Highlights on the First Week of October, 2017. Mineral Exploration in Mexico

During the 40th week of the year (October 2nd to October 8th, 2017), at least 25 press releases were announced by companies working in Mexico, including two quarterly reports. ON MEXICO ISSUES: a blockade to Goldcorp’s Peñasquito mine entrance in Zacatecas was lifted by assembling a government sponsored round table to assess protesters arguments. ON EXPLORATION: Activity seems to be gaining pace, with ten companies presenting press releases on their properties. In Sonora, Silver Viper has commenced the first drilling campaign on its Clemente project; Aztec Minerals disclosed interesting Au-Cu values from trenches at its Cervantes project; Canuc Resources released drilling results from its San Javier property. In Chihuahua, Sierra Metals informed on thick high-grade intercepts from drill testing deep geophysical targets at its Bolivar mine; Radius Gold disclosed initial rock chip sampling from its Los Tarros property; Harvest Gold announced exploration results on the Cascaritas prospect within its Cerro Cascaron project. In Sinaloa, Santana Minerals released metallurgical results from its Cuitaboca property. In Zacatecas and San Luis Potosi Alset Minerals released lithium and potassium results from auger drilling on 13 additional salars. In Veracruz Almadex Minerals disclosed good assay results on a long interval of its last hole at El Cobre; Mexican Gold informed that the first hole of a new drill campaign at its Las Minas property intersected two mineralized intervals containing chalcopyrite and bornite. ON MINING: Telson announced that mill clean up and refurbishment is nearing completion at its Campo Morado mine in Guerrero. US Antimony is to increase production at three of its four mines in Mexico. Americas Silver produced its first lead and zinc concentrates from the San Rafael mine in Sinaloa. Alio Gold and Coeur Mining presented third quarter 2017 reports.  ON FINANCING: Southern Silver closed the final tranche of its private placement, raising $502 K; Azure Minerals is to seek shareholder approval to share consolidation. ON RESOURCES AND DEVELOPMENT: Candelaria Mining retracted the environmental permit on its Caballo Blanco project in Veracruz.  Kootenay Silver announced assay results from drilling by partner Pan American Silver on its La Negra prospect in Sonora. ON DEALS AND CORPORATE ISSUES: Magellan Resources announced that its purchase of the SDA mill in Nayarit remains on track to completion. Radius Gold signed a binding agreement with a private Mexican company on Los Tarros property in Chihuahua. Prospero Silver received authorization from the TSX on a related third party agreement.

ON MEXICO ISSUES

  • Goldcorp suffered entrance blockades at Peñasquito, in Zacatecas. For a week the entrance to the Peñasquito mine in Zacatecas was blocked by protesters. The blockade was terminated by the establishment, aided by the federal government, of a round table to discuss the protesters grievances. The table is to be leaded by the Zacatecas State government.

