24th November 2010 Vancouver
posted on
Nov 18, 2010 06:53PM
Targeting 2013 annual production of 118,000 ounces of gold
Vancouver
The directors of Timmins Gold Corp (TSX-V: TMM), Kootenay Gold (TSX-V: KTN) and Minefinders Corporation (TSX: MFL) will be presenting:
The presentations will start at 2:00pm and finish at 4:00pm. After the presentations are complete the directors will also be available to take questions during a free canape and wine reception. Details on the presenting companies can be found below.
If you have any problems registering or queries please email action@proactiveinvestors.com
Timmins Gold Corp (TSX-V:TMM)
Timmins Gold Corp is strategically positioned for years of continuous growth as a gold production and development company. Focused in Mexico, Timmins Gold is in full commercial gold production at its wholly owned San Francisco Gold Mine in the state of Sonora.
The Mine is a past producing open pit heap leach operation from which Timmins Gold will be producing at a rate of 80,000 - 100,000 ounces of gold per year at a cash cost of approximately $412 per ounce.
On the exploration front, Timmins Gold is focussed on drilling along strike to expand the reserves at the San Francisco Mine. In addition, Timmins Gold's portfolio consists of several other gold projects one of which is a 45,000 hectare property located contiguous to Goldcorp's Penasquito Gold Mine (17 million ounces) and near Goldcorp's Camino Rojo Gold Project in Zacatecas. Timmins Gold also has over 70,000 hectares of claims in the highly prolific Northern Sonora Gold District.
Kootenay Gold (TSX-V:KTN)
Kootenay Gold believes its flagship Promontorio Silver Project in Sonora, Mexico offers all the quintessential ingredients to develop into the prolific regions’ ‘next’ significant producer. To date, over 25,000 meters of drilling has been completed on Promontorio revealing widespread mineralization, several new discovery zones and excellent grades. A recent qualified 43-101 resource estimate pegs the current total contained metal value at Promontorio at over US$320 million. An aggressive, 10,000 meter, multi-phase drilling program now in progress offers potential to dramatically expand the current resource. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries.
Minefinders Corporation (TSX:MFL)
Headquartered in Vancouver, Canada, the Company`s objective is to build a profitable mining company dedicated to environmentally and socially responsible gold and silver production that creates sustainable value for shareholders, employees and communities.
Minefinders owns and operates the multi million ounce Dolores gold and silver mine located in northern Mexico. Opportunities for the continued growth of the Company are driven by a pipeline of advanced and grass-roots exploration properties and the development expertise to bring a new mine into production. The company is also focused on finding potential acquisitions that would be accretive to its shareholders.
The Company is listed on the Toronto Stock Exchange under the symbol MFL and the New York Stock Exchange under the symbol MFN.