Petaquilla

Most mineral deposits in Panama, have an above average grade 2.5 ppm Au (Cerro Quema, Petaquilla Molejón, Minas Santa Rosa, etc.)

The formation and hence the existence of any mineral deposits on the surface of the Earth is in itself a casualty of nature. The detection and subsequent exploration, require in depth knowledge of geological exploration techniques. If a site becomes a mining project (note that we have not said mine) depends mainly on the concentration of certain elements in the rock and where it is located.
On average a mine as noted by the columnist, removes 400 tons of rock to process 1 oz. Au (gold) (average grade of 0.7 ppm Au). With this equation, and if you know some economics such a mine would not be profitable and does not allow payment of costs extraction, processing and marketing so it would not be feasible.
Most mineral deposits in Panama, have an above average grade 2.5 ppm Au (Cerro Quema, Molejón, Minas Santa Rosa, etc.) And a lifespan of 8-10 years.
The writer is speculating and has entered into a field in which apparently she has no idea what she is saying, how much land will be removed to get a certain amount of gold, apparently she does not know that the land is not removed or processed, In this case gold is linked to certain types of rock susceptible to impregnation and subsequent deposits of minerals
due to hydrothermal solutions rising in areas favorable to it. That is why these sites are in areas with near-vertical escarpments making it impossible to use for agricultural purposes and / or livestock.
The economic model that is proposed to exploit the tourism, I ask what touriss would like
visit a forest full of leishmaniasis, Chagas disease and malaria?, What is the plan to clean up these forests in order for the tourists to visit? And if so, how will you get them there? using who knows what means of transport, that the few ways of existing communication have been made by mining companies.
What happens when the mining companinies are finished with the resource? The roads, infrastructure, etc.. will remain so they are the ones that move the economy of a country.

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Petaquilla employees drink water from rivers nearby the mine to show that there is no contamination

RAMOS Torrera Lineth – El Siglo
Representatives of the Petaquilla Gold mine rejected the arguments of farmers and environmentalists about the pollution of the Coclesito river and to prove it they bathed in the water and even drank water directly from river.
Carlos Salazar, in the presence of the media, bathed in the river with his
son and public relations representative Fernando Rodriguez. “Petaquilla is accused of having polluted rivers, mainly Coclesito without scientific evidence, and have alarmed the people to later interview them.” said Salazar.
842 square Km is mine Molejón 300 thousand cubic meters has the tub.
He stated that the mining company is not using seven tons of cyanide and is not destroying the water sources in the region, as stated by the environmentalists.   He explained that in the operational phase they have taken advantage of the high level of rainfall, which increased levels of the tub of tailings, to say that there was spill, which is not true.
They also argued that theoretically the mine consumes 1800 cubic meters of water a day because the tub has a pumping capacity of 45 cubic meters per hour, but as rain fills it, they do not get to use 45 cubic meters, or much less 1800 per day.
Salazar said that Coclesito water can be consumed, although environmentalists accuse Petaquilla of having contaminated the water.
Leak
They say there is no danger to the level of landslide tubs
Location
They are in District Molejón Donoso
Research
Ancon and Anam take samples of water from nearby rivers
History shows that of 100 applications for exploration, two become mines and so Panama at its best will have 6-7 mines, which would have a surface of 3.500 to 4000 hectares, equivalent to 40 square kilometers, said Salazar.
It was a challenge without proof
The environmental Raisa Bainfield said she saw no evidence that Salazar was drinking water from the affected rivers.    “That bathing and drinking water from the rivers has no merit. That was will determine whether there is contamination or not is a committee of national experts that investigates the mine, and I say international because the government is biased in this issue, “said Bainfield, while trying to establish her theory that the mine is detrimental to the community.

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Petaquilla News: “we are well on the refuge, 33″, trapped miner

SANTIAGO .- After serving 17 days trapped 33 miners from the San Jose site sent a proof of life for a probe that carries out the rescue work, triggering the joy of their families and the authorities who moved to the collapse site .

Un operario encontró el mensaje escrito con lápiz rojo con la frase “estamos bien en el refugio, los 33″ , lo que fue ratificado momentos después por el propio Presidente, Sebastián Piñera. A worker found the message written in red pencil with the phrase “we are well on the refuge, 33″, which was confirmed moments later by the President, Sebastián Piñera.

