News

February 27, 2008

Hidefield Prioritises in Argentina And Moves Ever Closer To Production

By Our Man in the City

“There isn't a single week when we aren't approached over potential joint ventures,” says Hidefield Gold chairman Ken Judge, as he prepares to go to Canada's PDAC conference next week. Unsurprisingly, his agenda at the mining event includes meeting an investment bank who has a client interested in exploring some of Hidefield's vast land holding in South America.

The company has licences covering 203,000 hectares in Argentina, where its main project, Don Nicolas, is located. Around 15,000 hectares are adjacent to AngloGold Ashanti's Cerro Vanguardia mine, making it prime real estate for explorers hoping to find an extension of the major's deposit.

In spite of the temptation to accept the highest offers for joint ventures, to boost the company's long-term position, Hidefield is playing a cautious game. It recognises the benefits of letting...