MUNDORO CAPITAL INC.

Transcription

GEOLOGICA
GROUPE – CONSEIL
(Item 1)
NI 43-101 TECHNICAL EVALUATION
REPORT ON THE
CUENCAME CONCESSIONS
CUENCAME DISTRICT
STATES OF DURANGO AND COAHUILA
MEXICO
(UTM Nad 83 Zone 13: 650,000 mE and 2,775,000 mN)
Val-d’Or, Québec
September 20th, 2011
e
Alain-Jean Beauregard, P. Geol., OGQ, FGAC, AEMQ
Daniel Gaudreault, ing., Geol., OIQ, AEMQ
SUITE 203 – 450, 3 AVENUE, C.P. 1891, VAL D’OR (QUÉBEC) CANADA J9P 6C5 Tél. : (819) 825-8643 Fax : 824-4266
E-Mail: [email protected] Web site: www.geologica.qc.ca
Geologica Groupe-Conseil Inc.
TABLE OF CONTENTS (Item 2)
1.0 SUMMARY (ITEM 3) ................................................................................................. 4 2.0 INTRODUCTION AND TERMS OF REFERENCE (ITEM 4) ..................................... 9 3.0 RELIANCE ON OTHER EXPERTS (ITEM 5) ...........................................................11 3.1 ENVIRONMENTAL ISSUES ...........................................................................................12 4.0 PROPERTY DESCRIPTION AND LOCATION (ITEM 6) .........................................12 5.0 ACCESSIBILITY, LOCAL RESOURCES, INFRASTRUCTURES AND
PHYSIOGRAPHY (ITEM 7) ............................................................................................13 5.1 ACCESSIBILITY .........................................................................................................13 5.2 LOCAL RESOURCES ..................................................................................................14 5.3 PHYSIOGRAPHY, CLIMATE AND VEGETATION ...............................................................14 6.0 HISTORY (ITEM 8) ...................................................................................................15 7.0 GEOLOGICAL SETTING AND MINERALIZATION (ITEMS 9 AND 11) ..................16 7.1 REGIONAL GEOLOGY ................................................................................................16 7.2 LOCAL GEOLOGY ......................................................................................................17 7.3 MINERALIZATION ......................................................................................................18 8.0 DEPOSIT TYPE AND MINERALIZATION (ITEMS 10) ............................................18 8.1 EPITHERMAL DEPOSITS .............................................................................................18 8.2 CARBONATE REPLACEMENT DEPOSITS (CRD) ............................................................19 8.3 PENASQUITO STYLE DIATREME INTRUSIVE RELATED DEPOSITS .....................................19 9.0 EXPLORATION WORK (ITEM 12)...........................................................................20 10.0 DIAMOND DRILLING (ITEM 13) ............................................................................21 11.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY (ITEMS 14 AND
15) ..................................................................................................................................21 11.1 GOLD FIRE ASSAY AA FINISH ..................................................................................22 12.0 DATA VERIFICATION (ITEM 16)...........................................................................22 13.0 ADJACENT PROPERTIES (ITEM 17) ...................................................................25 14.0 MINERAL PROCESSING AND METALLURGICAL TESTING (ITEM 18) .............26 15.0 RESOURCES AND RESERVES ESTIMATIONS (ITEM 19)..................................26 16.0 OTHER DATA AND PERTINENT INFORMATIONS (ITEM 20) .............................27 2
NI 43-101 TECHNICAL EVALUATION REPORT ON THE CUENCAME CONCESSIONS – SEPTEMBER 2011
17.0 INTERPRETATION AND CONCLUSIONS (ITEM 21) ...........................................27 18.0 RECOMMENDATIONS (ITEM 22) .........................................................................27 19.0 REFERENCES (ITEM 23) ......................................................................................30 20.0 SIGNATURE (ITEM 24) ..........................................................................................33 20.1 CERTIFICATE OF QUALIFICATION (ALAIN-JEAN BEAUREGARD) ..........................34 20.2 CERTIFICATE OF QUALIFICATION (DANIEL GAUDREAULT) .................................35 21.0 ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON
DEVELOPMENT PROPERTY AND PRODUCTION PROPERTY (ITEM 25).................36 List of Figures
1.
2.
3
4.
5.
6.
7.
8.
Detailed Location Map
Concessions Location Map
Geological Map
Cuencame Concessions Area Magnetic Map
Mesa Central Plateau Ore Deposits
Grab Samples Location Map
Adjacent Mining Properties Map
Gold Corp Penasquito Deposit Magnetic Map
Appendices
Appendix I:
Appendix II:
Laboratory Assay Results from Geologica’s sampling
Photos
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1.0 SUMMARY (ITEM 3)
At the request of Mundoro Capital Inc. (“Mundoro”), Geologica GroupeConseil Inc. (“Geologica”) was given the mandate to realize a NI-43-101
technical evaluation report on the three (3) Cuencame Concessions in Durango
and Coahuila States in Mexico.
The property was recently visited by one of the authors (Alain-Jean
Beauregard) between August 16th and August 19th, 2011.
The Cuencame Concessions are three separate concessions totalling
43,473 hectares in the Cuencame District, Durango and Coahuila States,
Mexico. The concessions are located in the mining district of Velardeña which
has seen historical and modern mining operations for Ag-Pb-Zn-Au from
epithermal and skarn deposits. These occurrences were typically found as
outcropping veins or alteration in the ranges that form the folded limbs of the
classic basin and range topography of North-Central Mexico.
The Cuencame concessions cover 430 km2. They were recently approved
by the Mexican Government and are in good standing. Their tenure was granted
to Mundoro Capital by the state and national government of Mexico.
The DGM (Direccion General de Minas) grant concessions for a period of
50 years, provided the concession is maintained in good standing. There is no
distinction between mineral exploration and exploitation concessions since 2005.
As part of the requirements to maintain a concession in good standing, biannual fees must be paid based upon a per-hectare escalating fee and a report
submitted to the DGM each May.
Mundoro Capital is required to file a ‘Notice of Initiation of Exploration
Activities’ with the local authorities to inform them of the scope and
environmental impact of the exploration work.
The host rock is typically Jurassic-Cretaceous limestones and Marine
Sediments that form the basement of Central Mexico. They have subsequently
been intruded by Tertiary intrusives that sometimes reached the Paleosurface
with andesite and rhyolite extrusives throughout Central Mexico but not to the
same extent as the Coastal Sierra Madres. Mineralisation is temporally and
spatially related to these Tertiary intrusives for most of the mineral deposits of
Central Mexico.
Tertiary mineralisation is well known historically in the Sierra Madres and
in the Central Altiplano in areas such as Zacatecas and Concepion De Oro,
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typically as Ag-Zn-Pb rich epithermal veins and Carbonate Replacement
Deposits (CRD). The recent discovery of Penasquito in the Concepcion De Oro
district has highlighted the potential for bulk mining targets with significant gold
credits, and has seen a new gold rush for undercover targets in Northern-Central
Mexico.
Penasquito occurs as diatreme pipes that extend from shallow intrusives
with most of the Ag-Au-Zn-Pb mineralisation hosted within diatremes that intrude
the carbonate basement rocks in a synclinal fold hinge, that forms the valley low.
The diatremes are considered to have breached the Paleosurface with the
volcanic apron having been eroded away. The exploration model is to look for
structurally favourable locations at the regional scale (Basement Faults), and
local scale (fold axis, fault intersections), spatially associated with intrusive rocks
(magnetic highs?) that have intruded porous rock sequences.
There has been major land staking in this region of Mexico with the
success of Penasquito, and the re-emergence of the Zacatecas region. Many
exciting new discoveries are being reported and they include Velardena, Camino
Rojo, Zacatecas, San Agustin, Pitarilla, and Cordero up in Chihuahua. Although
there is some variation on these deposits they are all considered to be hybrids of
epithermal deposits and Tertiary intrusives/volcanics. Exploring around these
Tertiary centres allows for targeting of many different deposit styles including
epithermal vein, breccia, carbonate replacement, and porphyry/skarn base and
precious metals deposits.
No exploration work was realized on the three (3) concessions by
Mundoro. However, the exploration program proposed for the Cuencame
Concessions is focused on the exploration models applicable to the undercover
Deposits of the Mexican Altiplano. There are many recent exploration success
stories for Penasquito style breccia deposits, Carbonate Replacement Deposits
(CRD’s), and epithermal vein deposits. Typically exploration is focussed on
information that will allow us to advance the conceptual targets quickly to the
drilling stage.
During the recent visit by Geologica, 15 grab samples were collected by
Geologica on selected outcrops. The bags were doubled, firmly attached and
carried to a small pickup truck by one of the authors (Alain-Jean Beauregard)
then securely driven to SGS Minerals Laboratory. The 15 samples (132003 to
132017) were revised with Alexandro Ochio Lab personnel and sent for assay
using FAA313 for Au, AAS21E for Ag and ICP41B multi-elements package. No
duplicate samples and no blank samples were added.
43,473 hectares in the Cuencame District, Durango State, Mexico. The
concessions are located in the mining district of Velardena which has seen
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historical and modern mining operations for Ag-Pb-Zn-Au from epithermal and
skarn deposits. These occurrences were typically found as outcropping veins or
alteration in the ranges that form the folded limbs of the classic basin and range
topography of North-Central Mexico.
Recent sampling during the recent visit has confirmed that the observed
and sampled limestone belong to the favourable host sedimentary Tertiary
stratigraphic units and Formations of several local polymetallic skarn
replacement and/or epithermal vein type deposits are present in the immediate
and far area.
The low data density and reliability confirms the early stage of exploration
over these Concessions. Also, the magnetic and gamma spectrometry surveys
will be extended systematically all over the Cuencame Concessions. This will
permit to correlate the geophysical results with the surface geology. Moreover,
Induced Polarization Surveys over most of the prospective sectors outlined by
the magnetic and gamma spectrometry surveys will define and detect conducting
axes and mineralized disseminations, which would be shielded by the basin
sediments and soil coverage.
In the light of these observations and results obtained during the recent
visit, three (3) types of mineralization could be recognized on the Cuencame
Concessions:
1) Vein-type and mantos containing polymetallic (Pb, Zn, Cu, Ag, Au)
mineralizations.
2) Vein-type (Epithermal) containing precious metals (Au, Ag).
3) Porphyry copper type with disseminations, veins and veinlets network of
copper minerals associated with altered and fractured differentiated
intrusions of felsic mafic composition.
In Phase 1, a basic surface exploration program will consist of systematic
airborne geophysical survey (including magnetometric, EM and spectrometry),
satellite photo imagery and interpretation, soil and/or alluvial geochemical
sampling and/or pitting; surface and detail mapping of lithologic units, alterations,
structures and mineralizations followed with outcrop and systematic sampling
(grab and channel); data digitization, integration and modelization followed by
work report.
If warranted, a Phase 2, trenching and diamond drilling (NQ-size) program
on the best targets and mineralized extensions; a provision of 5,000 meters.
Data digitization, integration and modelization update and synthesis work report
with compilation surface colour maps, sections, longitudinal, and figures.
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Phases 1 and 2 of work recommendations are budgeted at ≈ US
$1,896,510 and proposed in the here below listed steps and table:
Phase 1 : Basic Surface Exploration Program
- Airborne Geophysical Survey (Mag, EM and
- Spectrometry)
Satellite Photo and Imagery Interpretation:
- Soil geochemistry survey with pits and samples
on a 200-meters grid: ≈400 samples at
150$/sample including collect transport and
assaying:
selected
areas
coverage
of
approximately 20,000 hectares.
- Surface geological mapping and prospection
including sampling, 2 geologists and 2
technicians for 60 days at 2000$/day including
room and board.