22:20: “Tengo la confianza de que los vamos a rescatar a todos con vida”, señaló el ministro. 22:20: “I have confidence that we will rescue all alive,” said the minister. 22:08: Al ser entrevistado por Canal 13 , el ministro del Interior, Rodrigo Hinzpeter, señaló que los mineros son “hombres excepcionales. En siete palabras fueron capaces de decirle al país lo que por 17 días estábamos esperando”. 22:08: When interviewed by Channel 13, the Interior Minister, Rodrigo Hinzpeter, noted that miners are “exceptional men. In seven words were able to tell the country what we’ve been waiting for 17 days.”

21:56 : “Tenemos alternativas distintas que corresponden a máquinas que se utilizan en el petróleo, de diámetros y de velocidades mayores, pero tienen ciertos riesgos que tenemos que evaluarlos. No menos de tres meses” sería el tiempo estimado para el rescate, señaló el jefe de sondajes, André Sougarret . 21:56: “We have different alternatives that relate to equipment used in oil, diameters and higher speeds, but they have certain risks that we have to evaluate them. Not less than three months” would be the estimated time for the rescue, said Drilling head, André Sougarret.

21:49: “Acá logró cada uno hacer un rol distinto. Fue un privilegio trabajar en esta labor. El equipo técnico sigue trabajando en buscar otras alternativas que permitan acortar esos plazos (tres a cuatro meses). Hay que pensar con un poco más de calma”, señaló Golborne. 21:49: “Here did each do a different role. It was a privilege to work in this work. The technical team is working on finding alternatives to shorten these deadlines (three to four months). You have to think a little more of calm, “said Golborne.

21:36: “Los mineros han demostrado que tienen recursos de distinta naturaleza”, dijo el ministro de Minería Laurence Golborne . 21:36: “The miners have shown that they are different in nature resources,” said Laurence Golborne mining minister.

21:25 : El jefe de sondajes, André Sougarret , indicó estas labores “han sido lo más emocionante que he hecho en mi vida. Lo que estamos haciendo ahora es asegurar el pozo, a las 8:00 horas podríamos acceder con alimentos y medicamentos”. 21:25: The head of drilling, André Sougarret said this work “have been the most exciting thing I’ve done in my life. What we’re doing now is ensuring the well, at 8:00 am could get food and medicine . Read More…

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Petaquilla entered gold production this year at its 2,200 tonne/day Molejon open-pit mine north of Penonome

Penonome & Panama City, Panama – In the 50 years following Christopher Columbus’s accidental discovery of the Americas, Spaniards hauled some 21 tonnes of gold out of the east-west isthmus of what is now called Panama. There ended, by AD 1550, Panama’s mining industry. Her dense jungles, populated by snakes and bugs and panthers, and overburdened with mud so slick and greasy you can bury a Land Cruiser in, forbade future prospecting.

Fast-forward 460 years, and Panama is back in the gold-mining game. Petaquilla Minerals, Ltd., (TSX: PTQ) entered gold production this year at its 2,200 tonne/day Molejon open-pit mine north of Penonome, the first of several new precious and strategic metals projects on Panama’s plate.

“Panama lies on a bed of copper and gold,” Robert Henriquez, Panama’s Minister of Commerce and Industry, told us in a recent interview in his Panama City office. “We feel that mining is an area of great potential for us.” He endorses Petaquilla’s Molejon mine as a model for future mining ventures in his country, including Inmet’s (TSX:IMN) nearby prospective $4 billion Cobre porphyry copper-gold deposit 20 km south of the Caribbean shore in Colon province. “They are doing a very nice job and we support their project.”

Forget what you think you know about Panama. Bananas, notes Henriquez, account for just $150 million of Panama’s $25 billion gross national product. The nation’s debt rating was upgraded to Investment Grade status earlier this year by Fitch, Moody, and S&P, joining Mexico, Brazil and Chile in the BBB-minus category. Panama grew its economy even in the depths of the global recession and its jobless rate peaked at 6.4 per cent, versus the 10 per cent in the U.S. and 20 per cent in Spain.

