Torex Gold, Capitan Mining and Almadex Minerals released drilling results from their properties this week. The drilling intercepts from Torex’s El Limón Guajes project in Guerrero are nothing short of impressive, with 15.96 m running 87.60 gpt Au. At 1,398 gpt *m, this is the highest result in the year for projects in Mexico. For many companies obtaining intercepts a tenth of those, either on length or value, would still be considered good results. El Limón Guajes is one of the representative icons of the Guerrero Gold Belt, along with Media Luna and Los Filos-Nukay, where igneous bodies have generated skarns while intruding Mesozoic sedimentary rocks of the Cuautla, Morelos and Mezcala Formations. The current results come from drilling at El Limón Sur to evaluate for new zones at the open pit and following up underground mineralization below the pit. “At El Limón Sur Deep, mineralization is hosted in a skarn zone formed at the top and along the flanks of a steeply dipping body of marble, surrounded by granodiorite and underlying the El Limón Sur Upper pit mineralization… The skarn zone is well developed in the upper part of the marble block, where it reaches horizontal widths locally over 70 meters, Along the vertical flanks of the marbles block, widths are smaller and up to 25-30 meters…… characterized by gold, with locally high silver and copper grades. Gold occurs in variably sulfidized, pyrrhotite-rich skarn, while silver and copper mineralization is controlled primarily by the degree of sulfidation of the host skarn. Mineralization is
mainly associated with retrograde alteration characterized by the occurrence of phlogopite, amphibole, chlorite, calcite and lesser amounts of quartz and epidote, and local magnetite”.

Capitan Mining released results from historic drilling on the newly acquired ground adjacent and on projection of the epithermal intermediate sulfidation mineralization at its Cruz de Piedra project in Durango. Almadex released results from the first hole at the San Pedro project in Jalisco describing a breccia with silicified fragments in sericitic alteration, with galena and sphalerite occurring in the matrix and in fragments. These characteristics point to an intermediate sulfidation epithermal system, although other options have not been ruled out at this stage. “The San Pedro project covers a large area of acid sulphate alteration, including zones previous described as vuggy silica. Recent Terraspec analysis indicates sericitisation superposed on propylitic alteration in the mineralised zones with acid sulphate alteration occurring at the north”.