US $200,000
US $50,000
US $60,000
US $90,000
- Transportation: 2 (4X4) vehicles: 60 days at
200$/day
US $12,000
- 400 samples at 30$/sample
US $12,000
- Data, digitization, integration and model:
1 GIS and geomatic specialist: 20 days at
800$/day
- Work report
US $16,000
Sub-Total:
US $34,000
US $462,000
Management (≈5%)
US $23,100
Contingencies (≈10%)
US $48,510
Total Phase 1:
US $533,610
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Phase 2: If warranted: Trenching and diamond (NQ size) drilling on best
targets and mineralized extensions
- NQ-size diamond drilling:
5,000 meters at 200$/meter (all included)
US $1,000,000
- Road access and maintenance; trenching using
caterpillar bulldozer (D-6 or equivalent): 40 days
at 2,000$/day (all included)
US $80,000
- Compilation update using software package
(Geotic Log, Geotic Graph, Autocad, Map Info,
Arcview, Gemcom... etc)
US $50,000
- Work report, sections, plans, figures with follow
Exploration Program, recommendations and
Budget
Sub-Total:
Management (5%)
US $50,000
US $1,180,000
US $59,000
US $123,900
Total Phase 2:
US $1,362,900
TOTAL Phases 1 and 2:
US $1,896,510
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2.0 INTRODUCTION AND TERMS OF REFERENCE (ITEM 4)
At the request of Mundoro Capital Inc. (“Mundoro”), Geologica GroupeConseil Inc. (“Geologica”) was given the mandate to realize a NI-43-101
technical evaluation report on the three (3) Cuencame Concessions in Durango
and Coahuila States in Mexico.
The property was recently visited by one of the authors (Alain-Jean
Beauregard) between August 16th and August 19th, 2011.
This report has been prepared to fulfill the obligation to file an independent
technical report as described in NI 43-101 to qualify the Property with the TSX
Exchange. This evaluation arises in order to properly evaluate the property’s
mineralized potential as well as to recommend adequate exploration efforts to
bring it to an advance stage.
Past and recent exploration and development work completed on the
property was reviewed and carefully examined.
All currency amounts are stated in US dollars. Quantities are stated in SI
units, the Canadian and international practice, including metric tons (tonnes, t)
and kilograms (kg) for weight, kilometres (km) or metres (m) for distance,
hectares (ha) for area, grams (g) and grams per metric tonne (g/t or ppm) for
gold and silver grades, ppm and % for copper, zinc and iron (Fe). Precious
metals quantities may also be reported in Troy ounces (ounces), a common
practice in the gold mining industry.
2.1
Terms of Reference
Geologica Inc. was retained by Mundoro Capital inc. to review the three
(3) Cuencame Concessions, to evaluate the potential, and to prepare a National
Instrument 43-101 (“NI 43-101) report on its findings.
We understand this report will be filed by Mundoro Capital Inc. with
securities regulators to meet its obligations with the TSX Ventures and Financial
Market Authorities.
This report was authorized by Mrs. Teo Dechev, CEO & President of
Mundoro Capital Inc. in July 2011.
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2.2
Scope of Work
The scope of work undertaken by Geologica involved an assessment of
the geological and metallogenic potential of the three (3) Cuencame
Concessions in Durango and Coahuila States in Mexico.
2.3
Basis of the Technical Report
In summary, this technical report is based on reports by previous owners.
Geological and independent check assaying completed recently in August 17th
and 18th, 2011 by Mr. Alain-Jean Beauregard from Geologica. Much of the
information and data used to prepare this report was provided to Geologica by
Mundoro. The significant and valuable technical and field assistance of Scott
Randall, Senior Geologist and Michel Cormier, V.P. Exploration was much
appreciated by the authors.
2.4
Qualifications and Field Involvement of Consultant
Geologica Inc. independence is ensured by the fact that it holds no equity
in any project and that its ownership rests solely with its staff. This allows
Geologica to provide its clients with conflict-free and objective recommendations
on crucial judgment issues.
Neither Geologica nor any of its employees in the preparation of this
report has any beneficial interest in Mundoro. Geologica will be paid a fee for this
work in accordance with normal professional consulting practice.
A field visit was realized between August 16th and August 19th, 2011 by
one of the authors Mr. Alain-Jean Beauregard with the help of the available
Durango Mundoro personnel and equipment (4X4 Pickup Truck), particularly Mr.
Rogelio Urbena Michel, Eng. and Surveyor and his technical assistant Mr. David
Urbena for outcrop access, location and sampling.
Statements of qualification for the qualified persons are included in
Section 21.0 (Item 24).
The authors from Geologica Inc. have reviewed and analysed data
provided by Mundoro, their consultants and previous owners of the property, and
have drawn their own conclusions there from, augmented by its direct field
examination. Geologica has not carried out any independent exploration work,
drilled any holes on the three (3) Cuencame Concessions. Geologica has only
realized grab sampling on selected outcrop areas of each of the three (3)
concessions visited.
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The titles to the mineral lands for this project have been reviewed by
Geologica with the help of Government mining land management system (i.e.
Servicio Geologico Mexicano – SGM) in August 2011. The description of
concessions, and ownership thereof, as set out in this report, are provided for
general information purposes only.
The metallurgical, geological, mineralization and exploration technique
descriptions used in this report are taken from reports prepared by Mexican,
Government Agencies and the collaboration of Mr. Scott Randall, Senior
Geologist of Mundoro Capital Inc.
Geologica is pleased to acknowledge the helpful cooperation of Mundoro
management and exploration personnel all of whom made any and all data
requested available and responded openly and helpfully to all questions, queries
and requests for material.
3.0 RELIANCE ON OTHER EXPERTS (ITEM 5)
The authors from Geologica Inc. have reviewed and analyzed data
provided by Mundoro, their employees and consultants and have drawn their
own conclusions there from augmented by the direct field examination for the
Cuencame Concessions. Geologica has not carried out independent exploration
work, drilled any holes or carried out any sampling and assaying except for field
grab samples collected in August 2011. However, the presence of gold, silver
and base metals in local altered host rocks is substantiated by previous
prospection and artisanal mining history by neighbouring owners and old Spanish
colonial workings in the area. Geologica has not performed any estimation of
resource and reserves on the property, but has spot-checked the estimates
performed by the company’s professional personnel and examined the
procedures used.
While exercising all reasonable diligence in checking, confirming and
testing it, Geologica has relied upon the data presented by Mundoro Capital Inc.
in formulating its opinion.
The various agreements under which Mundoro holds title to the mineral
lands for this project have not been investigated or confirmed by Geologica and
Geologica offers no opinion as to the validity of mineral title claimed by Mundoro.
The description of the property and ownership thereof, as set out in this report,
are provided for general information purposes only.
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The metallurgical, geological, mineralization and exploration technique
descriptions used in this report are taken from info (informatic data, maps and
reports) prepared and gathered by Mundoro Capital Inc.
3.1 Environmental Issues
There are no known environmental concerns on the Cuencame
Concessions. It is understood and agreed that the property is being agreed to
Mundoro ‘as is’ Mundoro acknowledges that it has inspected the property and
that it has not relied on any representations by Mundoro concerning the
environmental condition of the property. Mundoro shall ensure that all exploration
programs on the property shall be conducted in an environmentally sound
manner.
4.0 PROPERTY DESCRIPTION AND LOCATION (ITEM 6)
The three (3) Cuencame Concessions occur in an East-West series of
valleys near the South-Eastern corner of Durango State. Cuencame 2 is located
completely in Coahuila State, the other two concessions; Cuencame and
Cuencame 1 both fall completely in Durango. The nearest city is Torreon, in
Coahuila which is 40km to the northeast by paved highway with Durango City
being approximately 130km to the southwest by the same highway (Figure 1).
The concessions are covered by 1:250,000 scale NTS quadrangle sheets G13-9
(Torreon) and G13-12 (Juan Aldama). These concessions are mainly centred on
the UTM Nad 83 Zone 13 Coordinates 650,000 mE and 2,775,000 mN.
A Mexican subsidiary (Mundoro de Mexico, S.A. de C.V.) has been
formed by Mundoro Capital to satisfy Mexican company registration laws
allowing foreign companies to apply for and hold mineral exploration
concessions. The Cuencame Concessions consists of three (3) concessions in
the Cuencame District, Durango and Coahuila States, Mexico that cover 430 km2
(Figure 2). The concessions were recently approved by the Mexican Government
and are in good standing.
No.
A
B
C
Mundoro Cuencame Property Concessions
Concessions
Area (hectares)
Cuencame
26,914.9566
Cuencame 1
3,188.7051
Cuencame 2
13,103.7349
Total :
43,207.3966
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An application for these concessions was submitted in February 2011,
with tenure being granted by the state and national government in July 2011.
These concessions were granted to Mundoro Capital who intends to conduct
early stage exploration activities over the concession areas in the next year.
All minerals found in Mexico are the property of the government of
Mexico, and may be exploited by private entities under concessions granted by
the Mexican federal government. The process was defined under the Mexican
Mining Law of 1992, and excludes petroleum and nuclear resources from
consideration. The Mining Law also requires that non-Mexicans entities must
either establish a Mexican corporation, or Partner with a Mexican entity.
Under current Mexican mining law, amended April 29, 2005, the‘Direccion
General de Minas’ (‘DGM’) grant concessions for a period of 50 years, provided
the concession is maintained in good standing. There is no distinction between
mineral exploration and exploitation concessions since 2005. As part of the
requirements to maintain a concession in good standing, bi-annual fees must be
paid based upon a per-hectare escalating fee, and a report submitted to the
DGM each May.
In order to begin an exploration program on a concession upon which no
substantial mining has been conducted, Mundoro Capital is required to file a
“Notice of Initiation of Exploration Activities” with the local authorities to inform
them of the scope and environmental impact of the exploration work.
Typically, a verbal authorization with no consideration is granted for
prospecting and sample gathering and a simple letter agreement or contract will
be used for drilling, trenching, basic road building and similar more advanced
exploration activities. A small monetary consideration and/or the obligation to fix
a road or fence, build an earth dam, paint the local town church or school, etc. Is
usually required to perform any extensive work programs and the landholders
must also be compensated should the land be required for development.
To the best of our knowledge, no other significant factors and risks may
affect access, titles or the right or ability to perform work on the property.
5.0 ACCESSIBILITY, LOCAL RESOURCES, INFRASTRUCTURES AND
PHYSIOGRAPHY (ITEM 7)
5.1 Accessibility
The project (Cuencame, Cuencame 1 and Cuencame 2 concessions) is
easily accessible, with National Highway 40 and 49 between Durango City and
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Torreon cutting through the western boundary of the Cuencame Concession.
Two major railways (Figure 2) also pass directly along the property boundaries
given good rail access to Mexican ports. Both of these cities are serviced by daily
direct flights from Mexico City or Southern USA.
Several paved and gravel roads in good condition transect the project,
and give good access to all the project areas by 4WD vehicle. The only
immediately inaccessible areas by 4WD are some of the rocky hills mostly along
the concession boundaries. These hills are easily accessible by foot from roads
or 4WD tracks.
5.2 Local Resources
As described above the region is well serviced by good road and rail
access from two regional centres that are both well provided to support mining
and exploration companies. This includes skilled and non-skilled workforces,
internationally accredited laboratories, geological support and survey teams and
local divisions of the SGM (Geological Survey of Mexico).
The Velardena mining camp is immediately to the south and the area is
close to electrical grids. Water and groundwater resources would require
planning and purchasing if the project progressed, but at the early exploration
stage its use is considered to have no impact on local resources.
Cuencame Concessions refer to a group of three (3) concessions
(Cuencame, Cuencame 1 and Cuencame 2) that lie in the Southeast corner of
Durango State, Mexico, with Cuencame 2 straddling the border with
neighbouring Coahuila State. The nearest major centre is Torreon approximately
40km away in Coahuila with Durango City being approximately 150km Southwest
by highway. Cuencame is the small regional town immediately south of the
concessions along with several smaller villages and farms throughout the district
including Velardena, a small service centre associated with the Velardena mining
properties.
5.3 Physiography, Climate and Vegetation
The concessions are in an area of high plateau that forms Central Mexico and
called the Altiplano or Mesa Central Block. The concessions are dominated by
low, flat valleys, surrounded by rocky hills and ridge lines with the range of
altitude between 1260m and 1680m (approximately).
