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La Escondida Project

Summary: The Escondida project covers four anomalous areas within a 300 km long trend that unites three plus four million oz. gold deposits and one major silver-lead-zinc district in central Mexico. (see map)

Minas Año Tres Mil, S.A. de C.V. (MATM) is looking to option 100% of the project.

Background: Peñasquito (~22 million oz. Au), Camino Rojo (~4 million oz. Au), Charcas (major Pb, Zn Ag district) and Cerro San Pedro (~4 million oz. Au) deposits/districts are aligned along a 300 km linear trend (see map). The Escondida project consists of five non-contiguous concessions totaling 4,337 hectares that cover anomalies within the trend. Most of the area covered by the concessions is covered by transported overburden. The target is an intrusion related gold deposit that likely will also have some silver, lead, zinc or copper associated.

Results: Over 1,200 samples have been taken to date. Four major anomalies have been identified, in addition to several minor anomalies. The Palmera-Corazones Ag-Cu anomaly has a footprint of approximately 9 km2, the Cerrada Ag-As-Cd,-Cs(?)-Cu-Hg-Pb-Tl-Zn anomaly has a footprint of about 7.5 km2, the Campirana Ag-Au-Cd-Cu-La-Mo-Th-Tl anomaly has a footprint of only about 0.2 km2, but it is associated with a young normal fault and presumably is a leakage anomaly, and the Cerro Alto Cs-Cu-Hg anomaly has a 1.5 km2 footprint and bedrock in this area has undergone siderite(?) alteration. In comparison the alteration footprint of Peñasquito is between 6 and 12 km2.

Cerro Alto anomaly overview
Overview of the Cerro Alto anomaly

A ZTEM survey was completed over the anomalous areas and resistivity anomalies were detected. An Induced Polarization (IP) survey was completed over the ZTEM anomaly associated with the Palmares-Corazones anomaly and detected anomalous chargeability (see section).

Recommended Program: IP surveys should be completed over the remaining ZTEM anomalies and all of the IP anomalies should be tested by drilling.

Agreement: MATM owns 100% of the concessions. MATM is looking to option 100% of the project, subject to a NSR. A geologic report and data package is available on signing a confidentiality agreement.

For more information please contact us.

This page last updated November 11, 2018
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