ON EXPLORATION

  • Silver Viper Minerals Corp. has mobilized a drill rig to its Clemente project in Sonora. The drill program envisages 2,000 m of diamond core drilling, focusing on the El Mundo and Nuevo Mundo areas, where Ag-Au-base metals mineralization is hosted by quartz shear veins, quartz stockworks and hematitic vein breccias. The best sample to date is from the El Mundo area is 0.5 m wide @ 1,895 g/t Ag, 4.46 g/t Au, 1.9% Pb, 1.6% Zn. The environmental permit for drilling has been approved, with land and access permit agreements in place.
  • Kootenay Silver Inc. reported that Aztec Minerals Corp. disclosed attractive sampling results from trenching in the Jasper prospect at the Cervantes property in Sonora (which is under option from the former by the latter). The new manual trenching connected two previous trenches, extending Cu-Au-Mo mineralization for 92.3 m @ 0.52% Cu, 0.62 g/t Au, 76 ppm Mo, staying open in both directions. The rock is highly leached quartz feldspar porphyry with chrysocolla and neotocite as oxide copper minerals. A 50 by 50 m soil grid was completed over the Jasper project.
  • Alset Minerals Corp. released results from auger sampling on 13 additional salars in Zacatecas and San Luis Potosi. “Of the 13 salars sampled, 9 had average lithium grades exceeding 200 ppm, with 4 salars averaging lithium grades of around 400 ppm and higher…”. Dry lake sediment samples were collected using a hand-held motorized auger, or a hammer and hollow-tube sampling method, and assaying the material collected between 0.5 and 1.0 m of depth. The Caliguey salar averaged 769 ppm Li and 3.4% K; the Hernandez salar averaged 556 ppm Li, 1.6% K; the Chapala salar averaged 416 ppm Li, 1.2% K.
  • Almadex Minerals Ltd. disclosed assays for the last hole at the Norte area of its El Cobre property in Veracruz. Noteworthy intervals comprise 481.65 m @ 0.67 g/t Au, 0.27% Cu, including 187.25 m @ 1.02 g/t Au, 0.33% Cu (from 354.00 to 541.25 m). The hole was drilled to test for continuity of mineralization between two other holes within the area.
  • Sierra Metals Inc. informed that the first four holes to test 22 high priority targets identified with the recently completed Titan 24 geophysical survey intersected wide high-grade copper bodies in three different zones with no previously known mineralization. The intercepts include 25.3 m @ 0.38 g/t Au, 31 g/t Ag, 1.55% Cu, 1.95% Zn; 28.65 m @ 0.34 g/t Au, 34 g/t Ag, 1.97% Cu, 0.91% Zn; 13.05 m @ 1.79 g/t Au, 37 g/t Ag, 2.05% Cu; 33.4 m @ 0.10 g/t Au, 32 g/t Ag, 1.04% Cu, 0.20% Zn. The four intercepts are deep seated, between 340 m and 492.90 m in the core, along length (Note of compiler.- This seems a significant discovery).
  • Canuc Resources Corp. announced that the third hole at its San Javier project in Sonora intersected the Santa Rosa vein in two splays, the first with 0.37 m @ 156 g/t Ag, 0.39 g/t Au, 1.0% Pb, 5.6% Zn, and the second with 1.48 m @ 1,514 g/t Ag, 2.91 g/t Au, 4.2% Pb, 5.6% Zn. Canuc has concluded the agreement to acquire the Tule 1 concession, which envelops the property to the NE, adding considerable strike length to the Santa Rosa vein. In the NE land package is the Carranza breccia zone, with 11 m @ 274 g/t Ag on the surface, and the Cerro Colorado breccia zone, with 11.3 m @ 285 g/t Ag.
  • Radius Gold Inc. has signed a binding agreement with a private Mexican company to option the 473 has Los Tarros project in Chihuahua. Several breccia bodies occur within a 3.5 km by 1 km area, with the largest breccia exceeding 250 m by 250 m. The volcanic hosted explosive breccias are cemented by silica and iron oxides. The average of 26 samples collected is 1.42 g/t Au, 66 g/t Ag. At the Rosario breccia (>150 m by 60 m) an old pit returned 10 m @ 2.95 g/t Au, 18 g/t Ag, staying open in all directions. Other significant breccia bodies include Regalito, La Bufa (the only one hosted in granodiorite), San Nicolas and San Miguel.
  • Mexican Gold Corp. informed that step-out drilling at its Las Minas property in Veracruz intersected two intervals of chalcopyrite-bornite-magnetite mineralization in the first hole drilled beyond the current western limit of the El Dorado/Juan Bran zone. A 3.0 m interval contains magnetite and an estimated chalcopyrite content of up to 3% by volume. An 8.0 m interval further downhole is a mineralized exoskarn with up to an estimated 5% chalcopyrite by volume, and visible bornite and magnetite. Assays are pending on these core-length intervals.
  • Santana Minerals Ltd. reported good results from initial metallurgical test work on composite samples from three drill holes from the Mojardina prospect at its Cuitaboca project in Sinaloa. A 75 micron, 48 hours, bottle-roll standard carbon in leach test on the three holes returned 93.1%, 95.3%, 98.4% silver recoveries respectively; the rougher flotation test achieved 93.6%, 88.2%, and 86.8% silver respectively.
  • Harvest Gold Corp. identified six silver-rich polymetallic veins at the Cascarita prospect of its Cerro Cascaron Project in Chihuahua. High grade silver with strong Pb and Zn values were sampled in historic adits. The six veins are within a 900 m by 300 m corridor, attain up to 3.3 m in width and display colloform and drusiform quartz textures, as well as local amethyst quartz. Vein textures indicating boiling are preserved at one of the veins, as quartz pseudomorphs after bladed calcite. Results include 1.4 m @ 114 g/t Ag, 5.2% Pb, 1.3% Zn; 2.0 m @ 127 g/t Ag, 8.7% Pb, 0.5% Zn; 2.3 m @ 311 g/t Ag, 1.6% Pb, 0.3% Zn; 2.1 m @ 245 g/t Ag, 6.4% Pb, 0.5% Zn; 3.3 m @ 104 g/t Ag, 2.4% Pb, 0.5% Zn.

