|Location||El Jicaro Concession|
|Size of Target Area / Area Drilled||51 km2/ 0|
|Distance from Processing Plant||3 km|
|Targeted Mining Method||Open pit and underground potential|
|Targeted Metal||Au, Ag|
|Targeted zone||El Golfo, Pinel, Jicarito, Callejon, Tinico, Rivera, Porfirio|
|Deposit Type||Orogenic – High grade Au, shallow dipping 1-2m wide stacked veins|
According to historical documents, the El Golfo Mine in the northern portion of the El Jicaro concession was the most important mine in the area after San Albino. The operations were fairly similar in terms of grade and width of the gold veins. The mine was powered by a hydro-electric dam, had a stamp mill with 20 x 500 pound stamps. Production records are not available.
Soil sampling and comprehensive mapping and sampling over the entire concession has identified 7 target areas for drilling. The highest priority target is the El Golfo Mine area which covers approximately 2 km2
Currently the surface rights owner of the El Golfo area is extracting gold from the historical mine dumps.
In 2022, the Company will focus on surface rights negotiations in the El Golfo area. Once surface rights are negotiated, the Company envisions developing El Golfo in a manner similar to that applied at its San Albino Gold Deposit – using trenching and drilling to quickly and efficiently begin to outline resources.
The next phase of exploration consists of a trenching program, tracing the zones along strike and down-dip. Positive trenching results will be followed by an initial 10,000 metres of drilling and testing the down dip continuity of the mineralized zones identified by trenching.
The Company has completed a soil geochemical survey, along with a comprehensive and detailed mapping and sampling program of the entire concession. In late 2015, the Company conducted a trenching program at El Golfo area which consisted of 7 hand excavated trenches totaling 133 metres.
Within El Golfo area, the Company established four parallel mineralized zones, ranging from 700 m to 1.5 km in strike. Two of these trends appear to be a continuation of the gold geochemical anomalies at the Las Conchitas area, situated at the San Albino-Murra Concession.
Targets generated to date are nearly identical to the veins currently being mined at San Albino. The veins are NE-SW trending with a shallow NW dip and average 1.5 m thick. The veins are fractured and intensely oxidized, containing galena, arsenopyrite and visible goldand are hosted by moderately to strongly oxidized schists
Reconnassiance Highlights (Channel Samples)
- 5.5 m of 12.33 g/t Au and 25.6 g/t Ag
- 1.0 m of 19.00 g/t Au and 11.1 g/t Ag
- 1.5 m of 14.50 g/t Au and 10.6 g/t Ag
- 1.0 m of 17.00 g/t Au and 9.6 g/t Ag
- 1.5 m of 17.00 g/t Au and 9.7 g/t Ag
History & Milestones
- 2012 - April - Acquired 100% interest in El Jicaro concession
- 2013 - The Company received an environmental permit to conduct 100,000 metres of drilling and 20,000 metres of trenching.