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Pacifico punished for Mexican option

SHAREHOLDERS in Pacifico Minerals have not welcomed the company's decision to take an option over a Mexican gold project, plunging the stock almost 40% after it emerged from a week's suspension by opening a second front in the Americas.

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The Mexican flag flies over Chilpancingo. Picture courtesy Wikipedia.

The Mexican flag flies over Chilpancingo. Picture courtesy Wikipedia.

The company, which Colombia aside has focused on Australian opportunities, said it had signed an option to purchase 100% interest in the Violin gold-copper project in Mexico's Guerrero Gold Belt of Mexico....

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