ON MINING

  • Telson Resources Inc. announced that mill clean up and refurbishment is nearing completion at its Campo Morado mine in Guerrero. Underground mining is being ramped up, having delivered 25 K tonnes to the coarse ore patio. Ore crushing is operational, putting 5 K tonnes to the crushed ore stockpile. Commercial production at a 1,400 tonnes per day (tpd) is projected to be achieved during October, while production levels to the 2,500 tpd mill capacity is to take 6 to 12 months.
  • United States Antimony Corp. plans to increase production at three of its four mines in Mexico. At Wadley, in San Luis Potosi, the gravity mill will process lower grade ore (not direct shipping ore), which could results in a 25-50% increase in production. At Soyatal in Queretaro, direct shipping ore is to be produced once new powder magazines are built. In Zacatecas a mine road to the Guadalupe mines is to be repaired, allowing mining to be resumed at the Santa Monica mine. The Los Juarez mine in Queretaro is awaiting a permit from SEMARNAT for the cyanide circuit at the Puerto Blanco mill.
  • Americas Silver Corp. announced that the first lead and zinc concentrates produced from its San Rafael project at its Cosalá operation in Sinaloa were produced during the last week of September. Commercial production is expected to be reached before the end of the fourth quarter, when the Nuestra Señora mine is expected to enter in care and maintenance.
  • Alio Gold Inc. released 3rd quarter preliminary production results from its San Francisco mine in Sonora. 1.9 M tonnes of ore @ 0.40 g/t Au and 5.2 M tonnes of waste were moved (3.15 waste to ore strip ratio) to produce 19,429 Oz Au, 8,808 Oz Ag. Production guidance stays on track to produce 88 -90 K Oz Au during 2017.
  • Coeur Mining Inc. disclosed third quarter 2017 production results, including figures from its Mexican operations. At Palmarejo, in Chihuahua, 413.1 K tonnes were milled @ 172 g/t Ag, 2.49 g/t Au, achieving recoveries of 83.6% Ag, 83.1% Au, to produce 1.91 M Oz Ag, 28,948 Oz Au

ON FINANCING

  • Southern Silver Exploration Corp. closed the final tranche of its previously reported private placement, for gross proceeds of $502 K. The three tranches gathered total gross proceeds of $3.58 M (Cerro Las Minitas, Durango).
  • Azure Minerals Ltd. is to seek shareholder approval for consolidation of the issued capital through the conversion of every twenty existing shares into one share.

ON RESOURCES AND DEVELOPMENT

  • Candelaria Mining Corp. decided to retract the environmental permit for the Caballo Blanco project in Veracruz, citing the current political climate and upcoming state and federal elections. “…The postponing of the permit will allow Candelaria to optimize certain aspects of the project and improve upon existing and establish new relationships with our stakeholders. “
  • Kootenay Silver Inc. announced the results of 13 infill drill holes completed by Pan American Silver Corp. on its La Negra property in Sonora. Highlighted intercepts are 34.3 m @ 159 g/t Ag (including 8.2 m @ 306 g/t Ag); 17.1 m @ 192 g/t Ag (including 3.55 m @ 597 g/t Ag); 48.7 m @ 281 g/t Ag (including 1.95 m @ 3,004 g/t Ag, 1.0 m @ 2,146 g/t Ag, 5.35 m @ 558 g/t Ag); 21.0 m @ 274 g/t Ag (including 1.1 m @ 3,018 g/t Ag); 31.8 m @ 403 g/t Ag (including 8.85 m @ 1,098 g/t Ag); 29.25 m @ 138 g/t Ag; 38.7 m @ 289 g/t Ag (including 7.6 m @ 674 g/t Ag); 76.35 m @ 236 g/t Ag; 53.8 m @ 174 g/t Ag (including 12.15 m @ 308 g/t Ag); 5.35 m @ 571 g/t Ag.

