Mexican Focus Cangold Pushes Ixhuatan Gold Project toward Prefeasibility By Greg Klein
Now this is a testament to the lure of gold—and of Mexico. Two producing silver mines, a silver development project and a silver exploration project, all south of the Rio Grande, didn’t quite satisfy the management of Great Panther Silver TSX:GPR. Hence the existence of Cangold TSXV:CLD, a company whose management and board are almost identical to Great Panther’s. Having picked up a 75% option on the Ixhuatan Project in the same country, Cangold has a gold project moving toward prefeasibility.
“The beauty of this is that it’s an advanced-stage project with a compliant resource of 1.7 million gold ounces,” says President/CEO Bob Archer. “And because it’s the same management team as Great Panther, we can move it into production, if that’s the case.”