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  • $1,500,000
    •
    CHECK IF AVAILABLE
    CHECK IF AVAILABLE
  • Business
  • For Sale 
  • Camilo Ponce Enriquez
  • ecuador Flag Ecuador
Gold mine for sale. The mine is located in the Bella Rica area geographically in western Azuay
province, municipality of Camilo Ponce Enriquez. The southwestern part of the region is part of the
coastal plain, the largest area, which includes mining operations corresponds to the foot of the
Western Cordillera, the grant was recently renewed in 2012 for 25 years and being able to be
renewed after the end of the period.
The mine (which has been in production since 2012) currently has five gold veins (two veins are in
production and three are not yet producing and each vein is less than 100 meters
from the mine mouth. The mine has about 1300 meters of tunnels and the width of the vein is from
0.3 to 0.8 meters depending on location. The veins run at a sloping angle of 35 degrees angle.
There are also two smaller veins of about 10 cm each. The mine`s reserves are estimated at over
550,000 ounces of gold (based on historical information of other mines in our neighborhood that
have the same veins that we have, and which produce from 40 to 100 kg. per month. Also as
supportive information about other competitors working on the same veins in near locations, you
can check the study that the Canadian company C2C made in the zone in the year 2007
( press-release/C2CConfirms-High-Gold-Potential-Bella-Rica-Mine-
), they concluded that there are more than
1.000.000 oz only in one area of the zone.

The very small veins are producing about 80 to 100g. per ton, while the larger veins produce about
20 to 40 grams per ton.
Opportunity : In Ecuador there is a law known as the “Law of the borehole”, which means that the
mine can be extended as much as capital and efforts enable within the 3400 hectares of
concession. This implies that this type of mine is very suitable for investors who can conduct a
certain degree of exploration into large blocks of the concession while mining the operational part
of the property. Once formed large exploitation blocks within the concession can be registered and
production can be extended for many years. Based on our knowledge of the vein system across the
entire coop concession we can say very conservatively that our mine can have in reserves 550.000
oz or more.
Gold mine for sale. The mine is located in the Bella Rica area geographically in western Azuay
province, municipality of Camilo Ponce Enriquez. The southwestern part of the region is part of the
coastal plain, the largest area, which includes mining operations corresponds to the foot of the
Western Cordillera, the grant was recently renewe...
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