Goldgroup Mining (GGA.to) at Caballo Blanco: "You can't fire me cos I quit"

What does one do when the Mexico enviro people are about to hand down a negative ruling on your project? Simple; you withdraw your application and avoid the unpleasant letter arriving in your mailbox and then you can still tell all and sundry that your project is just fine and dandy six months down the line. When it obviously isn't:

VANCOUVER , Sept. 17, 2012 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (GGA.TO),  on September 14, 2012 deferred the evaluation of the Environmental Impact Assessment (MIA) for its Caballo Blanco mining project in the State of Veracruz by the Mexican Ministry of Environment (SEMARNAT).

Mexico is going through a change in Federal Government and Goldgroup recognizes the importance of working with the transitioning team and the new authorities to integrate their requirements for the development of the Caballo Blanco project.

President elect, Mr. Enrique Peña Nieto, has made public his interest to promote investment and enhance the development in the mining sector, with strict compliance to the laws and regulations, with a strong commitment to sustainability and the environment.

Deferring the evaluation and approval process of the MIA complies with Goldgroup's objective of working further with the relevant authorities to ensure yada yada continues here

Or in the words of Graham Chapman...



dyodd