The first step in developing a gold mine is selecting an area for prospecting. While this may seem boring and irrelevant to an investor looking into gold miners, this preliminary phase is the very foundation of a successful mining venture.
Andina Minerals reports that it has began a search for a senior mine development professional to lead its economic studies on Volcan gold project, Chile. With US$19.7 million in cash, Andina is well positioned, from a financial standpoint, to move the Volcan Gold Project forward. The Project hosts measured and indicated resources of 6.62 million contained ounces of gold (241.7 million [...]
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