Archive | November, 2008

Going 10 with Carlos “Chocorron” Buitrago

Posted on 29 November 2008 by nicaraguanpost

“He is one in a million, the sky is the limit if he works hard in the gym and stays focused”

Alexis Arguello.

At the tender age of 16, Carlos ”Chocorron” Buitrago (7-0), is fast becoming the new rising star of the Nicaraguan fight scene.
With blistering speed and a slick style well beyond his fledgling years, Buitrago looks set to light up the Nicaraguan and World boxing scene for many years to come.
We recently caught up with the young Buitrago in our series of “Going 10” interviews.

1. What made you decide to turn pro at only 16yrs of age?

When I started boxing most of the top pros were amateurs as well. The years have passed and I saw how Jose Alfaro and Roman Gonzalez have made a huge name for themselves in boxing. I want the same things that they have. In the gym I was sparring with pros and beat some of them regularly inside the ring. This made me start bugging the PRODESA people to help me turn pro.

2. As your performances continue to impress, have you found yourself getting more attentio
n?

The guys from PRODESA have done a great job of promoting me. That promotion naturally brings more attention. I just hope to be able to live up to the expectations being put upon me as a highly promoted fighter.

3. What goals have you set for yourself going forward in the game, how good can Carlos Buitrago be?

My goal is to be patient. I have been programmed regularly against sub par competition and have done well but I know that I need time to let my body develop and become stronger to perform better against tougher competition. The good thing is that I am gaining more experience in the pros as well as making a little money.

4 What fighters have you modeled yourself on with the slick style you fight with?

My favorite fighters are Tito Trinidad and Oscar de la Hoya. If I have to pick a favorite fighter its Tito. My manager Mr. Conrado has me studying film of Cristian Mijares and specially the stick and move style of Jorge Linares. Both are elusive and intelligent boxers.

5. Although still very young, do you have a timetable in your mind for reaching your goals?

I would like to get a shot at the championship by the age of 21, however I will leave all that to the better judgement of my managers. They have made two world champions, and have gotten title opportunities for other boxers so they must be doing something right.

6. Where do you feel you have to improve to reach the top?

I need to become stronger and be more elusive. Sometimes I like to trade shots but I know that at this moment this is not convenient. I also want to improve my defense to become a more complete fighter and learn to throw a better uppercut.

7. Which fighters have been your favorites growing up?

Tito Trinidad is my all time favorite. He is really good. I also like Oscar de la Hoya and Alexis. They were warriors in the ring with good boxing sense.

8. Working out of the same gym, what has it been like sparring with World champion Chocolate Gonzales?

He is a really tough and super talented fighter. I don’t think there is a better fighter in Nicaragua at the moment.

9. So many good young boxers today switch to high profile trainers. You are trained by your father; is this something you would like to continue throughout your career?

I only have seven pro fights. My father has taught me the basics but I realize that different trainers have different talents. The trainer I have is really up to the people who manage my career.

10. If you had a dream match-up, who would you love to fight?

Good question. I have never thought about that. I guess that a dream match would be somebody like Ivan Calderon but he wont be available by the time I become mature. I guess a dream match would be against somebody like Roman Gonzalez or Juan Palacios.


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Facing low oil prices, Venezuela reevaluates funding for Ecuador, Nicaragua refineries

Posted on 29 November 2008 by nicaraguanpost

CARACAS, Venezuela (AP) _ A top official says Venezuela’s state oil company is reevaluating how to pay for planned new refineries in Ecuador and Nicaragua because of the fall in oil prices.

The Venezuelan newspaper El Nacional says PDVSA vice president Elogio Del Pino says “international investments like the refineries in Ecuador and Nicaragua are under evaluation.”

It quoted Del Pino as saying Thursday that the company is looking for to help pay for the refineries, which together could cost $7.5 billion or more.

President Full Story">Hugo Chavez has made plans to build various refineries in Venezuela and other countries. Chavez has said his government may adjust some of its plans if oil prices remain low.

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Alfaro bounces back in three

Posted on 29 November 2008 by nicaraguanpost

By Darrell Williams.
Former WBA World lightweight champion Jose Alfaro (21-4),
returned to ring for the first time Friday night, since losing his title to Yusuke Kobori in Japan last May.
Taking on Mexico’s Baudel Cardenas (17-15) at Pharaohs Casino, Managua, Nicaragua, Alfaro looked rusty through a round and half, often getting beat to the punch by the unheralded Mexican. Toward the end of the second round Alfaro started to unload with his trademark hooks and a vicious left to the liver sent Cardenas to the canvas. The Mexican made the count at the bell but Alfaro quickly jumped all over him in the third sending him crashing to the canvas for the final time in a barrage of hooks that the Mexican had no answer to.
In his first fight at six rounds, 16 yr old Carlos “Chocorron” Buitrago (7-0) showed once again, in a first round TKO of Pedro Ramos (1-10) the blistering hand speed that have many including the legendary Alexis Arguello in awe.
Lightweight Moises Solis took his record to 13-1, dropping his opponent Leonardo Gonzalez (18-9) twice on the way to a fourth round stoppage.
Junior welterweight Rosemberg Gomez moved to (13-1) taking out Haroldo Carvajal (2-11) in three rounds.