ON DEALS AND CORPORATE ISSUES

  • Magellan Gold Corp. announced that its purchase of the SDA mill in Nayarit is on track to be closed by the end of October 2017.
  • Radius Gold Inc. has signed a binding agreement with a private Mexican company to option the 473 has Los Tarros project in Chihuahua. Radius can earn a 100% interest in the project by making an immediate payment of US5 K, and staged payments over four years totaling US$1.68 M, of which US$1.2 M is a final payment at the end of the four year period. A 2% NSR can be bought by Radius for US$1 M for each 1%.
  • Prospero Silver Corp. has received TSX approval of the option to own agreement with Exploraciones Altiplano S.A. de C.V. regarding Altiplano’s Buenavista claims in Durango. The agreement constitutes a “related party transaction” under the TSX policies.

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture below, the Peña Colorada mine pit in Colima. Photo by Jorge Cirett.

DSC00863c - copia

San Marco Identifies High Priority Drill Targets on the 1068 Project: Samples in Road Cuts up to 0.76% Copper, 2050 ppm Molybdenum and 0.17 g/t Gold

https://www.sanmarcocorp.com/news/2017/san-marco-identifies-high-priority-drill-targets-on-the-1068-project-samples-in-road-cuts-up-to-0.76-copper-2050-ppm-molybdenum/

Vancouver, B.C. – September 26th, 2017  : San Marco Resources Inc. (SMN: TSX-V) (“San Marco”) announces the results and recommendations of recent exploration on its 1068 Project. The Project is an undrilled copper, molybdenum and gold porphyry system discovered from San Marco’s generative program (see news release dated January 19, 2017).

During construction of a preliminary access road to potential drill site areas, mineralization was noted in the roadway with copper values up to 0.76%, gold up to 0.17g/t and molybdenum up to 2050 ppm over 3 – 4 metre channel samples. Drilling is recommended after additional surface mapping and sampling is completed. Preparation for such work will commence immediately.

Exploration Highlights

Highlights of the exploration include;

  • Surface alteration and mineralized footprint has increased to 1.6 kilometres X 1.5 kilometres (“km”) and is open for expansion in at least two directions.
  • Poorly exposed erosional window into potassically altered mineralized intrusive (100 metres by 200 metres) is an obvious drill target.
  • Extensive phyllically altered and stockwork-quartz-veined volcanic lithocap (as above, 1.6 km X 1.5 km and open) may have created favourable conditions for sealing the system acting as a trap for fluids, enhancing the mineralizing process. Drilling through this volcanic cap is another obvious drill target.
  • Oxide copper occurs mainly in fractures and veinlets. Fresh sulphides (pyrite, chalcopyrite and molybdenite) were observed below the volcanic rock cap in potassic alteration.
  • Semi-continuous channel sampling over part of a newly constructed road cut ran 62 metres of 0.1% copper; 215 ppm molybdenum and 0.044 g/t gold. Sampling was limited to where the bulldozer was able to build the road and not necessarily cutting the best outcrop exposures.
  • Geochemical zonation suggests use of pathfinder elements as well as mapping alteration mineralogy can be utilized to vector to the best drill targets.

ROSE PETROLEUM PLC INTERIM REPORT FOR THE SIX MONTHS TO 30 JUNE 2017

http://www.rosepetroleum.com/userfiles/file/interim-results-for-the-six-months-ended-30-june-2017.pdf

The period under review has been a time of continued operational progress as the Board looks to position the Group to create value from the existing asset portfolio and to take advantage of other convincing market opportunities that will create value for shareholders, whilst conserving cash.
The recent period has been characterised by a notable operational achievement with the issue of the final permits for the 3D seismic shoot in the Paradox Basin, Utah. In addition, considerable progress has been made with the ongoing process of disposing of the Group’s SDA Mill in Mexico and it is currently anticipated that, subject to
funding, both the seismic shoot and the disposal of the SDA Mill will be completed by 31 December 2017. The Group also continues to explore potential opportunities in Cuba, focusing on both the oil and gas and building materials sectors.
The primary focus of the next period will be on the Paradox assets. The Board is committed to unlocking shareholder value from the Paradox acreage with a view to the commencement of a drilling programme in the second half of 2018, following the completion of the 3D seismic shoot. The Board continues to believe that the outlook for U.S.A. energy is extremely encouraging, and that a strategic focus on the Paradox acreage is the optimal way to deliver short-term value to shareholders.

