zonte metals

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3 years 4 months ago #117985 by flynn
flynn replied the topic: zonte metals
Maybe now they will focus on zonte's Claims

AngloGold suspends Colombia project after anti-mining vote

BOGOTA, April 27 (Reuters) - South Africa's AngloGold Ashanti has halted all exploration work at its La Colosa project in central Tolima, Colombia, after voters backed a proposal to ban mining in the municipality, the company said on Thursday.

The decision comes amid legal wrangling over environmental regulations and community opposition that have worried investors and prompted the mining minister to promise a new law to reconcile central government-granted mining permits with local and judicial concerns. The company, which has been carrying out exploration work at the site outside of the town of Cajamarca for 14 years, said in a statement it "accepted" the result of last month's vote.

"Diverse reasons which range from the institutional, the political and particularly the social, with the recent referendum, oblige us to take the unfortunate decision to stop all project activities and with it all employment and investment, until there's certainty about mining activity in the country and in Tolima," AngloGold said.

The Tolima vote was made possible by a Constitutional Court decision that overturned the national government's sole authority to approve mining projects, allowing mayors and provincial governors to challenge exploration permits, to the delight of environmental groups and some politicians.

The La Colosa project had a potential investment of $2 billion, the company has said, and could yield 28 million ounces of gold. A huge majority of Cajamarca residents - 98.8 percent - voted against allowing mining in the referendum. AngloGold has invested some $900 million in Colombia since 2006 and La Colosa was the largest of its three projects in the country. The company said it would continue to seek constructive dialogue about mining in the country.

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3 years 4 months ago #117984 by flynn
flynn replied the topic: zonte metals
we need the volume to come back.

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3 years 4 months ago #117983 by ron
ron replied the topic: zonte metals
ZON looking good,have you got ASQ,thanks.

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3 years 4 months ago #117982 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Market depth around 3:30 the stock looks pretty clean, only about 50,000 shat\res to go to 50 cents
Attachments:

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3 years 4 months ago #117981 by Hoss
Hoss replied the topic: zonte metals
I think they have at least 1 or more big investors in already, the $1M raised is enough to drill but more $$ and they could be way more aggressive and getting the right players in now would mean money is there when they need $20M or so

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3 years 4 months ago #117980 by Hoss
Hoss replied the topic: zonte metals
If early drill results come back and they are better than Victoria, this thing is really going to light up and we will be talking dollars instead of cents

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3 years 4 months ago #117979 by ron
ron replied the topic: zonte metals
excellent,you seem in the know,keep posting the good news.:)

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3 years 4 months ago #117978 by ron
ron replied the topic: zonte metals
meanwhile,for those who want another stock to follow,

The hottest province for mining exploration is not Ontario, Quebec, or even the Yukon. It is actually Newfoundland, where a staking rush has quietly taken over the province.

palisade-research.com/newfoundlands-cham...cvemae-otcmktsmrtmf/

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3 years 4 months ago #117977 by ron
ron replied the topic: zonte metals
any target for the share price in 2017 ?

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3 years 4 months ago #117976 by flynn
flynn replied the topic: zonte metals
Getting a big investor is better then raising cash in the market, i think. I would think they are going to need more cash for a drill program for jest.
They dont have much in the bank.

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3 years 4 months ago #117975 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Thanks for the post Jim. I heard meetings with big money in Toronto went very well yesterday. If some big names get behind this, look out above!!!

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3 years 4 months ago #117974 by ron
ron replied the topic: zonte metals
never go on this site,but it makes sense,thanks for the link.

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