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Georgia breaks off ties with Nicaragua over South Caucasus status

Posted on 29 November 2008 by nicaraguanpost

Tbilisi - Georgia has broken off ties with Nicaragua after the latter recognized the independence of the breakaway Georgia regions of Abkhazia and South Ossetia, media reports said Saturday. The government in Tbilisi delivered a note to the Nicaraguan ambassador to the United Nations notifying him of the formal break in diplomatic relations, the Interfax news agency reported.

On September 2, Nicaragua became second country in the world after Russia to recognize the independence of the two regions following Georgia’s August war with Russia. Georgia had already broken off relations with Moscow after the five-day war over South Ossetia.

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U.S. freezes $64 million in aid to Nicaragua

Posted on 28 November 2008 by nicaraguanpost

MANAGUA, Nicaragua – Citing “deep concern” over Nicaragua’s democratic process, the U.S. Millennium Challenge Corporation (MCC) announced yesterday that it is freezing $64 million in aid pledged to Nicaragua over the next year and a half.

A day after U.S. Congressman Howard L. Berman, chairman of the House Foreign Affairs Committee, urged the MCC to suspend its $175 million program in Nicaragua due to concerns over the decline of democracy here, the U.S. developmental-aid organization announced Nov. 25 that it is suspending all disbursements for new projects not under contract.

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Venezuela approves funds for food company with Nicaragua

Posted on 28 November 2008 by nicaraguanpost

The Venezuelan government has the necessary funds to establish a company called ALBA Alimentos de Nicaragua, as the Finance Committee, National Assembly, approved USD 2.27 for the purchase of financial assets in stocks of the company.

Under the related agreement, Venezuela’s PDV Caribe and Petronic will hold a 51 percent stake while Corporación Venezolana Agraria (CVA) will own 49 percent of the shares.

The company will have the following goals: supply of goods abroad, mainly to Venezuela; the production of agro-industrial goods, milk and meat, import and export of cattle, calves and the assembly of processing plants of primary products.

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Exploration Update for Nicaragua