The climate is typical of the arid Mesa Central belt, warm and dry with very
little rainfall, typically produced by storms in summertime. Temperatures are
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typical of the high plateau and arid climate with hot days throughout the summer
but temperatures dropping in the winter especially in evenings to below 0 degree
Celsius. Streams and wet areas shown in maps are typically dry except in the
limited wet season or flood regions.
The vegetation is typical of these arid desert climates and rocky topography
dominated by low scrubs such as cacti, magey, sage and coarse grasses. Low
level grazing of horses, donkeys and cattle is carried out by local villagers. Other
animals are rare but include birds, rabbits, mice, coyote and deer. Durango is
also famous for scorpions, rattlesnakes and venomous spiders such as
Tarantulas and Black Widows.
6.0 HISTORY (ITEM 8)
Mining has played a significant role in Mexico’s pre and post colonial
history, with its wealth in Silver in particular driving a lot of the Spanish
occupation and exploitation of the country. Much of the early exploitation focused
on this mesa central region and the vein deposits of Zacatecas in particular.
Commercial production started from the late 19th century in the Velardena
district with various foreign and local operators exploiting the Ag-Pb-Zn vein
deposits in different scale operations until nationalization by the Mexican
Government, in 1961. In 1994 William Resources purchased the Velardena
concessions, conducted a pre-feasibility study and commenced commercial
production. ECU Gold a predecessor of ECU Silver purchased the concessions
and mines from William Resources in 1999 and has carried out exploration and
commercial production in the Velardeña Concessions until the present time. This
project is located approximately 10 km south of the Cuencame Concession.
On the Cuencame Concessions, no historical exploration work was
documented, however the authors have considered that these concessions are
spatially and genetically related to the Velardena mineral camp, but because
they are considered to be undercover targets the exploration model is based on
the Penasquito deposit, 120 km to the east of Zacatecas and Cuencame 2
Concession.
Penasquito consists of two large open pit deposits or Diatreme pipes,
Penasco and Chile Colorado that are being mined for Au-Ag-Pb-Zn ores. The
initial discovery was in a historical mining district Concepion De Oro where
outcropping vein deposits in the low lying hills have been known and exploited
since at least the 1500’s. The first real exploration at Penaquito, which occurs in
the largely flat ground in the topographical low valleys, was carried out by
Kennecott in 1994. Since then the projects were explored by many companies
15
before being acquired and developed by GoldCorp in a takeover of Glamis Gold.
Commercial production was initiated in 2010.
“The authors believe that these informations concerning Velardeña and
Penasquito, give a conceptual indication of the potential of the area and that it is
pertinent to this report even if the authors are not presently able to corroborate
the quantities or accuracy of these informations.”
7.0 GEOLOGICAL SETTING AND MINERALIZATION (ITEMS 9 and 11)
7.1 Regional Geology
Structurally the Cuencame concessions are in the Mesa Central sub
terrane near the margin with the Sierra Madre Oriental. This N-NW trending
margin is an important basement structure with many of the most prominent
Mexican Ag deposits falling close to this boundary. Immediately south of
Cuencame there is a prominent break in structural orientation to a more E-W
trend in lithology and structures towards the Penasquito region. This NE trend is
prominent in the lithological bedding, horst-graben and fold structures.
Regionally and on Geophysical maps prominent NE trending fractures are
also evident and appear to have a strong control on magmatism and
mineralisation. This trend is well shown by the prominent NE trend of magnetic
highs or Intrusives at the Velardena property that continues into Cuencame
Concessions. This trend along with the dominant NW lithological and structural
trends visible in geology and geophysical maps, and structural intersections
possibly represent deep structural control.
Lithologically this region of Central Mexico is commonly referred to as the
Mexican Geosyncline and the area is dominated by a >3km thick marine
sequence. These sequences sit on a crystalline metamorphic basement and a
Triassic redbed sequence. The Jurassic to Cretaceous Marine sequences
consists of limestone units that have been subdivided into 6 separate units that
are then overlain by carbonaceous and calcareous siltstones and sandstones.
These Cretaceous sediments are part of a turbidite sequence deposited in a
back-arc setting as the Pacific Plate was being subducted beneath the North
American Plate in the Mesozoic.
These sediments were subsequently deformed during the Laramide
orogeny that affected the North American Plate. This caused initial symmetrical
folding producing upright anticlines and synclines that were subsequently
modified by a later event that saw overturned, tilting and asymmetrical folding.
This tectonic history is considered to represent compression followed by
transpression and then extension during the Eocene. This caused the
16
reactivation of early horst-graben faults that are prominent in the basin and range
style topography viewed today in the high altiplano in Central Mexico.
There are two sets of intrusives during the Tertiary with one period
between 57-40Ma consisting of diorite to graniodiorite and then from
approximately 30ma-20Ma. The later period was dominated by felsic and
subvolcanic porphyry intrusions with the latest magmatism including rhyolite
domes. Subsequently there has been basin infill with continental sediments, but
low rates of erosion and weathering typical of the dry climate. Mineralisation in
the Mesa Central is spatially dominantly to the younger sequences of intrusives
and rhyolite domes. Many of these later intrusives have intruded the early
intermediate suite.
7.2 Local Geology
Much of the information about the local geology is derived from Velardena
reports or from SGM Maps. The local geology is typical of the Mesa Central
Geology described above, with a structural setting close to a major NW terrane
bounding structure between the Mesa Central and the Sierra Oriental sub
terranes. Many of the Central Mexican ore deposits have a close spatial
relationship to this structure.
The basement limestone sequences seen in the hills around Cuencame
Concessions are Lower Cretaceous in age and part of the Aurora Formation and
the Cuesta del Cura Formation. The Velardena deposits are all hosted in the
Aurora Formation limestones which are typically dark grey to black and coarsely
bedded. Tertiary conglomerates, siltstones and sandstones of Early Tertiary age
and commonly referred to as the Ahuichila formation, overly the marine
sequences and can be viewed on the edge of the basins. These conglomerates
are viewed at Cuencame 1 forming much of the minor topography in the
southern part of this concession.
A wide range of intrusive rocks have been mapped in the Velardena camp
ranging from mafic diorites to more felsic and porphyritic intrusions. Also present
are subvolcanic rhyolite dykes and extrusive rocks, the later often recognisable
by the columular jointing. These intrusives are shown to form a NE trend at
Velardena, similar to the trend of mineral deposits and exhibits the structural
controls and the genetic relationship between mineralisation and magmatism.
In the Cuencame Concessions much of the area is under Tertiary
colluvium ranging from shallow to approximately 200m depth (SGM Maps). The
limestones and hills hosting Velardena form the high ridges around the edges of
these properties. These limestone units are considered good host units for
mineralisation and underlie the colluvium fill in the valleys. The dominant
17
structural trends are NW trending lithologies, faults and fold axis along with NE
fractures visible in magnetic and intrusive trends.
7.3 Mineralization
No significant mineralization was encountered on these three (3)
concessions. However, in the Cuencame 2 Concession, a gravel pit and a
marble quarry were indicated on the geological map from de SGM and during the
recent visit, these occurrences were observed.
8.0 DEPOSIT TYPE AND MINERALIZATION (ITEMS 10)
Central Mexico has a long mining history and the Mesa Central region in
Zacatecas, San Luis Potosi, and Durango states all host significant historical and
current mines. Most of the mineral deposits have a spatial and genetic
relationship to Tertiary intrusives in the 30Ma to 20Ma age range. Mexico
deposits are classified as epithermal, CRD, skarn/porphyry models but with
characteristics that seem unique to Mexico and the geological setting and mode
of emplacement. Deposits are typically Ag-Pb-Zn rich but Cu and Au also form
significant metal credits and in particular bulk tonnage polymetallic deposits with
significant Au credits have become an exciting new target.
8.1 Epithermal Deposits
Mexico is well known for its Tertiary epithermal deposits in the coastal
Sierra Madre Mountains and further inland in the Altiplano. Many of these
deposits have characteristics typical of LS (Low Sulphidation) or HS (High
Sulphidation) epithermal deposits. In Mexico most of the epithermal deposits are
associated with the Tertiary Volcanic arc and intrusives and fluids originally
sourced from these plutons that have migrated away. The Mexican deposits tend
to have Zn-Pb base metal enrichment beneath the Ag-Au precious metal zone
and the quartz is commonly microcrystalline jigsaw quartz rather than amorphous
chalcedony typical of LS epithermal deposits. All this evidence suggests a
genetic relationship to Calc-Alkaline intrusives, which would lead to a IS
epithermal Classification.
These ideas are best explained in the paper by Camprubi and Albinson
(2006) which also discuss the possible implications for exploration targeting in
Mexico. Some of these ideas are based on the spatial relationship to the parent
magma chamber and the greater depth of emplacement of the HS epithermal
deposits. Other ideas discussed and which are almost unique to Mexico is the
lack of major HS deposits typical of the upper portions of volcanic arcs and the
predominance of Zn/Pb >>Cu as the Base Metals. Other considerations for
18
exploration are the emplacement of these deposits into porous carbonate rocks
typical of Central Mexico, leading to the formation of Carbonate Replacement
Deposits (CRD).
8.2 Carbonate Replacement Deposits (CRD)
40% of Mexico’s historical Ag production has come from Carbonate
Replacement Deposits including Fresnillo and Santa Eulaila, both >500M/ounces
Ag. They typically form mantos/chimneys/veins replacing the carbonate host
rock, depending on the distance from the source pluton adjacent to which skarn
alteration and mineralisation is formed. They are typically Ag-Pb-Zn rich but can
also contain Au-Cu with metal zoning away from the proximal skarn deposits,
with Cu proximal and Au-Ag most distal. Like the majority of the Mexican
epithermal deposits there is a spatial and genetic relationship to Tertiary calcalkaline intrusives and regional structures. The CRD deposits are restricted to a
narrow N-W structural belt of Central Mexico that hosts structurally prepared
carbonaceous sequences that have been intruded by metal rich intrusives.
Often volcanic rocks or other less permeable limestones, such as at
Fresnillo can form cap rocks to the mineralisation. In volcanic sequences there
can be typically wide clay alteration zones above these deposits and Mn-Fe
gossans and veins are other good indicators for these systems. Because of the
high sulphide content gravity and magnetics can be used as exploration tools for
these typically blind deposits, along with pathfinder minerals detected from
geochemical surveys.
8.3 Penasquito style Diatreme Intrusive related Deposits
Penasquito is cited as a type model of deposit that is becoming an
attractive exploration target in the relatively underexplored, undercover portions
of the Mesa Central region. It probably represents a sub classification or
telescoping of hotter porphyry/skarn mineralisation with cooler epithermal related
hydrothermal breccias. Other recent discoveries near Penasquito such as
Camino Roja and 400km’s to the North in Chihuahua, of the Camino deposit by
Levon Resources have seen an increase in targeting for bulk mining, polymetallic
deposits like Penasquito. Structurally Penasquito is associated with regional
scale structures and locally in the axis of a syncline.
These deposits are associated with hydrothermal breccias and diatremes
above the deeper and hotter intrusive stock that provided much of the heat and
metals to the system. At Penasquito mineralisation is disseminated or in veinlets
hosted in intrusive clast breccias that extended to the Paleosurface, as well as
halos to quartz porphyry dikes that intrude the breccias. Some of the highest
grades are along the contacts with the calcareous host rocks and also hosted in
the sediments that were intruded by the diatremes. There is a Quartz-Sericite19
Pyrite, phyllic alteration shell at depth with pyrite-calcite-rhodocrosite alteration
near the surface.
Typically exploration for this style of buried deposit has a few key factors in
targeting
1. Proximity to major deep crustal structures allowing for metal bearing
magmas to enter the upper crust
2. Local structures and complexity such as fold hinges, axis, faults.
3. Proximity to Magnetic Highs indicating buried Calc-Alkaline Oxidised
intrusives that are typically related to Mexican Epithermal and
Replacement Deposits.
4. Carbonaceous and calcareous, porous, host rocks
5. Diatreme pipes that have typically breached the Paleosurface, bringing
the mineral system close to the surface.
