Through a wholly owned subsidiary, Delgratia Developments (VSE) has opened an office in Managua to explore and develop six recently acquired properties in Nicaragua.
The ground comprises 2,892 sq. km and is prospective for epithermal gold-quartz vein deposits. Several gold-silver deposits are present, the most prominent being Coco (in the Cocomina concession), which reportedly hosts 11.3 million tons of 0.05 oz. gold, 0.77 oz. silver and 3.4% zinc. The deposit is said to be minable by open-pit methods.
La Reina, a concession near Matagalpa, hosts a former gold-silver producer with an estimated geological (possible) reserve of 572,000 tonnes grading about 0.15 oz. gold per ton.
Delgratia is working to place the more advanced projects into production as soon as possible and is considering possible joint ventures with majors.
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