Properties

 

Montaña de Oro

The Montaña de Oro Project is a 26,516 hectare property located 25 kilometers south of Coeur D'Alene's Palmarejo mine and 20 kilometers north of Pan American Silver's Alamo Dorado mine, in addition to several other advanced precious metal projects.  Currently, 17 areas of gold mineralization and a carbonate replacement discovery at La Concepcion have been identified on the property.  As well, four undrilled copper porphyry style targets which includes Subilimaya, La Mora, Baboyahui and Chapote.

Historic drill results include: 4.8 meters averaging 9.58 g/t Au and 121.78 g/t Ag with 1.45m at 35.6 g/t Au and 93 g/t Ag at the El Rodeo and Violeta vein target, 3.05 meters averaging 3.1 g/t Au and 108.28 g/t Ag at the Don Pancho vein target, and 4.47 meters averaging 30.3 g/t Ag, 16.5% Zn and 0.97% Cu at La Concepcion.

La Bufa

The 23,279 hectare La Bufa Property is located along the prominent ENE trend of significant mineral deposits including Goldcorp's El Sauzel gold mine, MAG Silver Corp's Batopilas Property and Pan American Silver's Alamo Dorado mine.  Between 1947 and 1958, the Carmen deposit on the property produced approximately one million tonnes of ore grading 2.9 g/t Au, 2.5% Cu and 2.8 g/t Ag.  There is potential for a near surface small tonnage low grade deposit near the Carmen Mine.

Multiple mineralized veins have been identified near the historic workings with the veins being vertically zoned and containing greater gold and silver values in the upper levels of the mine, grading progressively deeper into the high grade copper mineralization.  Individual veins have been developed in an en echelon fashion within the host structure and are typically one to three meters in width.  The property has potential for high grade copper- gold veins which have not been explored by previous operators.

Lluvia de Oro

Lluvia de Oro is located 30 kilometers east of the Montaña de Oro Property and situated along the same ENE trend as the La Bufa Property.  Historic records of the 391 hectare property indicate that between 1898 and 1915, and during the early 1950s, approximately 100,000 tonnes of ore was mined, averaging 95 g/t Au and 865 g/t Ag.  Underground samples from the property averaged 4.65 g/t Au and 32.71 g/t Ag including 45.6 g/t Au over 1.6m.  The high grade values of gold and silver mineralization at Lluvia de Oro occurs both as broad disseminated zones up to 35 meters in width developed as mantos in silicified limestone and in discrete veins up to 12 meters in width in limestone, dacite porphyry and andesite.