9.0 EXPLORATION WORK (ITEM 12)
No exploration work was realized on the three (3) concessions by
Mundoro. However, the exploration program proposed for the Cuencame
Concessions is focused on the exploration models applicable to the undercover
Deposits of the Mexican Altiplano. There are many recent exploration success
stories for Penasquito style breccia deposits, Carbonate Replacement Deposits
(CRD’s), and epithermal vein deposits. Typically exploration is focussed on
information that will allow us to advance the conceptual targets quickly to the
drilling stage.
Exploration programs would include:
•
Structural interpretation and analysis of geophysical and Landsat data
to make a regional and local structural model for the district.
•
Airborne Magnetics, EM and Spectrometric surveys to define
undercover anomalies, local structure and lithologies.
•
Ground Induce Polarization (IP) Survey with selected sections
focussed on priority zones.
20
•
Geological mapping to identify rock types, alteration, outcropping
occurrences and to compliment structural analysis of geophysical data.
•
Regolith geochemical interpretation, to understand the regolith and
what geochemical method (soils, rock, auger, aircore) is best
applicable to these tenements and this region (E.G. Depth,
permeability etc).
•
Geochemical surveys that have been identified by geochemical
interpretation.
•
Developing of drilling targets from the geological mapping, geophysical
surveys, and geochemical surveys that fit in with the conceptual
models.
Alongside exploration work a social and environmental policy will be
undertaken involving engaging local communities.
10.0 DIAMOND DRILLING (ITEM 13)
No diamond drilling program was carried out on the property.
11.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY (ITEMS 14 and
15)
During the recent visit by Geologica, 15 grab samples were collected on
selected outcrops. The bags were doubled, firmly attached and carried to a small
pickup truck by one of the authors (Alain-Jean Beauregard) then securely driven
to SGS Minerals Laboratory. The 15 samples (132003 to 132017) were revised
with Alexandro Ochio Lab personnel and sent for assay using FAA313 for Au,
AAS21E for Ag and ICP41B multi-elements package. No duplicate samples and
no blank samples were added.
Samples were collected in the field and/or the core shack, handled,
manipulated and processed by one of the authors (Mr. Alain-Jean Beauregard).
Samples were immediately placed in plastic sample bags in the field and/or the
core shack, tagged and recorded with unique sample numbers. Sealed samples
were placed in shipping bags, which in turn were sealed with plastic tie straps or
fiberglass tape. The bags remained sealed until they were opened by SGS
Minerals Laboratory of Durango City, Durango State in Mexico.
21
Upon receipt, samples are placed in numerical order and compared with
the packing list to verify receipt of all samples. If the received samples do not
correspond to the list, the customer is notified. Samples are dried if necessary
and then reduced to -1/4 inch with a jaw crusher. The jaw crusher is cleaned with
compressed air between samples and barren material between sample batches.
The sample is then reduced to 90% -10 mesh with a rolls crusher. The rolls
crusher is cleaned between samples with a wire brush and compressed air and
barren material between sample batches. The first sample of each sample batch
is screened at 10 mesh to determine that 90% passes 10 mesh. Should 90% not
pass, the rolls crusher is adjusted and another test is done. Screen test results
are recorded in the logbook provided for this purpose. The sample is then riffled
using a Jones-type riffle to approximately 300g. Excess material is stored for the
customer as a crusher reject. The 300-g portion is pulverized to 90% -200 mesh
in a ring and puck type pulverizer, the pulverizer is cleaned between samples
with compressed air and silica sand between batches. The first sample of each
batch is screened at 200 mesh to determine that 90% passes 200 mesh. Should
90% not pass, the pulverizing time is increased and another test is done. Screen
test results are recorded in the logbook provided for this purpose.
11.1 Gold Fire Assay AA Finish
A 29.166-g sample is weighed into a crucible that has been previously
charged with approximately 130 g of flux. The sample is then mixed and 1 mg of
silver nitrate is added. The sample is then fused at 1800°F for approximately 45
minutes. The sample is then poured in a conical mold and allowed to cool; after
cooling, the slag is broken off and the lead button weighing 25-30 g is recovered.
This lead button is then cupeled at 1600°F until all the lead is oxidized. After
cooling, the doré bead is placed in a 12 X 75 mm test tube. 0.2 ml of 1:1 nitric
acid is added and allowed to react in a water bath for 30 minutes, 0.3 ml of
concentrated hydrochloric acid is then added and allowed to react in the water
bath for 30 minutes. The sample is then removed from the water bath and 4.5 ml
of distilled water is added, the sample is thoroughly mixed allowed to settle and
the gold is determined by atomic absorption.
Each furnace batch comprises 28 samples that include a reagent blank
and gold standard. Crucibles are not reused until we have obtained the result of
the sample that was previously in each crucible. Crucibles that have had gold
values of 200 ppb are discarded. The lower detection limit is 0.005 ppm and
samples assaying over 0.5 ppm are checked by gravimetric assay.
12.0 DATA VERIFICATION (ITEM 16)
The authors have reviewed and analysed data provided by Mundoro, their
consultants and Government information’s. While exercising all reasonable due22
diligence in checking, confirming and testing the data publicly available by the
local government agencies such as the Geological Ministry named Servico
Geologico Mexicano (“SGM”). Geologica has also relied upon the data presented
by Mundoro in formulating its opinion.
During the recent visit, in August 2011, Geologica has collected 15 grab
samples and has sent for analysis.
Geologica’s samples were collected independently of Mundoro, kept
secure and transported to the SGS Minerals assay laboratory in Durango City,
Durango State, Mexico for FAA313 for Au, AAS21E for Ag and ICP14B using
aliquots of 30 g. For fire assay, all assays were finished by atomic absorption;
samples that returned greater than 1 g/t Au were re-assayed using a gravimetric
finish. Sample preparation included crushing to 70% less than 2 mm, riffling out
a 200 g fraction and pulverizing to 85% less than 75 µm by PRP89 package.
23
Geologica’s Sampling
Sample_no
Utm-East
Utm-North
Au (g/t)
Ag (g/t)
Cu (ppm)
Pb (ppm)
Zn (ppm)
132003
680040
2770978
Limestone, partly recrystallized, grey-beige colour
Comments
<0.010
<0.5
2
<4
13
132004
680046
2770992
Limestone, altered, beige colour
<0.010
<0.5
1
<4
10
132005
678641
2772879
Limestone, altered, grey-beige colour, rusty oxydized looking, iron carbonate
<0.010
<0.5
<1
<4
23
132006
678621
2772856
Limestone with 2-3 cm.clasts, brecciated and dolomitized
<0.010
<0.5
<1
<4
16
132007
676572
2772800
Limestone, altered, carbonatized, oxydized
<0.010
<0.5
<1
<4
11
132008
669194
2774993
Marble, white colour, locally crystallized, rugged with grey botryoidal, altered surface at places
<0.010
<0.5
3
<4
265
132009
669216
2772867
Limestone with red iron oxydes carbonate, locally buff brown, atered surface
<0.010
<0.5
<1
<4
5
132010
669398
2773206
Limestone, angular, erratic block, carbonate veining, iron oxydes carbonate
<0.010
<0.5
<1
<4
11
132011
669435
2773240
Boulder, angular and brecciated, limestone with veinlets, iron carbonate, qtz-carb veins
<0.010
<0.5
1
<4
9
132012
647600
2790325
Limestone, brecciated, altered, iron oxydes, lits de vin
<0.010
<0.5
<1
<4
14
132013
646568
2765814
Limestone, red thin units, E-W stratification, altered, foliated, folded, schistozed
<0.010
<0.5
4
9
15
132014
646543
2763834
<0.010
<0.5
5
26
69
132015
644990
2771406
Conglomerates with altered matrix, limestone fragments, horizontal bedding on east upper flank of the hill
Limestone, grey, fractured and locally brecciated, qtz-carb veins and veinlets, burgundy iron oxydes
alteration
<0.010
<0.5
3
<4
22
132016
644980
2771421
Limestone, altered and brecciated with injection and/or veinlets, black chert, tinted qtz-carb veinlets
<0.010
<0.5
5
<4
7
132017
646505
2780668
Limestone, massive, locally grey, qtz-carb vesicular veinlets
<0.010
<0.5
2
<4
14
24
13.0 ADJACENT PROPERTIES (ITEM 17)
The following information regarding the adjacent properties was partially
extracted from the January 2009 Technical Report by Micon on the Velardena
District Properties from Ecu Silver Mining Inc.
•
Immediately to the south of the Cuencame Concessions, three (3)
properties are owned by ECU Silver. The Velardeña property contains the
Santa Juana mine, which has been the focus of ECU’s exploration and
mining efforts since 1995, as well as the historical Terneras, San Juanes
and San Mateo mines. The Chicago property is located approximately 2
km south of the Velardeña property. This property contains the historical
Los Muertos-Chicago mine, the extension of which is being drilled by
ECU. The San Diego property is situated approximately 9 km northeast of
the Velardeña property. This property contains the historical La Cruz-La
Rata and El Trovador mines as well as a number of other shallower shafts
which were sunk on narrower veins such as the Cantarranas, Montanez
and El Jal. The San Diego property is also subject to a joint venture
agreement between ECU and Golden Tag Resources Ltd. (Golden Tag)
with each company holding 50% of the joint venture.
•
“IMMSA has operated several mines in the Velardeña district in the recent
past, including the Santa Maria, Los Azules, Reina del Cobre, San Nicolas
and Industria mines. Several styles of mineralization have been exploited.”
•
“The Los Azules mine consists of mesothermal style, arsenic-rich
mineralization associated with a series of small intrusive bodies and dykes
of felsic composition. The individual zones can attain lengths of 100 m,
with widths up to 10 m. The mineralogical assemblage consists of
pyrrhotite, sphalerite, and chalcopyrite, with lesser quantities of
arsenopyrite, pyrite and galena. The average grade of this mineralization
was 120 g/t silver, 2.1% lead and 0.8% zinc (Pinet, 1999).”
•
“The mineralization in the San Nicolas mine consists of a mineralized
breccia zone and has also been classified a mesothermal type. The
mineralization is located in quartz latite porphyry, to the northeast of a
major calcite-filled fault zone. The mineralogical assemblage consists of
pyrite, sphalerite and galena (Pinet, 1999).”
•
“The Industria mine is situated on the southwest flank of Sierra Santa
Maria, and is described as epithermal style mineralization. The
25
mineralization occurs as veins in both limestone and intrusive rocks. It
exhibits crustiform textures and open-space fillings. The mineralization
consists of pyrite, sphalerite, boulangerite, galena, as well as silver
sulphide and sulphosalt minerals (freibergite, proustite, polybasite, and
acanthite). The average grades are reported as 120 g/t silver, 3% lead,
and 4% zinc.”
•
“Historically, almost 90% of the production from Sierra Santa Maria has
come from the mesothermal type, pyrite-rich mineralization of the Santa
Maria mine which was operated by IMMSA from the late 1960’s until 2002.
The mineralization is characterized by replacement bodies along the
Santa Maria dyke. The dimensions of these bodies can attain 200 metres
vertically over lengths of 300 m with widths of 20 m. The mineralogical
assemblage consists of pyrite, sphalerite and galena, with lesser
quantities of chalcopyrite. Gangue mineral principally comprise calcite and
fluorite, with minor quartz. The average grade of the Santa Maria mine
was reported to be 156 g/t silver, 3.8% lead and 5.2% zinc.”
•
“The Noria is a small artisanal operation contiguous to the northeast to the
San Diego project. It occupies a 9.65 ha mining concession called El
Chocolatin. Mining activities are presently carried out from a narrow north
065° oriented sulphide vein (galena ± sphalerite ± pyrite), dipping at 68°
southeast. The vein has a true width ranging from 20 to 60 cm. The depth
of the shaft is approximately 60 m with limited lateral development work
extending over about 70 m.
“The authors have been unable to verify the information as above and that the
information is not necessarily indicative of the mineralization on the property that
is the subject of the technical report.”