By David Bond, Editor Silverminers.com

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Petaquilla Minerals Ltd PTQ

8/9/2010 10:58:35 AM

VANCOUVER, BRITISH COLUMBIA, Aug 09, 2010 (MARKETWIRE via COMTEX News Network) –

Petaquilla Minerals Ltd. (TSX: PTQ)(OTCBB: PTQMF)(FRANKFURT: P7Z) (“Petaquilla” or the “Company”) today announced positive drill and trench results from the Tucan Project on its Oro Del Norte exploration concession located in central Panama. The Tucan Project is approximately 20 kilometres northeast of the Company’s Molejon Mine site, within trucking distance of the mill if a commercially viable deposit is discovered. Petaquilla has also identified five other prospective gold and copper bearing targets in other areas of its concession.

As previously announced March 4, 2010, the Company has been aggressively exploring the concession and has defined an area known as the Tucan Project containing significant surface rock chip samples with dimensions of approximately 2.0 kilometres x 1.5 kilometres. The Tucan Project contains numerous drill ready targets.

Diamond Drilling Program

During the second calendar quarter of 2010, the Company commenced Phase 1 of its planned 5,000 metre diamond drilling program on the first of the identified drill targets. The below results are the first to be released from this drilling program on the Oro Del Norte concession where three drill rigs are currently turning.

To date, 17 diamond drill holes for a total of 2,741 metres have been completed on the initial four target areas within the Tucan Project testing the mineralized structures identified by surface mapping and trenching.

Results for the first 15 drill holes have been received.

Drill result highlights include:

Table 1:
Hole ID   From    To   Intercept Length    Au   (metres) (metres) (metres)  (g/t)
TCDH-001  15.46  22.35   6.89     1.89  includes  15.46   16.15     0.69    11.25
TCDH-002  63.00  64.00   1.00     2.47
TCDH-002   81.30 94.70   13.40    1.47  includes  91.30   94.70     3.40     3.48
TCDH-003   41.00 43.00    2.00    3.39
TCDH-005   24.30 32.05    7.75    0.99  includes  26.30   27.35     1.05     2.51
TCDH-007   57.45 59.50    2.05    1.38  includes  57.45   58.00     0.55     3.59
TCDH-007   97.00 98.00    1.00    1.48
TCDH-011   0.00   1.50    1.50    3.06
TCDH-011  34.50  35.40    0.90    1.32
TCDH-011  60.55  61.70    1.15    2.42
TCDH-011  96.70  98.00    1.30    1.50
TCDH-012  90.50  92.00    1.50    2.33  includes  90.50   91.25     0.75     3.06
TCDH-014  55.80  59.00    3.20    2.32  includes  55.80   58.00     2.20     2.77
TCDH-014  59.75  64.00    4.25    1.45  includes  59.75   61.55     1.80     2.54
TCDH-015 171.25 175.00    3.75    0.70
TCDH-015 178.00 180.00    2.00    1.48  includes 179.00  180.00     1.00     2.28
TCDH-015 183.00 184.00    1.00    1.04

Notes:
1. Assay results for drill holes TCDH-001 to TCDH-010 have been analyzedby ALS Chemex
in North Vancouver, BC, Canada.
2. Assay results for drill holes TCDH-011 to 015 have been analyzed by Petaquilla's
on-site analytical laboratory, which is not a certified independent laboratory,
located at the Company's Molejon Gold Project. Duplicate samples have been collected
and sent to ALS Chemex in North Vancouver for verification and the Company is awaiting
the results of independent analysis. The Company utilizes the service of its in-house
laboratory as it is able to provide a 24 hour turnaround for assay results and, thus,
enabling the Company to quickly verify its exploration strategy on the ground.
3. Drill intersections tabulated under 'Intercept Length' are reported as drilled
thicknesses. Based on core axis to structure angles, true widths are estimated to be
70% to 90% of the interval lengths.

These initial drill holes were completed on the first four drill targets to determine both the style and grade of mineralization in addition to the attitude of the mineralization in this structurally controlled environment. This drilling has achieved these objectives. The mineralized structures tested to date are both steeply southwest and northeast dipping and have a northwest to southeast strike. Additional data obtained from oriented drill core samples has identified the mineralization to be predominantly structurally controlled, having multiple phases of mineralization and containing post mineralization cross cutting structures which offset the main mineralized body.

