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Excalibur Resources Ltd. (CNQ:XBR) reports excellent progress on the Catanava JV project in Mexico.
The press release is quoted as saying:
The Catanava Joint Venture (“JV”) is 51% held by Minera Apolo S.A. de C.V. which is providing the property, mining asset and the management of the project, and 49% held by Excalibur which is providing the financing. The purpose of the JV is to build a gold mine and start production with a 250 tpd plant on the 133 hectare Catanava property, that is located in the Municipality of Pinos, in the State of Zacetecas, Mexico.
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