Posted on 28 November 2008 by nicaraguanpost

Exploration Update for Nicaragua
Hightlights
  1. Trench intercepts of 5 metres at 37.2g/t gold and 4 metres at 6.62g/t gold.
  2. 413 metres of trenching and 70 metres of mine adit channel samples.
  3. 600 metre strike length of gold mineralization confidently delineated 300 metres from the Arras Resource on the parallel San Albino structure.
  4. 5,000 metres strike length of gold mineralisation confidently delineated within 15 kilometre long corridor for the Segovia Project, within which 2 or 3 parallel gold mineralised structures commonly occur. Combined strike length likely to be 20 to 30 kilometres.
Condor Resources Plc (AIM: CNR) is pleased to announce an update on exploration activities undertaken on the Segovia Project area of Nicaragua over the last four months. Since the last operational update (Interim Results, 29/09/08, covering activities up until the end of June 2008) Condor geologists have collected 413 metres of channel samples from trenches, exploration pits and outcrops from seventy​-​one separate locations, 70 metres of mine adit channel samples from five historic mine adits, and 77 rockchip samples for a total of 637 assays (including quality control standards, blanks and duplicates). During this period the balance of exploration has shifted from initial trench testing of anomalous rock chip samples to defining width, grade and continuity of surface gold mineralization at the most prospective gold occurrences in preparation for drill testing.
The regional rock chip sampling programme has continued to return positive results from a range of prospects within the 15 kilometre long gold mineralised corridor covered by Condor’s exploration licences in the Segovia Project area. Ten samples returned assay results of over 1g/t gold with a best result of 54.8g/t gold from the Robles Prospect in Las Conchitas area, less than 2 kilometres south of the flagship Arras Resource. The channel samples collected from trenches, exploration pits, outcrops and old mine adits has so far confirmed strike continuity of the surface expression of gold mineralised structures with a combined strike length of over 5,000 metres.
Since September, exploration has focussed on better defining the surface gold mineralization of two prioritised prospect areas. The priority prospect areas, San Albino​-​Arras and Santo Domingo, were selected as those considered to have the highest potential for continuity of gold mineralization at a significant grade and width. The structures hosting gold mineralization on both prospect areas are shallow dipping (maximum 30 degrees), and therefore have a large shallow​-​buried tonnage, making them amenable to open pit mining.
Gold mineralization in the Segovia project is mesothermal in origin and is hosted by the Guyape Suture Zone; a belt of Palaeozoic aged rocks dominated by soft graphitic schist. Metallurgical testwork undertaken by SGS Laboratories, Canada on oxidised and partially oxidised gold mineralized material from Condor’s Arras Prospect achieved 92% to 93% gold recovery from a bottle roll cyanide test. This indicates that this material is amenable to processing by direct cyanide leaching with carbon.
San Albino & Arras Prospect Area
Trench sampling has discovered the surface expression of the gold mineralised structure above the historical San Albino underground mine workings, with high grade intercepts returned over a 200m strike length, including:
  1. 4 metres trench intercept (2 metres true width) at 6.62g/t gold in trench SACT024
  2. 1 metre at 41.8g/t gold in trench SACT027
  3. 1.5 metres at 11.3g/t gold in trench SACT031
  4. 5 metres trench intercept (2 metres true width) at 37.2g/t gold from trench SATR062 including 1 metre (0.4m true width) at 158g/t gold
In this area the gold mineralization is largely obscured at surface by a locally thick cover of colluvium and mine waste. Improved topographic data, coupled with an improved understanding of the geological controls on gold distribution enabled the exploration team to better predict the location of the mineralization at surface and more effectively target exploration trenches and pits. With this new information, the surface expression of the San Albino structure has now been intercepted by trench sampling over a 600 metre surface strike length and remains open along strike in both directions. Further trench sampling will be required to confidently model the variations in width and grade along strike as the trench spacing varies between 40 metres and 300 metres within the defined 600 metre strike length.
Condor is encouraged by the high grade of the recent trench results at San Albino, and the indication of a significant strike length. A drilling programme would be expected to add significantly to the Arras Resource, which currently stands at 78,000 ounces gold at 5.1g/t, located on a parallel structure only 300 metres away. The surface expression of the Arras Resource has a strike length of only 230 metres, less than half of that indicated at San Albino.
Santo Domingo Prospect
The Santo Domingo structure, located 12 kilometres north​-​west of the Arras Resource, is characterised by a two to three metre thick shallow dipping (20 to 30 degree) massive white quartz vein that has been found in outcrop at four locations over a strike length of approximately 1,000 metres in an area of high topographic relief. The massive quartz vein hosts low grade gold mineralization with typical true width intercepts returned from channel sampling using a portable rock saw such as:
  1. 1.65 metres at 1.06g/t gold from outcrop number MUTR006b, and
  2. 1 metre at 2.67g/t gold from outcrop number MUCT022.
More significantly, high​-​grade intercepts and visible gold have been recorded in a quartz​-​veined shear zone in the footwall contact of the massive quartz vein. The full width of the gold mineralised footwall shear zone has not yet been defined; however outcrop channel sampling has defined an unconstrained best intercept of:
  1. 1 metre at 14.2g/t gold, unconstrained to depth, from channel sample MUCT006b.
The continuity and thickness of the quartz vein is unusual in this region suggesting that this may be a major regional structure and possible primary conduit for the original gold​-​bearing fluids. The potential for continuity of gold mineralization over a significant distance along such a large structure is significant, and the visible gold discovered in the massive quartz vein’s footwall is evidence that high​-​grade gold mineralization is present.
Segovia Project Potential
In addition to the exploration undertaken on the two top ranked prospects, Condor remains excited about the potential of a number of other prospects. A limited amount of trenching has recently been completed at these sites with the following significant intercepts returned;
  1. 1.5 metres at 4.81g/t gold from 0m from exploration pit PECT006 at El Perico prospect, located 9 kilometres north​-​west of the Arras Resource.
  2. 1.5 metres at 3.47g/t gold from 0m from MUCT014 in the Matasano Prospect located less than 2 kilometres from the Santo Domingo Prospect and 13 kilometres north​-​west of the Arras Resource.
The Segovia project is in the early stages of exploration. Only 5,000 metres strike length of gold mineralization has confidently been delineated to date out of a 15 kilometre long corridor within which two or three parallel gold mineralised structures commonly occur, such as at the San Albino​-​Arras prospect area. Based on the distribution of anomalous rock chip samples the combined strike length of gold mineralization is likely to be between 20,000 and 30,000 metres. Condor remains optimistic that several more structures with the width and grade encountered in the Arras Resource remain to be discovered, and the potential remains for the Segovia Project area to host a world class mining operation.
Technical note: Most stated gold intersections were sampled near to perpendicular to the direction of mineralization and are considered approximately true width. Where sampling was substantially oblique to the direction of mineralization a calculated true width is also given.
Qualified Person’s Declaration
The information in this announcement that relates to Exploration Results is based on information compiled by and reviewed by Dr Luc English, the Country Exploration Manager, who is a Chartered Geologist and Fellow of the Geological Society of London, and a geologist with over 13 years of experience in the exploration and definition of precious and base metal Mineral Resources. He has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Qualified Person as defined in the March 2006 Edition of the AIM Guidance Note for Mining, Oil and Gas Companies. He consents to the inclusion in the report of the matters based on his information in the form and context in which they appear and confirms that this information is accurate and not false or misleading.
-​ Ends ​-
Enquiries:
Condor Resources Plc
Mark Child, Chairman
+44 (0) 20 7408 1067
Ambrian Partners Limited
Hugh Oram
+44 (0) 20 7634 4700
Farm Street Media
Simon Robinson
+44 (0) 7593​-​340107
About Condor Resources Plc:
Condor Resources plc is an AIM listed exploration company focused on developing natural resource projects in Central America. The Company was admitted to AIM on 31st May 2006 raising £4.9m to prove up JORC Resources in Nicaragua and El Salvador. Condor has two 100% owned licenses and the option to earn an 80% interest in a further three licenses contained within four project areas within Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas.
Since Admission to AIM, Condor has increased its JORC compliant resources from 354,500 ounces of gold and 18.3 million ounces of silver to 891,000 ounces of gold and 22.3 million ounces of silver. The Resource calculations are compiled by independent geologists Ravensgate and Geosure.
Condor raised £2,000,000 before expenses in July 2008, which will allow the Company to continue developing its existing gold and silver projects in Central America and identify opportunities in the natural resource sector in other geographical locations.
Source: London Stock Exchange Regulatory News Service
27/11/2008 15:44
Condor Resources PLC:  Exploration Update for Nicaragua
Condor Resources PLC
27 November 2008