This drilling has identified numerous gold intercepts in three sub-parallel epithermal vein systems over an area of 1.3 kilometres x 0.4 kilometre.

All three veins systems are open along strike and will continue to be the focus of the drilling effort during this next phase of the drilling program which will now progressively step out toward the southeast of the project area to evaluate their strike extent.

In addition to the above, numerous drill ready targets identified during the late 2009/early 2010 exploration work remain untested and will be drilled during this second phase.

Trenching Program

In conjunction with the diamond drilling program now underway, the Company has completed 243 trenches for a total of 3,972 metres.

The trenching program has resulted in the discovery of two additional sub parallel gold mineralized structures located 170 metres north and 80 metres south respectively to the principle structure which was identified by detailed mapping and sampling completed in the first quarter of 2010.

Results for the first 227 trenches totaling 3,636 metres have been received. Highlights of the trenching results are listed below.

Trench result highlights include:

Table 2:
Trench ID    From   To   Intercept Length    Au   (metres) (metres) (metres)  (g/t)
 ONT-16-6    9.00  13.00    4.00    2.21   includes  12.00   13.00    1.00     5.68
 ONT-16-11   4.00   8.00    4.00    1.22   includes   5.00    6.00    1.00     4.59
 ONT-16-13   8.00  17.00    9.00    0.60   includes  11.00   12.00    1.00     2.84
 ONT-16-14  14.00  17.00    3.00    0.89
 ONT-16-14  19.00  20.00    1.00    8.68
 ONT-16-19   3.00   7.00    4.00    0.80   includes   4.00    5.00    1.00     2.19
 ONT-17-28  19.00  20.00    1.00    3.99
 ONT-17-29   1.00   5.00    4.00    0.95   includes   4.00    5.00    1.00     2.16
 ONT-17-31  11.00  14.00    3.00    0.96
 ONT-17-35   8.00  17.00    9.00    0.79   includes  13.00   14.00    1.00     4.59
 ONT-18-19   2.00   4.00    2.00    2.89   includes   2.00    3.00    1.00     5.43
 ONT-18-24  19.00  21.00    2.00    0.92
 ONT-18-38  16.00  29.00   13.00    1.02   includes  17.00   18.00    1.00    10.88
 ONT-19-28   3.00   8.00    5.00    0.91   includes   7.00    8.00    1.00     3.59
 ONT-21-9    0.00   8.00    8.00    1.86   includes   1.00    3.00    2.00     2.45
 ONT-21-11  15.00  17.00    2.00    2.32   includes  15.00   16.00    1.00     3.03
 ONT-21-16   1.00  15.00   14.00    0.54   includes  10.00   11.00    1.00     1.54

The trenching program will continue aggressively expanding into new areas on the concession which the Company believes is prospective for intrusive related epithermal gold bearing vein systems as evidenced by the discovery during this phase of work.

The Company is encouraged by the positive results achieved by the first phase of exploration trenching and drilling on the Oro Del Norte Concession. Interpretation of both the drill and trench data collected to date confirms the Company’s geological and exploration models for the property.

Petaquilla believes that its 100% owned concessions surrounding its Molejon Gold Project are prospective for intrusive related epithermal gold vein systems and porphyry copper-gold-molybdenum deposits.

Petaquilla is solely funding exploration on its 100% owned concessions.

Mr. John Kapetas, P. Geo., a Qualified Person as defined by National Instrument 43-101 and the Company’s Vice President Exploration & Resources Development, has been overseeing the exploration field program. Mr. Kapetas is ensuring that the appropriate quality assurance protocols are being followed and that the data is being qualified under strict quality controls. He has reviewed and verified the technical mining information contained in this news release.

About Petaquilla Minerals Ltd. – Is a gold producer operating its gold processing plant at its 100% owned Molejon Gold Project in Panama. Anticipated throughput for the project during the first year of commercial production is estimated to be 2200 tonnes per day. Commercial production commenced January 8, 2010. The Molejon mine site is located in the south central area of the Company’s 100% owned 842-square kilometer concession lands, a region known historically for gold content.

On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.

Richard Fifer, Director and Non-Executive Chairman of the Board

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