California Gold Corp. (CLGL) Starts Mexican Exploratory Drilling Program
California Gold Corp. announced that it has started an exploratory drill program at a mining property in Mexico, which the company believes is prospective for tellurium, gold and silver. California Gold is involved with the AuroTelurio project, part of an 18,840 acre mining concession located in Sonora, Mexico. The company can earn up to an 80% interest in this project by spending $3 million over four years on the exploration and development of the property. California Gold said that the AuroTelurio project is situated near the La Bambolla mine, an existing producing mine owned by First Solar (FSLR). The property…