Condor Resources Plc
7th Floor
39 St. James’s Street
London
SW1A 1JD
Telephone +44 020 74081067
Fax: +44 020 74938633
This information is provided by RNS
The company news service from the London Stock Exchange

END

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Vandals destroy statues of Immaculate Conception in Managua

Posted on 28 November 2008 by nicaraguanpost

" target="_self">CNA).- Two statues of the Immaculate Conception of Mary, the principal Marian devotion in Nicaragua, were destroyed by vandals this week in the capital city of Managua.

According to news reports, the destroyed statues were placed in the streets and have been used for political purposes by supporters of the government.

Father Rolando Alvarez, director of Radio Catolica, told reporters, “We don’t know who did it, but we do know what they did.  They destroyed in darkness and without mercy a symbol of the Catholic faith of millions of people in the nation, because each blow against the Virgin Mary is a blow against millions of Nicaraguans.”

“This is called profanation, he said. It has no other name and the only thing to do is pray for those who carry out such hatred against the symbols of the Church.”  Father Alvarez demanded that the statues be removed from the streets, “where they are exposed to the mocking and disrespect for an entire Catholic nation.”

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Mayorga back in the ring Valentines day

Posted on 27 November 2008 by nicaraguanpost

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Undefeated junior middleweight sensation ALFREDO “Perro” ANGULO of Mexico, has picked up the scent of his next victim – former world champion Nicaragua’s Ricardo Mayorga. The Angulo-Mayorga junior middleweight rumble will take place on February 14, 2009 – Valentine’s Day – and will be televised live on HBO. “I’m going to leave forget-me-knots all over his nicotine-stained face,” growled Angulo, whose nickname “Perro” translates to “dog” in English. “Mayorga isn’t going to have to wait until the last second to get knocked out like he did with Shane Mosley. I’m going after him like a dog on a bone the second the first bell rings. He is so done.” Added Gary Shaw, Angulo’s promoter, “I don’t know what possessed Mayorga to accept this fight. Maybe they should be checking the contents on of his cigarettes!”Angulo (14-0, 11 KOs), of Mexico is riding a 10-bout victory-by-knockout streak dating back to 2006. The former Mexican Olympian is currently world-rated No. 3 by the WBC, No. 5 by the WBO and No. 8 by the IBF. Mayorga (28-7-1, 22 KOs), from Nicaragua, has a resume that boasts victories over Vernon Forrest, Fernando Vargas and Andrew Lewis and world titles in the welterweight and super welterweight divisions.

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Travel Through the Region of Carazo

Posted on 27 November 2008 by nicaraguanpost

It is strange how the names of the larger cities that are located in the Carazo department are more familiar to travelers than the department itself. The capital city, Jinotepe, and cities such as San Marcos and Diriamba are well known destinations in Nicaragua, however, their department remains a mystery and almost invisible to many. Located near to Managua, most of the department is situated at approximately seven hundred meters above sea level and is home to an estimated hundred and seventy thousand residents.

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