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Projects
Current Projects
Project Details
On April 4, 2005 the Company announced the signing of a letter agreement for the establishment of an exploration Joint Venture covering the Company's wholly-owned 7,679 hectare Juanicipio Property in Zacatecas, Mexico with Peñoles. The formal agreement was signed in early October 2005 with the effective date and anniversary date of July 01, 2005.
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Project Details
At Lagartos North West, (Cerro Cacalote) the Company began their exploration for covered Fresnillo-style epithermal veins with compilation of regional geological data, air photo and satellite image analysis and interpretation. This led to the Company staking the Lagartos properties because they lay along the trend, close to the Fresnillo and Zacatecas mining districts, and show strong geological similarities to those districts. The success of the Valdecañas Vein discovery at Juanicipio has greatly enhanced the understanding of this highly productive and under explored region and management believes that lessons learned at Juanicipio should help the Company make additional discoveries in the Fresnillo trend.
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Project Details
At Batopilas a ten-hole 2500 metre drill program was initiated in the fall of 2005 to test preliminary drill targets and help refine the exploration methods the Company was developing to explore its holdings in the Batopilas silver district. This program was expanded to 12 holes and 3,025 metres were drilled to March 31, 2006. In the current period to date the Company has completed an additional 2,907 metres of diamond drilling.
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Project Details
Cinco de Mayo is a 5,000 hectare Carbonate Replacement Deposit ("CRD") prospect located in Chihuahua State. It occurs proximal to the highly favorable western edge of the Chihuahua trough which hosts several large (all greater than 25 million tonnes), operating mining districts including Naica, Santa Eulalia and Bismarck.
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Project Details
At Guigui, the 2005 drill program followed up on the intersections of extensive alteration, structure and mineralization encountered in the 2004 program. (i.e. 131 ppm Ag over 8.30m or 4.2 opt Ag over 27 feet). The drill area is located about 1.2km south of Grupo Mexico's operating San Antonio Mine and about 650m south of their nearest underground infrastructure. The target area is situated within the San Antonio Graben, a prominent N-S structural feature that hosts and controls the mineralization at the San Antonio Mine.
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Project Details
At Sierra de Ramirez, located in Durango State, this 15,000 hectare property has seen little modern exploration. A historical producer of high grade silver and base metals, this district is emerging for The Company as a large scale CRD target. Metal zoning studies have identified three mineralized zones where work is presently underway to better define these zones through mapping, geochemical sampling in tandem with structural and alteration studies. This resulted in the recognition that acquisition of additional land is desirable before higher profile exploration work can begin. This acquisition was underway by period's end.
» Back to top Read more- JUANICIPIO PROPERTY
- LAGARTOS PROPERTY
- SELLO PROPERTY
- BATOPILAS PROPERTY
- CINCO DE MAYO PROPERTY
- GUIGUI PROPERTY
- SIERRA RAMIREZ PROPERTY
