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The level of gold exploration in Central America has increased significantly over the past year because the region is relatively underexplored, the price of gold is robust and laws are generally favourable to mining and exploration. Central America is re-emerging as a top destination for gold mining companies. Although just a quarter of the size of Mexico, its neighbour to the north, the long isthmus that connects South and North America is dotted with high-grade gold deposits. Several companies established gold exploration and mining projects there in the 1990s, but when the gold price collapsed below US$300 per oz., many of these operations were suspended. Mining History Gold mining in Central America has a long history. Numerous pre-Columbian gold jewelry artifacts from peoples such as the Maya in Guatemala and Honduras have been uncovered. Creation of an Epithermal Gold Deposit, Current Exploration, Active Mining Companies There are no major gold producers operating in Central America because most of the gold deposits in the region do not meet the multi-million ounce cut-off major producers seek. Market Capitalizations of Companies with Reserves. Using a grassroots exploration strategy that has been successful in the past for President Simon Ridgway (e.g. the San Martin deposit), Radius Explorations (RDU:TSXV) is fanning out across Guatemala and, more recently, Nicaragua in search of epithermal gold veins. In Guatemala, Radius is drilling the high-grade Bandera gold-silver vein target along the Motagua fault .
Tags : gold mining companies, market capitalizations, gold veins, exploration central, gold producers, epithermal gold, exploration strategy, history gold, silver vein, gold exploration, target, gold deposits, grade gold, gold deposit, gold price
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