14.0 MINERAL PROCESSING AND METALLURGICAL TESTING (ITEM 18)
No ore
concessions.
processing
or
metallurgical
testing
was
performed
on
15.0 RESOURCES AND RESERVES ESTIMATIONS (ITEM 19)
No resources and reserves estimations were done on concessions.
26
16.0 OTHER DATA AND PERTINENT INFORMATIONS (ITEM 20)
To the best of Geologica’s knowledge there is no other relevant data or
information that pertains to this report on the Cuencame Concessions.
17.0 INTERPRETATION AND CONCLUSIONS (ITEM 21)
43,473 hectares in the Cuencame District, Durango State, Mexico. The
concessions are located in the mining district of Velardena which has seen
historical and modern mining operations for Ag-Pb-Zn-Au from epithermal and
skarn deposits. These occurrences were typically found as outcropping veins or
alteration in the ranges that form the folded limbs of the classic basin and range
topography of North-Central Mexico.
Recent sampling during the recent visit has confirmed that the observed
and sampled limestone belong to the favourable host sedimentary Tertiary
stratigraphic units and Formations of several local polymetallic skarn
replacement and/or epithermal vein type deposits are present in the immediate
and far area.
Although, the project is located within favourable metallogenic host
stratigraphic units (Jurassic-Cretaceous limestones, silts and sandstones)
intruded by Tertiary age intrusions. The Concessions are of early stage and the
authors cannot predict with certainty the mineralization potential. It is too early
yet to discuss the project potential economic viability.
The low data density and reliability confirms the early stage of exploration
over these Concessions. Also, the magnetic and gamma spectrometry surveys
will be extended systematically all over the Cuencame Concessions. This will
permit to correlate the geophysical results with the surface geology. Moreover,
Induced Polarization Surveys over most of the prospective sectors outlined by
the magnetic and gamma spectrometry surveys will define and detect conducting
axes and mineralized disseminations, which would be shielded by the basin
sediments and soil coverage. Alluvial geochemical pit and soil sampling will
hopefully provide additional coinciding targets for follow-up drilling.
18.0 RECOMMENDATIONS (ITEM 22)
In the light of these observations and results obtained during the recent
visit, three (3) types of mineralization could be recognized on the Cuencame
Concessions:
27
4) Vein-type and mantos containing polymetallic (Pb, Zn, Cu, Ag, Au)
mineralizations.
5) Vein-type (Epithermal) containing precious metals (Au, Ag).
6) Porphyry copper type with disseminations, veins and veinlets network of
copper minerals associated with altered and fractured differentiated
intrusions of felsic mafic composition.
In Phase 1, a basic surface exploration program will consist of systematic
airborne geophysical survey (including magnetometric, EM and spectrometry),
satellite photo imagery and interpretation, soil and/or alluvial geochemical
sampling and/or pitting; surface and detail mapping of lithologic units, alterations,
structures and mineralizations followed with outcrop and systematic sampling
(grab and channel); data digitization, integration and modelization followed by
work report.
If warranted, a Phase 2, trenching and diamond drilling (NQ-size) program
on the best targets and mineralized extensions; a provision of 5,000 meters.
Data digitization, integration and modelization update and synthesis work report
with compilation surface colour maps, sections, longitudinal, and figures.
Phases 1 and 2 of work recommendations are budgeted at ≈ US
$1,896,510 and proposed in the here below listed steps and table:
Phase 1 : Basic Surface Exploration Program
- Airborne Geophysical Survey (Mag, EM and
- Spectrometry)
Satellite Photo and Imagery Interpretation:
- Soil geochemistry survey with pits and samples
on a 200-meters grid: ≈400 samples at
150$/sample including collect transport and
assaying:
selected
areas
coverage
of
approximately 20,000 hectares.
US $200,000
US $50,000
US $60,000
- Surface geological mapping and prospection
including sampling, 2 geologists and 2
technicians for 60 days at 2000$/day including
room and board.
US $90,000
- Transportation: 2 (4X4) vehicles: 60 days at
US $12,000
28
200$/day
- 400 samples at 30$/sample
US $12,000
- Data, digitization, integration and model:
1 GIS and geomatic specialist: 20 days at
800$/day
- Work report
US $16,000
Sub-Total:
US $34,000
US $462,000
Management (≈5%)
US $23,100
US $48,510
Total Phase 1:
US $533,610
Phase 2: If warranted: Trenching and diamond (NQ size) drilling on best
targets and mineralized extensions.
- NQ-size diamond drilling:
5,000 meters at 200$/meter (all included)
US $1,000,000
- Road access and maintenance; trenching using
caterpillar bulldozer (D-6 or equivalent): 40 days
at 2,000$/day (all included)
US $80,000
- Compilation update using software package
(Geotic Log, Geotic Graph, Autocad, Map Info,
Arcview, Gemcom... etc)
US $50,000
- Work report, sections, plans, figures with follow
Exploration Program, recommendations and
Budget
Sub-Total:
Management (5%)
US $50,000
US $1,180,000
US $59,000
US $123,900
Total Phase 2:
US $1,362,900
TOTAL Phases 1 and 2:
US $1,896,510
29
19.0 REFERENCES (ITEM 23)
Baker & McKenzie (2011)
Mining Law in Mexico, an Overview
Broad Oak Associates, (2006)
Technical Report on the Gold and Silver Resources of the Velardena
Project, Durango State, Mexico. Prepared by G.S. Carter; filed on SEDAR
on August 14, 2006, 66 p.
Camprubi, A., Ferrari, L., Cosca, M.A., Cardellach, E., Canals, A. (2003)
Ages of Epithermal Deposits in Mexico: Regional Significance and Links
With the Evolution of Tertiary Volcanism, Economic Geology; August
2003; v. 98; no. 5;p. 1029-1037.
Clark, K.F., and Melendez, L.R., (1994)
Gold and Silver Deposits in Mexico, paper contained in The Mineral
Deposit Research Unit (MDRU) Short Course #16 “Metallogeny of
Mexico”, 62 p.
GG (2008).
Peñasquito project technical report, Concepción del Oro District,
Zacatecas State, México, December 31, 2007, as amended February 19,
2008.
Gonzales-Partida, E. and Camprubi, A., Gonzales-Sanchez, F., Sanchez-Torres,
J. (2006)
Fluid inclusion study of the Plomositas-Los Arcos polymetallic Epithermal
vein tract, Plomosas District, Sinaloa, Mexico. Journal of Geochemical
Exploration, Volume 89, Issues 1-3, Page 143-148.
Lewis, W.J. (2008)
Micon International, NI 43-101 Technical Report, Review of the Mineral
resource estimate of the Velardena District Properties. Velardena Mining
District, Durango State Mexico.
Lewis, W.J. (2009)
NI 43-101 Technical Report updated mineral resource estimate for the
Velardeña District Properties, Velardeña Mining District, Durango State,
Mexico for Ecu Silver Mining Inc. – Micon International Limited.
30
M3 (2005).
Peñasquito feasibility study - Volume 1 NI43-101 technical report.
Technical Report prepared for Western Silver Corporation by M3
Engineering & Technology Corp., Tucson,
dated November 2005.
M3 (2006).
Peñasquito feasibility study - 100,000 TPD technical report. Technical
Report prepared
for Glamis Gold Ltd. by M3 Engineering &
Technology Corp., Tucson, dated July
Minorex Consulting Ltd. (2009)
Technical Report Preliminary Assessment based on report titled
“Technical Assessment of Camino Rojo project, Zacatecas, Mexico”. For
Camplats Resource Corporation. October 16th 2009.
Nieto-Samaniego, A.F., Alaniz-Álvarez, S.A., and Camprubí, A.,(2007)
Mesa Central of México: Stratigraphy, structure, and Cenozoic tectonic
evolution, in Alaniz-Álvarez, S.A., and Nieto-Samaniego, Á.F., eds.,
Geology of México: Celebrating the Centenary of the Geological Society
of México: Geological Society of America Special Paper 422, p. 41–70,
Nieto-Samaniego, A.F., Alaniz-Álvarez, S.A., and Camprubí, A. (2007)
Mesa Central of México: Stratigraphy, structure, and Cenozoic tectonic
evolution, in Alaniz-Álvarez, S.A., and Nieto-Samaniego, Á.F., eds.,
Geology of México: Celebrating the Centenary of the Geological Society
of México: Geological Society of America Special Paper 422,
Pinet, N., Tremblay, A. (2009)
Structural analysis of the Velardena a mining district, Mexico: a faulted
Au–Ag-rich hydrothermal system. In Canadian Journal of Earth Science.
Vol 46: 123-138.
Salas, G.P., et al, (1991)
Economic Geology, Mexico, Volume P-3 of the Geology of North America,
in The Decade of North American Geology Project series by The
Geological Society of America, Inc., pages 269 to 278.
SEG Guidebook Series Volume 40
Gold and Base Metal Deposits in the Mexican Altiplano, States of
Zacatecas and San Luis Potosi, Central Mexico.
Southworth, J.R., (1905)
Las Minas de México (Edición Ilustrada) Historia, Geologia, Antigua
Mineria y Descipción General de los Estados Mineros de la República
Mexicana, En Español é Inglés, 260 p.
31
Wardrop & Associates (2009)
NI 43-101 Technical Report-Pitarrilla Property, Pre-Feasibility Study,
September 2009.
32
20.0 SIGNATURE (ITEM 24)
NI 43-101 TECHNICAL REPORT
ON THE CUENCAME CONCESSIONS
Prepared for
Signed in Val-d’Or, September 20th 2011
_______________________________________________
Alain-Jean Beauregard, P. Geol., OGQ, FGAC, AEMQ
_______________________________________________
Daniel Gaudreault, ing., Geol., OIQ, AEMQ
33
20.1 CERTIFICATE OF QUALIFICATION (Alain-Jean Beauregard)
I, Alain Jean Beauregard, P. Geol., do hereby certify that:
1. I am a geologist and the president of:
450, 3rd avenue, suite 203,
P.O. Box 1891, Val-d’Or (Québec), J9P 6C5
2.
I am a qualified geologist, having received my academic training at Concordia University, in Montreal, Québec (B.Sc. Geology and Mining – 1978)
with a certificate in Business Administration (Val d’Or – 1988).
3.
This certificate applies to the Technical Report entitled “NI 43-101 technical report on the Cuencame Concessions” (“the Technical Report”). This
report was written for Mundoro Capital Inc. to qualify this property with the TSX Exchange and dated September 20th, 2011.
4.
I am a Fellow of the Geological Association of Canada #F 4951 (FGAC) and also a member of the Order of Geologists and Geophysicists of
Québec #227 (OGQ), of the Québec Mining Exploration Association (AEMQ), of the Canadian Institute of Mining and Metallurgy (CIMM) and the
Prospectors and Developers Association of Canada (PDAC).
5.
I have worked as a geologist for a total of 33 years since my graduation from university. Production of nearly one thousand technical and
market evaluation reports in English or French for government authorities and private companies including numerous market value assessments of
mining properties from grassroots projects to developed mines, and several companies entire portfolio of properties. Organization and management
of many exploration campaigns for gold, base metals and industrial metals, especially in remote areas of Abitibi, but also in other parts of Québec
(Gaspésie, Gatineau, St-Lawrence North Shore, Shefferville, Thompson and Raglan Nickle Belt and Labrador) in eastern Canada, Africa and Latin
America.
6.
I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my
education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to
be a “qualified person” for the purposes of NI 43-101.
7.
I am responsible for the technical parts of Items 1, 2, 3, 4, 5, 7, 9, 10, 11, 12, 13, 15, 16, 17, 18, 19, 20, 21, 22, and 23 of the Technical
Report. I have recently visited the subject concessions (August 16th to 19th, 2011).
8.
I am not aware of any material fact or material change with respect to the subject matter of the Executive Summary Report that is not
reflected in the Technical Report, the omission to disclose which makes the Executive Summary Report misleading.
9.
I have not had prior involvement with the property that is the subject of the Technical Report.
10.
I am independent of the issuer (Mundoro Capital Inc.) as described in section 1.5 of National Instrument 43-101.
