As amazing as it sounds for a region that has a reputation for gold mining, a large portion of the country still remains untouched and unexplored. Nicaragua's revolution during 1970s to 1990s opposing the Somoza dictatorship drastically slowed down the country's development of vital resources.
Since Daniel Ortega's presidency in 2006, the country has been looking to rapidly increase the development of their country's resources. Encouraging foreign investment and welcoming resource companies by providing a straightforward permitting system and accelerating the legal process.
There are numerous reasons why Corazon Gold Corp. believes Nicaragua is an excellent opportunity for investors:
There are numerous reasons why Corazon Gold Corp. believes Nicaragua is an excellent opportunity for investors:
- Largest and least explored country in Central America
- 20 million ounces of historical gold production have created a proud mining history
- Modern, well-established mining laws and a clear permitting system
- Stable democratic government with an independent judiciary in place
- Availability of qualified and experienced mining professionals
- Existing infrastructure of roads, water and power reduces CAPEX requirements
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