Go TO THE COMPANY MAPS ON THE WEBSITE AND YOU WILL SEE THAT MRZ LITERALLY SURROUNDS CERRO MORO WITH IT'S HOLDINGS. So IT MAY BE ONLY A MATTER OF TIME BEFORE YAMANA comes calling to buy or jv those areas IF the CM vein system follows the pattern elsewhere in Santa Cruz Prov of having long winding veins that travel quite a distance. PAAS did it with Espejo, so Yamana may do it with Cerro Morro.
Yamana Increases Resources At Cerro Morro
Wednesday, February 13, 2013 11:35 AM
Yamana Gold Inc. (TSX: YRI)(NYSE: AUY) increased mineral resources at its Argentinean Cerro Moro project by 44%. Indicated mineral resources now stand at 1.95 million gold equivalent ounces while inferred resources now total 490,000 gold equivalent ounces, the company says. “With our initial mineral resource at Cerro Moro, along with the initial operation plan and exploration potential, we are confident that this asset will contribute positively to that objective," says Peter Marrone, chairman and chief executive officer. "We have started pre-development work with a production ready ramp into one of the ore bodies, the initial studies that will lead to a feasibility study and will continue with further exploration to advance the project.” Yamana is a Canadian-based gold producer with projects in Brazil, Argentina, Chile, Mexico and Colombia.