11.
I consent to the use of extracts from or a summary of the Technical Report with any stock exchange and other regulatory authority and any
publication by them, including electronic publication in the public company files on their websites accessible by the public, of the Technical
Report. I confirm to have read 43-101 F1 form and that it fairly and accurately represents the information in the technical report or part that
the qualified person is responsible for.
Dated this 20th day of September 2011.
___________________________________
Alain-Jean Beauregard, P. Geol., OGQ, FGAC
34
20.2 CERTIFICATE OF QUALIFICATION (Daniel Gaudreault)
I, Daniel Gaudreault, Ing. Geol., do hereby certify that:
1.
I am currently employed as a geological engineer by:
450, 3rd avenue, suite 203,
P.O. Box 1891, Val-d’Or (Québec), J9P 6C5
2.
I graduated with a degree in Geological Engineering (“Ing. Geol.”) from the University of Québec in Chicoutimi in 1983.
3.
This certificate applies to the Technical Report entitled “NI 43-101 technical report on the Cuencame Concessions” (“the Technical
Report”). This report was written for Mundoro Capital Inc. to qualify this property with the TSX Exchange and dated September 20th,
2011
4.
I am a member of the “Ordre des ingénieurs du Québec # 39834 (OIQ)”, of the Québec Mining Exploration Association (AEMQ)
and the Prospectors and Developers Association of Canada (PDAC).
5.
I have worked as a geologist for a total of 28 years since my graduation from university. An engineer specialized in geology and
mining, I have been involved with all aspects of planning, organization and supervision of mineral exploration projects especially in
remote areas of Abitibi, Québec. I have been in charge of teams of professionals and technicians on geological projects in the most
severe conditions. I have also completed several geoscientific compilations and technical reports on areas of interest in Québec,
Ontario, USA (California & Nevada) and South America (mainly Peru).
6.
I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of
my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the
requirements to be a “qualified person” for the purposes of NI 43-101.
7.
I am responsible for the technical parts of Items 1, 2, 3, 4, 5, 6, 7, 8, 14, 15, 16, 17, 18, 19, 20, 21, 22, and 23 of the Technical
Report. I have not visited the subject concessions.
8.
I am not aware of any material fact or material change with respect to the subject matter of the Executive Summary Report that
is not reflected in the Technical Report, the omission to disclose which makes the Executive Summary Report misleading.
9.
I have not had prior involvement with properties that are the subject of the Technical Report.
10.
I am independent of the issuer (Mundoro Capital Inc.) as described in section 1.5 of National Instrument 43-101.
11.
I consent to the use of extracts from or a summary of the Technical Report with any stock exchange and other regulatory
authority and any publication by them, including electronic publication in the public company files on their websites accessible
by the public, of the Technical Report. I confirm to have read 43-101 F1 form and that it fairly and accurately represents the
information in the technical report or part that the qualified person is responsible for.
Dated this 20th day of September 2011.
_______________________________________________
Daniel Gaudreault, Ing., Geol., OIQ, AEMQ
35
21.0 ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON
DEVELOPMENT PROPERTY AND PRODUCTION PROPERTY (ITEM 25)
In the case of the Cuencame Concessions, this Item does not apply.
36
550 000
600 000
650 000
750 000
City of Torreon
Cuencame
Concessions
_
^
±
Coahuila State
Mexico
2 800 000
700 000
2 800 000
500 000
Town of Velardena
2 750 000
2 750 000
Town of Cuencame
2 700 000
2 700 000
Durango State
Zacatecas State
Major Road
Rail road
Durango City
Lake
500 000
2 650 000
2 650 000
River, Stream
550 000
600 000
650 000
GEOLOGICA INC.
0
Utm Nad 83 Zone 13
Durango and Coahuila States
September 20, 2011
25
50
Kilometers
75
100
700 000
750 000
Mundoro Capital Inc.
Cuencame Concessions
- Detailed Location Map -
Figure 1
630 000
640 000
650 000
660 000
670 000
680 000
Major Road
±
Rail road
2 790 000
2 790 000
River, Stream
2 780 000
2 780 000
Cuencame Concession
26,914 Hectares
Town of Velardena
2 770 000
2 770 000
Cuencame 2 Concession
13,103 Hectares
3,188 Hectares
630 000
640 000
650 000
660 000
GEOLOGICA INC.
0
Utm Nad 83 Zone 13
Durango and Coahuila States
September 20, 2011
5
10
Kilometers
15
20
670 000
680 000
- Concessions Location Map -
Figure 2
Tpl(?)B- A
65
17
12
9
1500
I ng
A
76
38
s
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21
3
15
.
52
28
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er
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a
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.
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.
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.
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.
25
102 30’
102 15’
C
S. SAN LORENZO
A. SAN DIEGO
CARRETERA
A. LOS CA
m.s.n.m.
NES
LAS ` GUILAS
KcessLu- Cz
.
TnCgp
46
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A EL C
HORR
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30
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KbehCz- Lu
.
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CAMINO
BAJ˝O LOS LLANOS
S. PARRAS
JokCz
Qhoco
800000
1000
1000
0
10
5
15
CAMINO
COAHUILA
m.s.n.m.
2000
1000
0
A
CA ADA
LOMA VERDE
CA ADA FERN` NDEZ
CARRETERA FEDERAL
FERROCARRIL
S. ESPA A
CA
N CARBONERAS
TERRENO COAHUILA
S. LAS NOAS
A’
PUERTO PERICOS
S. SAN LORENZO
SAN LORENZO 3
SAN LORENZO
LA DISCORDIA
A’’
KcmAr- Lu
Gpo. Difunta
Fm. Indidura
KcossLu
Lut. Parras
KcossLu- Ar
Fm. Caracol
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Fm. Cuesta del Cura
KaCz- Y
Fm. Acatita
Fm. Aurora
KaceCz
20
E.U.A.
TERRENO SIERRA MADRE
ToGr- D
25 00’
102 00’
2000
2000
KaCz
TnCgp
KcessLu- Cz
KaceCz
0
September 20, 2011
(Geologica Inc.)
KbapCz- Ar
Fm.Parritas
KhbAr- Lu
KhapCz
Fm. Cupido
Fm. Las Vigas
ALBIANO
34
C’
PODEROSA
S. EL M` RMOL
NEOCOMI ANO
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0
B’
CENOMANIANO
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C I C O
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36
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.
GAB
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VALLE EL HOJASENAL
A
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HO
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20
L
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30
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.
.
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.
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.
JtAr
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52
I N F E R I O R
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.
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.
.
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.
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18
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35
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20
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32
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65
66
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.
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42
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32
GEOLOGICAL MAP
Figure 3
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.
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From: SGM, Mexico Geological Services
A. CUENCAME
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LA INDUSTRIA
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47
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(VT,07,SL)
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LA FLOR DE
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44
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75
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66
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85
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n 32
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75
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32
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58
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.
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.
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DOS AMIGOS
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A
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A EL
50
.
.
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Qhoco
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41
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.
.
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65
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56
CA
MOL
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.
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(VT,07,SF)
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Qhoco
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8
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..
.
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.
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.
28
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.
.
5
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to s
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C. LA SIERRECILLA
.
8
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47
45
35
. 45
Qhoal
LA INDUSTRIA
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SIERRA LA .LLANTA
.
.
os D if un
g
L
.
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A
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L
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.
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Cz
24
C. LOS JUMATES
a
Tpl(?)B40
A
.
58
32
Tpl(?)BA
.
TeoCgp
KcessLu- Cz
. . .
29
10
(VT,07,SF)
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val
30
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.
Qhoco
60
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.
de Guadalupe Qhoco
. . .
32
25 00’
KcessLu- Cz
TomIg
KaCz
104 00’
A DURANGO
625000 m. E 103 45’ A CUENCAME 27 Km.
A ZACATECAS
50 103 30’
75 103 15’
00 103 00’
2775000 m. N
15
28
.
TeoCgp
20
A. El M
imb
re
25
KaCz
n
A. S
30
o
on
a
A
nD
ie go
Sa
15
00
A NAZAS 46 Km.
150
0
A.
20
TeoCgp
(VT,07,OX)
KaCz
.
Nuevo CuauhtØmoc
60
.
.
JokCz 14 Zn,Pb
(VT,07,OX)
KaceCz
33
KcessLu- Cz
34
KaCz
KbapCz- Ar
KaceCz
KaceCz
ria
Qhoco
KaCz
TeoCgp
KaceCz
.
KaCz
24
LA FIERROSA
Pb,Zn
(VT,07,OX)
37
65
JtAr
KbehCz- Lu
48
18
40
KbehCz- Lu
20
El Potrero
CARB
KaceCz
Fm. Peæa
VALAN.
20
38
75
Seis de Enero
C. QUEMADO
KaceCz
KapaCz- Lu
36
KhbAr- Lu
36
.
OXID
55,56,57
64,65,66 EL SOCORRO
KhbAr- Lu 28 61
KaCz JokCz 73
JtLu- Cz
LA VIBORA
Qhoco CAMINO
Zn,Pb
43
32
48
58,59,60,62,63
ROSAS
Cu,Pb .
25 (VT,07,OX)
KapaCz- Lu
HAUTER.
97.5
KapaCz- Lu
Fm. Nazas
18
KcossLu
75
BARREM.
30
Estaci n
Salitrillo
KcessLu- Cz
60
24
El Durazno
40
TURONIA.
OXFORDIANO
25 30’
QptTr
KcmAr- Lu
KcessLu- Cz
34
20
26
26
KaceCz
25
Travertino
25
23
A. El Capul n
u
ch
an
M
La Trinidad
.
34
KaceCz
CARB
Cruz Verde Travertino
QptTr
66
.
70
33
SANT.
Fm. Taraises
Travertino
22
QptTr
PARRAS
.
.
KaCz
KhapCz
29
.
P A
R R
A S
10
.
KcessLu- Cz
60
KapaCz- Lu KaCz
JtAr
.
78.0 – 1.1
BERRIAS.
.
.
10
KcossLu
.
KaceCz
KaCz
75
KaCz
80
15
KcmAr- Lu
.
.
24
.
36
85
KaceCz
26
1500
KaCz
.
28
40
KapaCz- Lu KaCz
KcessLu- Cz 34
62
.
KcA
140.0
80
A.
A
KcmAr- Lu
29
88
40
20
KaceCz
38
SAN LORENZO
Estaci n El Kilo
A.
2500
15
00
A. L
a
18
20
.
65
1500
9
a
KaceCz
40
20
C. EL PICACHO
54
10
KaCz
KbehCz- Lu 60
40
SANTA TERESA II
10
Zn,Pb
KaCz (VT,07,OX)
70
PUERTO LA VIBORA 50
10
KaceCz
Zn,Pb
39
45
27 (VT,07,OX) 50 7452 4
50
20
TomIg
.
.
200
0
KaceCz
41
KaCz
KcessLu- Cz 50
1500
KaCz
KapaCz- Lu
18
nio
n to
1500
12
KhbAr- Lu
. .
. . .
.
.
.
...
.
39
KhbAr- Lu
KbehCz- Lu
JtAr
JokCz- Ar
KaCz
KaceCz
60
BAJ˝O LOS LLANOS
.
SIERR
36
KapaCz- LuA KUDES
KbapCz- Ar
.
.
20
C. LA CACEROLA
15
18
64
Gabinete
.
67.0
?
CAMP.
A SALTILLO
S
KapaCz- Lu I E R R A J I M U L C O
KaCz
TRJ(?)MV
TeoCgp
20
ZARAGOZA
.
8
.
41
rn
KcessLu- Cz
Qhoco
Fm. Ahuichila
?
Travertino
QptTr
o
Qhoco
KcessLu- Cz
lo
.
49
.
S I
E R
R A
32
65
61
KcmAr- Lu
.
Santa Edwviges
Santa Isabel de las Flores
20
QptTr
CARB
KcmAr- Lu
.
33
San Rafael
.
32,33
n ti a g
60
KbapCz- Ar
Co
El
KhbAr- Lu
.
35
JtAr
a r e don e s
n ta
.
