Tuesday, 19th February 2008 (1827 views)

C2C Gold has completed two steps crucial to bringing the Paraiso-Bella Rica mine in Ecuador into production, the company has announced.

It has filed a technical evaluation report with the Canadian stock exchange and has appointed a new president and chief executive, Yves Gagnon, who will be responsible for overseeing the mine's development.

The new technical report was required after C2C agreed terms with Andres David Machuca Granda to acquire an interest in the property. It is currently negotiating the final transaction that will allow it to being exploiting the mine's resource.

This work will be the responsibility of Mr Gagnon, who joins the company after working for a number of firms in the mining sector, including Espalau, Mines Abcourt and Geospex Sciences.

C2C Gold had previously reported promising potential at the Paraiso-Bella Rica mine, with historical results showing between 4.1 and 4.2 million tonnes grading up to 9.0 g/t gold for one to 1.2 million ounces of gold.

In related news, C2C has announced the completion of drilling and exploration activities at its properties in Quebec - Blackcliff, New Bidlamaque, Fourniere and Opinaca.

 

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