Crater Gold Mining (ASX:CGN)
Crater Gold Mining Limited (ASX:CGN) is a company producing gold and developing gold and base metal projects in Papua New Guinea and Australia.
The Company has a project in Papua New Guinea: Crater Mountain. At Crater Mountain the Company is currently producing gold at its High Grade Zone project. Papua New Guinea is a resource rich country which is one of the richest gold and copper province in the world. It boasts a number of giant world class copper and gold deposits including Grassberg, Ok Tedi, Porgera,Wafi-Golpu, Hidden Valley, Bougainville and Lihir Island as well as a number of large deposits currently being brought into production. By international standards it has only been lightly explored. Despite being a developing nation, PNG has a modern sophisticated Mining Legislation and supporting administrative infrastructure including a freely available data base [much now in digital format] of all previous exploration activities. The government is highly supportive of the mining industry and sovereign risk is very low compared to other developing nations.
In Australia the Company has the Golden Gate Graphite project and a Polymetallic project at Croydon in Queensland.