Minera Alamos Begins Trading on the U.S. OTCQB

https://www.mineraalamos.com/news/?id=524

Minera Alamos Inc. (TSXV:MAI, OTCQB:VGMTF) (the “Company” or “Minera Alamos“) is pleased to announce it has received approval for an OTCQB listing in the United States.  The Company’s common shares now trade on the OTCQB under the symbol VGMTF.

“We are pleased to announce the conclusion of our efforts to elevate the status of our share trading in the U.S. to the OTCQB,” said Darren Koningen, President and CEO of Minera Alamos.  “The listing will provide enhanced access for the Company to investors in the world’s largest equity market.  Management believes it will also create a wider awareness of the Company’s ongoing progress as it advances the La Fortuna gold project towards production.”

Colibri Completes Acquisition of Canadian Gold Resources Ltd.

http://www.newswire.ca/news-releases/colibri-completes-acquisition-of-canadian-gold-resources-ltd-639505343.html

DIEPPE, NBAug. 9, 2017 /CNW/ – (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) has completed its previously announced acquisition of Canadian Gold Resources Ltd. (“CGR”) from ONTOP Capital Limited (the “Vendor”).  In accordance with the terms of the Share Purchase Agreement, Colibri acquired all the outstanding shares of CGR for an aggregate acquisition cost of $4,000,000, paid by way of issuance of 24,242,425 common shares (the “Consideration Shares”) at a price of $0.165 per share to the Vendor.

Colibri now owns 100% of the right, title and interest in Minera Bestep S.A. de C.V. (“Bestep”), a private Mexican company. Bestep holds 100% of the right, title and interest in the Pilar Gold Project (“Pilar Property”) and the Sun Project. Both properties are located near Suaqui Grande, Sonora, Mexico and neither property is subject to any royalties or encumbrances. The Pilar Property is 105 hectares in size and the Sun Property is 110 hectares in size. A report on the Pilar Gold Project prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (the “NI 43-101 Report”) has been prepared by Jamie Lavigne M.Sc., P.Geo, a Qualified Person under NI 43-101 and independent of the Pilar Gold Project. The Sun Project has been subject to preliminary exploration work. The NI 43-101 Report is available on SEDAR.

Immediately after closing, the Vendor distributed the Consideration Shares to its shareholders by way of a return of capital dividend.  As a result of such distribution, a new Control Person will be created as one of the shareholders of the Vendor, John Schiavi, will be holding or controlling Consideration Shares equal to more than 20% of the issued and outstanding common shares of the Company after giving effect to the Transaction.

Capstone Mining 2017 Second Quarter Production Results

http://s2.q4cdn.com/231101920/files/doc_news/2017/07/2017-Q2-Production-NR.PDF

Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced production results for the three and six months ended June 30, 2017. Combined production totalled 24,000 and 44,900 tonnes of copper in the second quarter and year-to-date periods, respectively, with additional by-products of zinc,
molybdenum, lead, silver and gold.
Q2 and YTD 2017 Copper Production (tonnes)
Q1 Q2 YTD 2017
Pinto Valley 11,300 15,500 26,800
Cozamin 4,100 4,100 8,200
Minto 5,500 4,400 9,900
Total copper production (1) 20,900 24,000 44,900
(1) Total production includes copper in concentrate and cathode production.
“All three of our mines produced according to plan in the second quarter,” said Darren Pylot, President and CEO of Capstone. “Pinto Valley set new quarterly, monthly and daily throughput records after returning to full operations from the heavy rain and maintenance activities early in the year.”
“Cozamin’s copper production once again outperformed and Minto continued to execute a mine plan that advances the operation towards an extended mine life into 2020 and potentially beyond,” continued Mr. Pylot.

Minera Alamos Announces Increase to Previously Announced Brokered Private Placement Financing

https://www.morningstar.com/news/canada-market-wire/MWR_urn:newsml:marketwired.com:20020408:201706121097026001_CAN/minera-alamos-announces-increase-to-previously-announced-brokered-private-placement-financing.html

Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce that as a result of positive institutional and retail demand for its previously announced best-efforts brokered private placement offering, the Company has amended the terms to increase the size of the offering to $4,500,000 (the “Upsized Offering“).

