La Lorena

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MUNICIPIO SAN FELIPE, GUANAJUATO MEXICO

La Lorena is located 35 km north of the famous 1.3 billion ounce silver producing Guanajuato Silver Mining District within the Fresnillo Silver Trend and was identified from field work as a Juanicipio look-alike and staked in early 2008. Lorena displays similar surface alteration and trace element geochemistry is of the same magnitude that defined the active structures drilled at Juanicipio and Valdecañas. A past producing kaolin (clay) pit forms from the centre of the target and clearly marks the top of a hydrothermal system common to the genesis of the majority of the producing veins of the Fresnillo Silver Trend. Lorena is dominated by a large open pit where an estimated 150,000 tonnes of very pure kaolinite and alunite were produced prior to 1990. This alteration is developed along a strong NW structural system marked by pervasive silicification with silver-arsenic-mercury anomalies.
Six initial holes drilled from the northeast side of the principal structure, where MAG had obtained surface access for drilling. All cut narrow veinlets and silicified zones with anomalous gold (50-200 ppb); silver (3-10 ppm); lead (100-300 ppm) and zinc (100-450 ppm) values, but overall results indicate that the principal structure dips southwest and future drilling needs to be done from that side of the system.