Five companies released drill results from their projects in Mexico. GoGold Resources took the lead with its high grade gold and silver long intercepts at is structurally controlled low to intermediate sulfidation Los Ricos South project in Jalisco. Still, Pan American’s La Colorada Skarn system in Zacatecas, an emerging world class deposit, takes the credit of showing several good grade intervals over 100 m long, dominating by far the lead and zinc categories, and bearing relevant results in silver and copper. Current results are from infill and exploration holes. An example of the exploration potential is one hole drilled 250 m from the closest previous drilling, which returned 27.10 m averaging 125 ppm Ag, 0.06% Cu, 1.0% Pb, 2.7% Zn.
Bendito’s Alacrán project in Sonora is an interesting property, with high sulfidation mineralization related to a porphyry copper system. The present results are from the Puerto de Oro and San Simon targets, characterized by “sub-vertical hydrothermal and crackle breccias, up to 25 meters in width, that crosscut multiple sub-horizontal layers of early residual and vuggy silica varying from a few meters to 50 meters in thickness. The host rock is a volcanic pile of andesite-dacite composition that exhibits mostly alunite-dickite alteration assemblage”.
Infinitum Copper’s La Adelita project in Sonora is a copper skarn system, with the latest results coming from the drilling of a magneto telluric geophysical anomaly which stretches for 1.4 km and up to 200 m in width. Silver Tiger’s results are from the sulfide zone of its El tigre project in Sonora. This is also an interesting intermediate sulfidation system with strong silver-gold in veins, disseminated gold in favorable volcanic layers and now the Sulfide Zone with strong Pb-Zn and moderate to strong silver and moderate copper values over sizable widths in the contact between the crystalline basement and the base of the volcanic pile.