Global Gold Snapshot: Eight companies scouring the globe for gold

With gold prices approaching US$2,000 per oz., gold exploration and mine development remain important drivers for many mining companies. Here are eight global gold explorers to watch.  

ANACORTES MINING

Vancouver-headquartered Anacortes Mining (TSXV: XYZ; US-OTC: XYZFF) is exploring its 100%-owned Tres Cruces project in the prolific Quiruvilca mining district of northern Peru, about 127 km east of the city of Trujillo on the Pacific coast. 

According to Anacortes, Tres Cruces ranks among the highest-grade gold oxide development projects globally, with 9.6 million indicated tonnes grading 1.37 grams gold per tonne for 425,000 contained oz. of gold in oxide material. The project also hosts an additional indicated resource of 31 million tonnes at 1.84 grams gold for 1.8 million oz. of gold in leachable sulphides. 

Mineral resources for Tres Cruces currently stand at 46.5 million indicated tonnes grading 1.65 grams gold per tonne for 2.5 million oz. contained gold and 2.6 million inferred tonnes of 1.26 grams gold for 104,000 oz. gold. 

In March, the company released an initial preliminary economic assessment for the project.

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