San José de Gracia Recognized as Most Significant Gold Project by the State of Sinaloa, Mexico
Vancouver, British Columbia (June 21, 2010) -- Goldgroup Mining Inc., TSX:GGA, ("Goldgroup" or the "Company") is pleased to announce that the San José de Gracia project has been recognized as the State of Sinaloa's "Most Significant Gold Project" for the previous year. This recognition is presented by the State Government of Sinaloa through Mexico's Ministry of Economic Development.
Keith Piggott, Goldgroup's CEO stated: "Goldgroup feels honoured by this award to the San José de Gracia gold project. It recognizes all the hard work and perseverance by a great team of people and provides us with the confidence and support of the Sinaloa State to transform the San José de Gracia project into a successful producing gold mine".
Goldgroup is a Canadian-based gold production and exploration company focused exclusively in Mexico, targeting growth in gold production, mineral resources, profitability and cash flow from a portfolio of production, development and exploration stage projects. The Company owns and operates the Cerro Colorado Gold Mine in Sonora, Mexico. All gold production is un-hedged and the Company expects to produce approximately 25,000 to 30,000 ounces of gold in 2010. The Company's property portfolio includes the Caballo Blanco project in Veracruz, the San José de Gracia high-grade gold project in Sinaloa and the El Porvenir project in Aguascalientes.
See the news releases of the Company dated June 1, 2010 and June 11, 2010 for more details on the San José de Gracia gold project.
For further information on Goldgroup, please visit www.goldgroupmining.com or contact:
Keith Piggott, CEO
David Fry, Corporate Development
TF: 1-877-655-ozAu (6928)