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    Goldgroup Replies to Mexican Newspaper Comments

    Investing News Network
    Feb. 28, 2012 09:44AM PST
    Gold Investing

    Goldgroup Mining Inc.(TSX:GGA) reported that it has responded to recent quotes in unconfirmed Mexican newspaper articles. The newspaper reported on statements given by the Veracruz Governor in regards to the Company’s Caballo Blanco project.

    Goldgroup Mining Inc.(TSX:GGA) reported that it has responded to recent quotes in unconfirmed Mexican newspaper articles. The newspaper reported on statements given by the Veracruz Governor in regards to the Company’s Caballo Blanco project.

    As quoted in the press release:

    As observed by the Governor of the State of Veracruz in the aforementioned newspaper articles, mining operating permits are a matter under the jurisdiction of the Federal Government of Mexico. Goldgroup filed its environmental impact statement with the Federal Government of Mexico in December 2011 and continues to work with all government authorities to advance the permitting process.

    Goldgroup, President and CEO, Keith Piggott, commented:

    We agree with the reported comment by the Governor of the State of Veracruz that our project should be designed with the welfare of all stakeholders in mind. The Federal Government has not denied our mining operating permit and we continue to work closely with all stakeholders of the Caballo Blanco project to create a sustainable mining operation for all parties involved. Our current work program at Caballo Blanco is being conducted under already issued Federal permits and is not affected by the current permitting process. We will continue to be in discussions with, and take into consideration the views of, both the Federal and State Governments in Mexico to continue to move our mining project forward.

    Click here to read the Goldgroup Mining Inc. (TSX:GGA) press release
    Click here to see the Goldgroup Mining Inc. (TSX:GGA) profile.

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