The Canadian mining company CuOro out of Vancouver B.C. is making some big discoveries in the Santa Elena property in Columbia. This company seems to be on a hot streak for anyone looking to invest in penny stock within the mining and metals industry.
CuOro is one of the powerhouse corporations in this industry with a string of successful drills exposing significant Au, Ag, Cu, and Zn results across multiple zones. Since November 2011 CuOro has had 3 big discoveries in the 100% company owned Santa Elena property.
The company is well financed with approximately $20 million dollars in their treasury, giving them the opportunity to make strategic investments in growth within the mining friendly, Columbia. Management looks to leverage its exploration and development expertise to bring additional resources and value to shareholders and to reduce development risk and expense through its focus on community relations, corporate and social responsibility.
The company has a great forward looking agenda with drilling well under way, along with a robust plan for future drilling. The exploration is providing good results too. They have made consecutive fruitful finds and have optimized their resources to increase their capital and ultimately benefit both the company at its shareholders.
With Columbia being such a mining friendly country, CuOro is in a great position with 100% ownership of the Santa Elena property and such a substantial treasury to utilize in growth and expansion of the promising property. The drilling is moving ahead having had the assays revealing significant zones of production.
Some of the highlights from the drilling are:
Hole SEDDH-39 intercepted: 102.9 metres @ 1.44% Cu, 0.07 g/t Au, 2.4 g/t Ag and 0.23% Zn including; 30.0 metres @ 2.06% Cu, 0.12 g/t Au, 4.8 g/t Ag, and 0.28% Zn and including; 25.0 metres @ 1.98% Cu, 0.07 g/t Au, 2.8 g/t Ag, and 0.15% Zn.Additional mineralization intercepted on the following holes: SE-DDH-37: 21.0 metres of 1.61% Cu, including 9.0 metres of 2.41% Cu.
SE-DDH-29: 2.0 metres of 1.62% Cu.
SE-DDH-26: 6.9 metres of 1.94% Cu.
Robert Sedgemore, President and CEO, commented: "We continue to deliver positive drill results at Santa Elena with drill hole 39 delivering an impressive intercept of over a 100m at 1.44% Cu, this provides further indication of a high-grade near surface copper deposit at Santa Elena." The indicators going forward are what will set this company apart from the competition. They are well set to add resources and continue to grow their existing successes into new year and beyond.
Written by Scott Humphries
Scott Patrick Humphrey is a journalist and contributor for many publications and online news sites with an edgy, sophisticated voice; reporting in depth on social, political, and environmental issues. As a digital marketing professional, he works to achieve maximum SEO with effective keyword research and seamless integration across multiple media networks. He also writes a personal blog ~ http://theindepthperspective.blogspot.com, on social and political issues.
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