Richard Fifer – Mayors and directors from Castilla del Oro analyse project progress
The meeting was chaired by the project director and Cocle businessman, Richard Fifer
Mayors and directors from Castilla del Oro analyse project progress
A meeting to analyse and get a perspective on the progress of the La Castilla de Oro Project, which seeks to promote rural tourism in the central provinces, was held in Penonomé, Coclé. The two groups of Mayors who visited Spain to see how tourism is developed in the country took part.
The meeting, held between a group of mayors and local municipal representatives belonging to Castilla del Oro Foundation, was chaired by the initiative’s director, Cocle businessman Richard Fifer, who stated that the support and enthusiasm of the participants was shaping the project and he encouraged them to go on in the same way until the project was firmly established.
Fifer informed the meeting that Public companies from Extremadura in Spain would visit Panama during July to approach the Provincial authorities of Colón, and sign an agreement for reactivating the San Lorenzo fort as an international tourist destination.
Similarly, he said that progress had been made on establishing a second operational centre for “La Castilla del Oro Foundation” in Los Santos Province and, as part of the Foundation’s initiatives, a launch had already been acquired to transport tourists in the Pacific sector of the Los Santos and Veraguas Provinces.
Richard Fifer also communicated the Foundation’s participation as flagship sponsor in the Parita Festival; he said that, as a first stage of the initiative, two buses for transporting tourists from the beachside hotels to the historical monuments of Coclé, Los Santos and Veraguas would be available in July.
Fifer said the Tourist Authority required, as part of the project, formal plans for undertaking any initiative by La Castilla del Oro, and that –as part of the commitment–the remodelling of the Casa del Pueblo in Ocú has been reactivated and that soon donations will be made for renovating the San Francisco de la Montaña church tower in Veraguas.
Engineer Richard Fifer also talked about the initiative by Herrera, Mayor of Pesé, to coordinate with the Republic’s vice-President, Juan Carlos Varela, work on Hacienda San Isidro, an important project the Foundation could adopt.
“When we began this project, all of us here used one word, patience, patience, and more patience, but, as we can see, the Foundation has put unlimited energy into the project as these two short videos show and this is only a sample of the great effort and achievements made by the management and staff of La Castilla del Oro during the first twelve months”, said Richard Fifer.
Finally, he said the aim was to recover, present and preserve history like that of Portobelo, that was the cultural of Panama for hundreds of years, as is done in Extremadura and Andalucía in Spain where the ancient cultural capitals of the Roman Empire, Caliphate and British culture of the 18th Century are presented to attract culture, tradition and economic progress to the communities.
Certificates were awarded to the Mayors for their participation in the “New Discoverers” tour that travelled around the Kingdom of Spain in May, visiting the Autonomous Communities of Extremadura, Andalusia and Madrid, with the aim of discovering new horizons for developing tourism in the La Castilla del Oro Region, made up of Coclé, Herrera, Los Santos, Veraguas and Colón Provinces, and to those
Engineer Richard Fifer with Panamanian authorities.
The project’s directors takes an active part in the project’s
Petaquilla – Annual Production Rate of 100,000 Ounces and Increases Working Capital
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as gold, mine, mining, Molejon, petaquilla, Petaquilla Gold, petaquilla minerals, richard fifer
Richard Fifer Site – VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 10, 2010) – Petaquilla Minerals Ltd. (the “Company”) (TSX:PTQ) (OTCBB:PTQMF) (FRANKFURT:P7Z) announces that it has increased its production rate.
Within the past ten days, the Company produced in excess of 100,000 annual ounces of gold by pouring 2,762 ounces of gold. This equates to a monthly gold production rate of 8,562 ounces and an annual production rate of 102,744 ounces.
This production rate represents an operational efficiency of the Molejon production facility of 95.2%.
The Company continues to increase the production capacity of its facilities by incrementing the carbon-in-column (“CIC”) hydraulic capacity by 100% in the next 14 weeks. This capacity increase will increase the throughput capacity of the plant by 40% and allow higher throughputs as well as diversify the metallurgical processes.
The Company is also pleased to announce that Peninsula Merchant Syndications Corp., along with affiliated underwriters, have exercised a total of 5,300,000 warrants of the 23,363,800 warrants priced at CAD$0.65 during the past three working days. The exercise of these warrants has increased the Company’s working capital to CAD$6,180,000 as of this date. The exercise of the additional 18,063,800 warrants would add an additional CAD$11,741,470 to working capital. These warrants are callable within 30 days if the closing trading price of the Company’s common shares on the Toronto Stock Exchange is $1.00 or more for a period of 30 consecutive trading days.
Based on today’s production rate and gold at US$1,300 per ounce, the Company projects to increment its working capital by US$10 million from production by December 31st.
The Company restates further to its November 1, 2010, news release, its commitment to develop its Heap Leach Project. The positive gold recovery test results received from two years of metallurgical evaluation on the Company’s Oxide Gold Resource were ratified by METCON Research, an affiliate of KD Engineering, as to the commercial viability of this metallurgical process. The Company has committed to move forward with the construction of its Heap Leach Project and associated infrastructure.
These positive results from the Heap Leach Project make available for further evaluation the following additional resources, National Instrument 43-101 compliant, 23.01Mt at 0.26 g/t Au for a total of 194,712 gold ounces (Measured category at 0.1 g/t cut-off), 73.7Mt at 0.19 g/t Au for a total of 447,264 gold ounces (Indicated category at 0.1 g/t cut-off), and 95.7Mt at 0.16 g/t Au for a total of 495,885 gold ounces (Inferred category at a 0.1 g/t cut-off) at the Company’s Molejon and nearby satellite projects. These resources are in addition to the National Instrument 43-101 compliant resources of 28.3Mt at 1.0 g/t Au for a total of 911,023 gold ounces (Measured and Indicated category at 0.3 g/t cut-off) as more fully detailed in the Company’s news release of October 18, 2007, within the Molejon Gold Deposit.
Mr. Rodrigo R. Carneiro, P. Eng., Director of METCON Research & Process Engineering of KD Engineering & METCON Research of Tucson, Arizona, is an independent Qualified Person as defined by National Instrument 43-101. Mr. Carneiro supervised the metallurgical testing and verified the relevant data and technical information contained in this news release.
About Petaquilla Minerals Ltd. – Petaquilla Minerals Ltd. is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2,200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company’s 100% owned 842 square kilometre concession lands, a region known historically for gold content.
On behalf of the Board of Directors of
PETAQUILLA MINERALS LTD.
Richard Fifer, Executive Chairman of the Board
Read more: http://www.financialpost.com/news/mining/releases/detail.html?id=2922#ixzz14zMG7gkg
Castilla de Oro Foundation
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as gold, mine, mining, Molejon, petaquilla, Petaquilla Gold, petaquilla minerals, richard fifer
Richard Fifer Site – Upon returning from a working trip to Spain, we interviewed Carlos Gonzalez Vargas, Governor of the Province of Los Santos. What were your impressions on these ten days in Spain?
Petaquilla Exploration Drilling Update; Discovery of New Epithermal Gold Vein Systems at the Oro Del Norte Concession
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as copper, gold, mine, mining, Molejon, Mr. John Kapetas, Oro Del Norte, petaquilla, Petaquilla Gold, petaquilla minerals, porphyry, richard fifer, The Tucan Project
Richard Fifer Site – Petaquilla today announced positive drill and trench results from the Tucan Project on its Oro Del Norte exploration concession located in central Panama.
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