30
C. ALTO
74
KcmAr- Lu
KbapCz- Ar
KbapCz- Ar
.
.
31
30
46
47
P
36
C. PRIETO
7
KhapCz
15
18
A. P
KapaCz- Lu
Di
fu
Estaci n Cadillal
El
22
JtLu- Cz
Estaci n Villarreal
75
KaCz
San Isidro
OXID
29
KapaCz- Lu
1500
KcessLu- Cz
35
50
El Amparo
KaCz
.
Qhoco
A. L a
.
QptTr
. Sa
KaCz
12
35
.
SIERR
A POS 20
E CAL
VO
KapaCz- Lu
20
30
KaCz
22
La
C
KhapCz
37
KaCz- Y
KapaCz- Lu
71
VIESCA
jas
.
4
15
KaCz
KapaCz- Lu
35
74
26
SIERRA LA
CADENA
60
Alto de Palomillo
.
KaCz
.
Qhoco
40
80
4
68
30
25
. .26
KaCz
a
in
.
Qhoco
Qhoco
24
25
61
KaCz
67
66
LLANO
LOS TORREONES
Sulfato de Viesca, S.A.
Evaporaci n
270 t/d
.
KaCz
.
KaCz
5
65
KaCz
KapaCz- Lu
KaCz
El Manantial
TEJAB` N DE LA ROSITA
KaCz
52
L. EL OCOTILLO
68
60
70
.
45
C. EL OCOTILLO
45
53
Benito JuÆrez
KbapCz- Ar
KhapCz
25
Qhoco
KaCz
25
KaCz
5
on
B’
40
42
Venustiano
Carranza
16
KcessLu- Cz
34
KaCz
A
TeoCgp
TeoCgp
8
.
40
15
62
a
64
Qhoco
16
38
San Antonio de Zaragoza
B. CANDELARIO
RODR˝GUEZ M.
30
Gregorio A. Garc a
TejabÆn
del Progreso
Qhoco
a rg
79
KapaCz- Lu
14
.
30
. Qhoco
25
KaCz
.
BAJ˝O LAGUNA SECA
.
KhapCz KapaCz- Lu
TeoCgp
30
15
KaCz
18
KbehCz- Lu
KaCz 22
42
13
.
L
sta
ue
.
32
66
25 .
Qhoco
.
.
40
22
80
63
Qhoco
16
22
B. SAN JULI` N
KhapCz
35
30
35
.
EL COLOR˝N
Zn,Pb
(ES,07,OX)
KaCz- Y
39
Las Margaritas
.
51
.
KaCz
.
.
s
Qhoco
14
TeoCgp
KaCz
Qhoco
SAN JOS
DE ZARAGOZA
18
CUEVA EL DIABLO
20
35
18
San Luis
KapaCz- Lu
il l
32
.
25
.
.
Qhoco
35
KaCz
Boquillas el Refugio.
KcessLu- Cz
36
C. EL GUANO
.
.
Qhoco
.
KcmAr- Lu
30
.
31
.
Estaci n
Ojo de Agua
A
re
Qhoco
.
JokCz
Qhoco
es
.
KaCz
15
25
28
18
El Suspiro
18
25
15
54
25
50
BOQUILLA DE LAS PERLAS
.
7
.P
30
KaCz
KaCz
C. SAN FERNANDO
30
Qhoco
A
C. EL PANAL
C. LA CUEVA
.
TeoCgp
Fm. Ahuichila
EOCENO
INF.
12
Estaci n Bilbao
35
46
45
San Francisco
del Progreso
TRI` SICO
KcessLu- Cz
42
CUADRO SALINO
SAN MANUEL
C. CANDELO
IGNACIO ZARAGOZA
65
.
aæ
.
.
26
25
GILITA
.
.
A. Las A
lmendrill
as
47
KcmAr- Lu
.
6
24
45
Estaci n Claudio
45
52
sC
Lo
50
.
R o Escondido
12
.
Las Margaritas
KapaCz- Lu 16
A.
.
15
00
Qhoco
TomIg
KaCz
JUAN
EUGENIO
30
29
.
KbehCz- Lu
.
4
KbehCz- Lu
KaCz
0
150
.
62.
30
32
C. EL PASTOR
A
JokCz- Ar . La LA UNI N
30
Javier Rojo
G mez
LA VENTANA
PICARD˝AS
33
27
.
50
KaCz
ToR- Ig
TeoCgp
Ar
zkC
Jo
Cz
Jok
-Y
Cz
Jok
26
BUENAVISTA
Tierra Y Libertad
MESA LA DIFUNTA
.
CERROS EL MOLINO
C. LA CASITA
a
ie t
rzo
CLOR-SULF
VILLA DE BILBAO
La Uni n
del Barrial
30
KcmAr- Lu
r
a P
gu
61
e Ma
15
Estaci n Paila
a
18
LAS MIELERAS
25
30
KbehCz- Lu
.
Estaci n
Gilita
LA ROSITA
58
37
37
Cinco Hermanos
KhapCz
La Leona
Corea
El Manantial
42
KbehCz- Lu
TeoCgp
ay a
ta h
TomIg
44
25
.
.
.
65
32
18
TeoCgp
.
A
ER
DR
PE
.
.
10
PEDRICE A
23
70
Qhoco
TomIg
EY
34
LA
.
SAN .ISIDRO
Pb,Ag
Tpl(?)B- A (CH,07,OX)
al
NAZARENO
KaCz
.
6
.
. .
15
.
.
15
Pi
u ra
Sepult
.
.
.10 .
BORDOS
.
EL HU RFANO
.
.
El Confil
26
Torrecillas
JA
G
25
75
Tpl(?)B- A
EL
JtLu- Cz
TeoCgp
RA
ER
SI
.
. .
.
Tpl(?)B- A
TomIg
32
Providencia
59
os
.32
N
10
TomIg
.
.
48
nc
a
A. L
TeoCgp
SI
JtLu- Cz ERR
A
TR
PA
16
20
av
an
gu
SANTO NI O
AGUANAVAL
65
33
KcessLu- Cz
PARR
AS
a
25
27
27
L ib
TeoCgp
Tpl(?)B- A
.
Qhoco
s
Lo
A.
33
32
70
80
0
150
MESAS COLORADAS
Piloncillos
.
El Rosetal
KaceCz
TomIg
KhapCz
EL 41
PA
ST
OR
22
RA
ER
SI
TnCgp
TomIg
18
25
Qhoco
JokCz- Ar
SAN CARLOS
Ag,Pb,Zn
(MA,07,OX) KaCz
26
CA
65 N
28
NUEVO
80
. 78
40 .
GRASEROS
70
KaCz
TomIg
80
30
KaceCz
KapaCz- Lu 52
TRJ(?)MV 37
65
51
KcossLu- Ar
TomIg
76
.
KaceCz
TomIg
37
50
25
65
.
TeoCgp
.
KaCz
21
TeoCgp
.46
.
.
.
.
.76
TomIg
TomIg
.
26
.
KaCz
48
KcossLu- Ar
20
TomIg
.
62
TeoCgp .
TomIg
.
10
KaceCz
59
. 15 . KaceCz
.
33
64
.
19
.
.
26
LOS CARLITOS
TomIg
TomIg
KaceCz
KaceCz Bentonita
TomIg
KaceCz
33
TomIg
.
(MA,07,SC)
KaceCz
48
.
TeoCgp
.
C. EL PANDO
30 KaCz
KaceCz
17
MESAS COLORADAS
Bentonita
(MA,07,SC)
TeoCgp
50
15 23
45
30
C. LOS LOBOS
5
28
.
Fm. Sta. InØs
OLIGOCENO
INF. MED. SUP.
El Cuatro de Marzo
42
A. C uatro d
22
El Cuatralbo
25
12
KaCz- Y
El Saucillo
San Antonio el Alto
KcmAr- Lu
28
.
15
LLANO SAN JUAN
Nueva
Reynosa
La Barca
LA FLOR DE MAYO
EL SACRIFICIO
.
57
9
23
32
24
20
63
Qhoco
.
TomIg
O
EG
RR
BO
EL
.
86
N
TeoCgp
85
38
Las Piraæas
KaCz
.
TeoCgp
KapaCz- Lu
CA
Le
85
53
51
.
25
.
JokCz- Ar .
.
KaCz
10
22
O
AT
UL
LM
AE
RR
SIE
TomIg
KcossLu- Ar
30
23
C. EL PICACHO
64
40
25
56
24
KbehCz- Lu
Cuencame Concession
KaceCz
KaCz
51
P. FRANCISCO ZARCO
S
ERO
RAS
RA G
SIER
.
TomIg
.
27
KcossLu- Ar
.
24
.
22
SIERRA LA VACA
TomIg
50
69
.
EMILIO.
CARRANZA
80
.
.
JokCz- Ar
KaCz
TeoCgp
.
TeoCgp
54
il o
.
60
KaCz
23 .
30
Qhoco .
El Capricho
Nuevo Mieleras
Qhoco
KaCz
16 15
25
.
70
A
.
A
28
.
.
56
55
57
67
50
PA
ES
TomIg
EZ
CA ON FERN` ND
Qhoal
65
DE
CA ADA LOMA VER
1500
10
12
44
.
18
KaceCz
JokCz- Ar
KaCz
S
OA
SN
LA
18
KaCz
TomIg KaceCz
TeoCgp
TomIg
Qhoco
13
72
.
38
.
.
.
L` ZARO C` RDENAS Qhoal
.
Buenos Aires
KcossLu- Ar .
TomIg
R. Na
SAN PEDRO
z as
.
67
EL TONGO
. .
SANTA TERESA
DE LA U A
68 TomIg
KaCz
25 15’
40
38
43
42
.
65
37
40
A
RR
SIE
.
.
.
LOS GAMBUSINOS
Au,Zn
(VT,07,OX)
44
JokCz- Ar
54
KaCz
.
JokCz- Ar
38
KaCz
50
S
RA
NE
BO
AR
NC
os
lam
KaCz
80 10
Qhoco
C. PEDERNALILLO
00
Qhoco Qhoco
20
62
TeoCgp
82
52
13
15
43
VEINTIOCHO
DE MARZO
43
24
.L
RA
ER
SI
CA
26
TomIg
Qhoco 62
KcossLu- Ar
83
Santa Anita
KcossLu- Ar
KaceCz
36
50
70
s`
Lo
A.
TomIg
Rosario
49
.
La Paila
sta
M E S O Z O I C O
.
.
avi
a
.
.
16
.
en
12
C’
0
150
Cerro Bola
29
.
.
.
Bu
28
A. L
32
.
55
.
A.
.
.
A. El Veinti
oc
O
.
.
.
24
lM
OS
. 12
. .
La Virgen
.
..
14
..
KcmAr- Lu
.
El Mimbre
64
48
A.
E
RN
El Sol
KcmAr- Lu
18
22
.
.
a Erm it
a
SA
40
KapaCz- Lu
Qhoco
48
Qhoco
TRJ(?)MV 40 42
30
12
KbehCz- Lu
KaceCz
TeoCgp Qhoco
JokCz- Ar
KhapCz
53
El Refugio
50
20
KaceCz
La Goma
SAPIORIS
62
40
46,47
LA LOMA
.
41
.
19
.
A SALTILLO
EL
00
15
.
KcossLu- Ar
10
TeoCgp
S
RE
NA
ZA
AN
AM
RR
SIE
15
VEINTIUNO DE MARZO
.
Estaci n
Cacama
KcmAr- Lu
16
.
1500
10
KcmAr- Lu
KcmAr- Lu
SAN RAFAEL DE LOS MILAGROS
KcmAr- Lu
Estaci n Madero
C a. Minera La Roja
Gravimetr a (Hidraœlico)
250 t/d
Estaci n Madero
JUR` SICO
e
rr
ui
A. V
eg
a
Estaci n Pomona
A MONTERREY
Estaci n Italia
65
.
50
Italia
.
KcmAr- Lu
RA
42
KaCz
30
TnCgp
MIOCENO
SENONI ANO
00
20
Estaci n Ceres
TORRE N
JokCz- Ar
Tpl(?)B- A
PLIOCENO
CONIA.
