Veragold Mining Company Inc.
Operating Company – Panama, Americas
About us
Veragold Mining Company Inc (a private, Panama based company), owns the Mina Santa Rosa Project, including a former gold mine in the Veraguas Province, Republic of Panama and surrounding Gold/Silver and Copper development and exploration concessions in a 50 km radius “Contrato Ley”
Mina Santa Rosa is located 300 km southwest of Panama City and 1 km south of Cañazas, Veraguas province, west central Panama. It is 25 km northwest of the provincial capital of Santiago and is accessible by paved highway. The project site is centered 8o 18’ 12” N and 81o 12’ 44” W, in forested and hilly terrain, elevation varies from +150 -300m. Further Au/Ag and Cu exploration targets within and beyond
the concession area have been located and are being evaluated.
The Project includes the Santa Rosa, ADLM and Cerro Otero pits along with the existing 122kozs Au Stockpile.
Resource / Reserve 1.1m oz. Au and 4.5m oz. Ag
Concessions and Permits
On November 7th, 2013, The National Assembly approved Law No 92, whereby the mining concession contract for the extraction of gold and other metallic minerals granted by the government of Panama to Vera Gold Corporation was elevated to a Contract Law (Ley No 92, published in the Official Gazette No 27410).
This contract law enables Veragold to obtain concessions for exploration and/or the exploitation of metallic mineral reserves (gold and others) in a 50 km radius around the Santa Rosa concession.
Gravity
- Produces the highest grade concentrates
- Economical technology but recoveries are lower
Leaching
- Better recoveries than gravity, but still marginal
- Uses cyanide
Flotation
- Best overall recoveries on all ore types
- Good upside potential
The Best Technology
Flotation is the Best Technical Choice
- Flotation provides the overall best results
- Applicable to both the heap leach residue and the insitu core from each deposit
- Although implementation of the technology is more costly, the metallurgical performance overrides the increased cost
- Environmentally falls between gravity and leaching, but still environmentally safe and does not use cyanide
State-of-the-Art Technology
Paste Thickening
- Eliminates Waste Pond
- High Water Recovery
- Reduces Waste Volume
- Remaining Water Evaporates Quickly
- Ability to Dry Stack Tailings
- Eliminates Possibility of Dam Failure
Additional Drilling
- In Progress
- Evaluating additional resource close to existing operation
Veragold In The Community
Sponsorship of all Cañazas Soccer Women’s Championship Team and other community programs.