Saturday, January 1, 2005

Santa Monica

April 01, 2008.

Summary

click to download in pdf.
Santa Monica is adjacent to the La Preciosa project optioned by Orko from GoldCorp Inc. The Santa Monica Property covers over 17,285 hectares and is located approximately one hour and a half away by paved road from the City of Durango, in Durango State, Mexico. Currently, interpretation of recently completed field programs is underway.

Objective

To Locate a vein system like San Sebastian Mine (Hecla Au-Ag mine)

Strategy
  • First Step: Regional quartz float sampling survey (Completed)

  • Second Step: Local grid Geological Mapping, geochemical sampling (Completed)

  • Third Step: Diamond drill program of initial target areas (Planned)

Available Data: Geophysical survey (I.P.); soil sample results, geological maps

A drilling program is expected to commence in the near future to test anomalous areas developed from the geophysical surveys, geochemical sample and geological mapping.

San Sebastian Mine
Discovery Method:

  • Regional quartz float sampling survey

  • Local grid each 25 meters sampling trenches

  • Diamond drill program of initial target areas (70 ddh)

Annual Production: 80,000 oz Au Eq.
Cut-off: 4 gr.
Recovery: Ag 90%, Au 96%
Average Grade: 17 gr Au Eq.
Staff: 150 people (included 12 geologists)

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