Under the terms of the Upsized Offering, the Company has entered into an amended agreement with Haywood Securities Inc., as lead agent on behalf of a syndicate of agents (collectively, the “Agents“), pursuant to which the Agents have agreed to sell, on a best-efforts private placement basis, up to 30,000,000 common shares of the Company (the “Common Shares“) at a price of $0.15 per Common Share (the “Issue Price“), for gross proceeds to the Company of $4,500,000. Minera Alamos has granted the Agents an option, exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing of the Upsized Offering, to sell up to an additional 20% of the Upsized Offering in Common Shares at the Issue Price.

Minera Alamos Announces Appointment to Board of Directors

http://www.marketwired.com/press-release/minera-alamos-announces-appointment-to-board-of-directors-tsx-venture-mai-2220865.htm

Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce the appointment of Ruben Padilla to its Board of Directors (the “Board“). Mr. Padilla is the appointee of Osisko Gold Royalties Ltd. (“Osisko“), pursuant to the investment agreement between the Company and Osisko. For further details, see the Company’s press release dated May 30, 2017.

“With his extensive experience, Ruben will be a tremendous addition to our Board of Directors,” stated Darren Koningen, President and CEO of Minera Alamos. “His technical and geological expertise in Mexico and the Americas will be invaluable as we aggressively expand our portfolio of exploration and development assets.”

MINERA ALAMOS ANNOUNCES STRATEGIC PARTNERSHIP WITH OSISKO GOLD ROYALTIES, CONCURRENT PRIVATE PLACEMENT AND CORPORATE UPDATE

http://www.mineraalamos.com/getnewsattachment.php?id=270

Toronto, Ontario, May 30, 2017 – Minera Alamos Inc. (TSXV: MAI) (the “Company” or “Minera Alamos”) is pleased to announce that the Company has entered into and completed an agreement with Osisko Gold Royalties Ltd (“Osisko”), pursuant to which Osisko has purchased, on a private placement basis, 22,045,000 common shares of the Company (the “Common Shares”) at a price of $0.15 per Common Share (the “Issue Price”) for gross proceeds of $3,306,750 (the “Osisko Placement”). As a result of the Osisko Placement, Osisko owns approximately 19.9% of the common shares of Minera
Alamos on a non-diluted basis.
Concurrent to the Osisko Placement, Minera Alamos is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood Securities”), as lead agent on behalf of a syndicate of agents (collectively, the “Agents”), pursuant to which the Agents have agreed to sell, on a best efforts private placement basis, up to 23,333,333 Common Shares at the Issue Price, for additional gross proceeds of up to $3,500,000 (the “Brokered Offering” and together with the Osisko Placement, the
“Financings”). Minera Alamos has granted the Agents an option, exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing of the Brokered Offering, to sell up to an additional 20% of the Brokered Offering in Common Shares at the Issue Price.

San Marco field crews expands Gold-Copper-Molybdenum porphyry system on the 1068 Project

https://www.sanmarcocorp.com/news/2017/san-marco-field-crews-expands-gold-copper-molybdenum-porphyry-system-on-the-1068-project/

Vancouver, B.C. – May 2nd, 2017: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or the “Company”) announces that results from ongoing geological mapping and prospecting have confirmed and expanded the size potential of Target #1068 in Sonora State, Mexico, elevating the target to project status.

San Marco field crews completed geological and alteration mapping, stream sediment and rock chip sampling and petrographic analyses of select samples on the 1068 Project, a porphyry Gold-Copper- Molybdenum system identified by the Company’s generative program (see News Release January 19th, 2017).

Program Highlights:

  • Mapping increased the phyllic alteration (quartz, sericite, pyrite) halo surrounding the potassic alteration core to 1000m X 450 m, and defined an internal zone of strong phyllic stockwork developed in the volcanic lithocap.
  • The primary target remains hypogene (sulphide) copper-gold-molybdenum mineralization hosted in feldspar/quart/biotite porphyry.
  • Initial exploration program complete
  • Surface access rights secured over main targets
  • Application for drilling approval from the Mexican Ministry of Environment and Natural Resources (SEMARNAT) in process.
  • Project is deemed to be drill ready.