Project Generation of targets in cancelled mining concessions

In June of 2015 the government published in the  federation journal (Diario Oficial de la Federacion, or DOF) the release (known as “libertad”) of about 120 concessions for staking, after a hiatus greater than 2 years on publications. The Mexican exploration industry is awaiting the release of several thousand cancelled and relinquished concessions and applications for concessions, same that cover several million hectares of prospective terrain.

Coupling the use of our database with the online government concession cartography (Sistema de Administracion Minera, or SIAM), the prospectivity of the ground to be released (become “libre”) is straightforward. For some selected states, Gambusino Prospector already has defined several hundred prospects of interest (by earlier field visits, old reports, news releases, high grade rockchip samples, etc).

We believe that this is the time for companies to get valuable properties for little investment, and the likely release of sizable ground will open the opportunity to those that take the chance.

In the next three slides you can see how you can go from just knowing which concessions become open, to the zeroing in a property that has a 43-101 report (La Silla), and resources, becoming available for staking. Even without the technical report you can tell there are high grade assays from SGM rockchip samples.

Libertades June 2015Libertades June 2015a Libertades June 2015b

 

 

In the next table is shown an example of how the target database displays valuable information. Please note that the SIAM website does not show claim applications, therefore any ground seemingly open might have an application pending to be titled. The only way to clarify a situation like this is by a registered landsman (perito minero) to review in person the information at the local mining agency.

Targeting on cancelled ground1