Goldgroup Mining Inc (GGAZF)

[Picassa]

Goldgroup has recently acquired 100% of the Caballo Blanco project, which consists of 15 mineral concessions covering 55,000 hectares, 65km northwest of the port city of Veracruz, Mexico, which is the country's largest port city. Caballo Blanco has easy port access, as well as paved roads and access to power and clean water. Furthermore, Caballo Blanco has on-site metallurgical and assay facilities. Goldgroup is targeting a resource sufficient to sustain 100,000 ounces of annual gold production commencing in Q4 2012.