La Encantada de Guadalupe
25 45’
A’
O
R I
S A
R O
E L
25 30’
QptTr
1.68
La Luz
.
ER
SI
R A
E R
S I
25
Qhola
Qhoco
PLEISTOCENO
Santa Mar a
San Luis
Ma
Qhoal
DESIERTO (LAGUNA) DE MAYR` N
2000
G MEZ PALACIO
T. S. MADRE
HOLOCENO
MAAS.
150
0
25 45’
T. PARRAL
PALEOCENO
1500
50
T. PARRAL T. S. MADRE
TomIg
El
M
im
˝
48
CLAVES
CARTOGR` FICAS
COLUMNA
POCA
Grupo Mezcalera- Fm. Baluarte
AP
EM
ND
A’
’
60
Qhoco
40
KaCz
DOLO
77,78
24
KcessLu- Cz
M
75
CHILE VERDE
Fluorita
(VT,07,FL)
40
KcessLu- Cz
83
81,82,84,85
EL MUERTO
Fluorita
(VT,07,FL)
83
KaCz
MESA EL CAMPO
LA VICTORIA
35
50
BO
A LA ZARCA 96 Km.
5
Mala Noche
KcessLu- Cz
Qhoco
Qhoco
10
.
3
5
a
Qhoco
.
LA GLORIA
Fluorita
(VT,07,FL)
KcessLu- Cz
A. La B a r r a nc
KcessLu- Cz
.
No
5
r ia
12
85
Qhoco
12
10
80
MESA VILLARREAL
El
KaCz- Y
.
Nueva Trinidad
Amapolas
35,A,B,C SIE
C. PRIETO FABULOSA 2 TeoCgp
NUEVO MUNDO
RR Rodrigo G mez 10
FØlix Ram rez
11
72
SALVADOR DE ARRIBA
A
Cu
San JosØ
OXID-SILI
5
B
24 57
SOF˝A
35
ER
.
de los ` lamos
Garz n
6,7
(BR,07,SF)
TeoCgp
M
SAN FRANCISCO
TomIg
PUR˝SIMA DE RUBIO
17
. .
EJ
TeoCgp
OXID-SILI 21
13
.
San Francisco
LA SILVIA 70
KATANGA
IL
LA PLATOSA
DE
HORIZONT
GUADALUPE
E
L
6
60
de Afuera
Pb,Ag
Noria los Carrillo
50
O 7
SAN JULIO
19
Cu,Pb
Ag,Pb
3
Au,Ag
.
LA VIRGEN
Qhoco
(VT,07,OX)
12 Tpl(?)B- A
(VT,07,OX)
(BR,07,SF)
(MA,07,SL) KcossLu- Ar .
Dieciocho
San AndrØs
SILI-SERI
JAUJA
Loma Verde
de Marzo
LA FIERROSA
EL HUNDIDO
7
.
Casas Blancas
El Rosalino
COVADONGA
KcossLu- Ar
Sr
5
55
Fe
.
SANTANA
30
Don Diego
(ES,07,SL)
20
LA REYNA
(MS,03,OX)
DE ARRIBA
KaCz- Y
TeoCgp
LA PINTA
B. EL TULE
Calcita
A.
Pompeya
Las Amarillas
54
EL POETA 7
35
DIQUE
13
14
(BR,07,CB)
BERMEJILLO
Sr
SULF
GABINO
72
Au,Ag
Bellavista
.
(MA,07,SL)
LA FAMA
25
V` ZQUEZ
La Jarita
Divisi n
(BR,07,OX)
Gabi
40 Tpl(?)B- A
Au,Ag
del Norte
Benito JuÆrez
SAN FRANCISCO
LA UNION 62
TRUNCADA
(VT,07,OX)
VEGA LARGA
DE LA F
10 47
Pb
CORU A
SAN RAFAEL
EL LUCERO
Au,Pb
Nuevo
BANCO
La Victoria
CINE
(VT,07,SF)
DE ARRIBA
(BR,07,OX)
Las Luisas MØxico
NACIONAL
Au,Ag
SAN JOS BELLAVISTA
KcossLu- Ar
Garc a Lozano
(VT,07,SF)
El Cuarenta
.
Saloæo
JosØMar a Morelos
12
SANTA MAR˝A
.
Independencia
La Pur sima
HUITR N
EMILIANO
COL N
18
VEINTID S DE FEBRERO
ZAPATA
Santa Rita
LEQUEITIC
SAN
VICENTE
.
LA F
San Ram n
.
Cu
ARTURO MART˝NEZ
El Astillero
EL ESTRIBO
LAS MERCEDES
60
.
SAN JUAN
(BR,07,OX)
ADAME
e
JIM NEZ
DE ULUA
br
KcossLu- Ar
San Jorge
EL RETIRO
FLORENCIA
El Rosario
MAPIM˝ 16 15
FLORES MAG N
KaCz
EL BARRO
26
TeoCgp
HIDALGO
ALEJO GONZ` LEZ
SAN
.
PRIMERO
PROVIDENCIA
SANTA
A
. 65
ALBERTO
San Alejandro
AQU˝LES SERD` N
CLARA
OXID-SILI
DE MAYO
80
27
VALLE
SEIS DE
BUENA
30
Nuevo Jeric
San JosØ
AGUST˝N DE ULUA
.
OJUELA
KaCz
OCTUBRE
DE EUREKA
VISTA
del Colorado
GLORIETA
L`
ZARO
Zn,Pb,Ag
.
MARGARITA 4
TeoCgp
VEINTE
20
San Luis
LAS
VIRGINIAS
C` RDENAS
Fe
(CH,07,OX)
DE NOVIEMBRE
de Gurza
La Fortuna
(BR,07,OX)
San Francisco de Gurza
TeoCgp
El Huisache
LUCHANA
El Patrocinio
M` RMOL
MARTA
Qhola
LOS ` NGELES
6
(Cantera)
13
VENECIA
CONCORD
FRANCISC
IA
O
7
ARCINAS
La
Paz
San Antonio de Gurza
Jeric
San NicolÆs
San Pedro OXID
LUIS
FERRINO
EL
PORVENIR
I.
MADERO
MADRID
12
.8
Bol var
El Progreso
60
57
KaCz
Qhoco
L` ZARO
88
SEIS DE OCTUBRE
C` RDENAS
POANAS
LA FLORIDA
SAN PEDRO DE LAS COLONIAS
CALIFORNIA
60
VETA NEGRA 28
ESTIBINA
Las Habas
70
12 TeoCgp
29,29A
AEDO
Benavides
PASTOR
Sb 20
Grafito
30
AMPL. LA LUCHA
BRITTINGHAM
PRESA DE GUADALUPE
ROVAIX
53
GREGORIO GARC˝A
ToGr- D
(MA,10,GF)
(VT,07,OX)
Compuertas
Fe
55
20
˝
M
22
(MA,07,OX)
GUADALUPE
SAN JUAN LA ZACATERA
San Francisco
CARB
API
5
JABONCILLO
. M NICA
SANTA
ESMERALDA
El Retoæo
KaCz- Y
de Arriba
AM
VICTORIA
Chihuahua Viejo
PUEBLO
Au,Pb
Zn
RR
SAN IGNACIO
KaCz- Y
SIE
NUEVO
.
EL NILO
40
(BR,07,O
VICENTE SU` REZ
(ES,25,OX)
X)
EL
CONSUELO
SAN
LORENZO
M` RMOL(Cantera) M` RMOL(Cantera)
EL VENADO
DOLORES
NUMANCIA
SANTA CRUZ
SAN LORENZO
DINAMITA
LA LUZ
NUEVO LE N
Las Cuadritas
g
Noria
.
GUERRERO No.1
REFORMA
A
(MA,07,SF)
15
KaCz
Nœ
22
mero
Tres
de
EL PILAR
SAN ESTEBAN
San NicolÆs
Fe
PALO
Yeso
La Tehua
Estaci n
SULF
KaCz
LA
DISCORDIA
SANTA
DE
Santa
ABAJO
Br
ANA
gida
CALIZA(Cante
(MA,07,OX)
ra)
23
BLANCO
NoØ
KaCz- Y
EL QUEMADO
Sr
0
DEL PILAR
50
SAN
MIGUEL
JtLuCz
1
SAN ANTONIO DEL COYOTE
EL ALBA
(MA,07,SL)
La Plata
Masitas
Cleto
EL CUIJE
Ignacio
27
Au,Ag
San Mart n
Santa Eulalia
ToGr- D
CARB
20
21
El Chimal
17
Zaragoza
FRONTERA
EL F NIX
23
JtLu- Cz
(BR,07,OX)
GOB.
EL
32,33
COMP`
SAN
S
FELIPE
55
Manila
.
68
86
azas
s
a
az
N
Fe
A. N
20
A.
25
TeoCgp
HORMIGUERO
NO
PASTOR
31
BUEN ABRIGO
.
40
San
Felipe
ToGrD
A. El A
(MA,07,OX)
82
A
68
ROVAIX
20
SAN LORENZO 3 SIE
69
Jacales
SANTO A
st i
. ..
RRA KaCz- Y
TeoCgp 76
Na
LA POPULAR
LA PROVIDENCIA
.
ll e r o
PUR˝SIMA
El Cairo
37
z as
LA COMPETENCIA
SAN
Sr
. BRECHA-CANTERA
20
Mn
MAYR` N
Qhoco
TeoCgp
L
LAS MEREGILDAS
45
ORE
24
.
Au,Fe
ALBIA
22
(MA,07,SL)
34
SOLIMA
NZO
SAN MARCOS
23
(MN,07,OX)
Pb,Zn
87
KaCz28
Santiago
Y
TeoCgp
SIERRA
15
.
(BR,07,OX)
Bucareli
50
(BR,07,OX)
Cerro KaCz
San Patricio
20
Maravillas
72
TomIg
70
C. EL SAUBATE
La Mina HERMOSA
San JosØ
26 Blanco
Atalaya
Ana
15
SAN
DRAG N
..
75
.
80
El L bano
EL COLORADO
SAN JOS
Santa Sof a
25
Pb,Zn
SEBASTI`
.
N
El
Triunfo
82
40
M` RMOL (Cantera)
20
DE VI EDO
CERRO BOLA
GRANADA
(CH,07,OX)
Qhoco LA LUZ
Qhoco
TeoCgp
OXID
25
Sr
.
TomIg
EL VERGEL
Qhoco
EL CAMBIO
VALLE SANTA IN S
La Esperanza CERRO BLANCO
LA CONCHA
STO.
TOMAS
Qhoco
(MA,07,SL)
Sepœ
lveda
29
TRANSPORTE
Sr
87
EL CARI O
TeoCgp
80
47
50
30
45
27 CALCITA(Cantera)
Qhoco
(MA,07,SL)
MONTE ALEGRE
La Cuchilla
KaCz- Y 82
LA ESPERANZA
Filadelfia
La Gotera 24
20
SOL˝S
TeoCgp
Mn
A. L
25
KaCz- Y
Ricardo Flores Mag n
a T re m e ntina
EL ESFUERZO
12
28
(VT,07,OX)
.
44
Mn
78
San Antonio la Cantera
SIER
Santa InØs
55
12
80
RA M
TomIg
Qhoal
(VT,07,OX)
EL PER
ANNA
28
Qhoco
LA
AYR
UNI
TeoCgp
N
40
20
DOLORES
IGNIMBRITA(Cantera)
`N
B. BALTASAR
KaCz- Y
20
KaCz .
KaCz
LA PARTIDA
SAN
45
28
KaCz- Y
10
34
TeoCgp
Qhoco
KaCz
13
LA PAZ
. IGNACIO
5
Benito JuÆrez Qhoco
5
TeoCgp
Corona
10
SAN AGUST˝N
12
62
IGNACIO ALLENDE
18
Qhoco
KaCz- Y
35
Qhoco
70
34
20
30
Qhoco
74
18
36
KaCz- Y
35
EL
KaCz
CONSUELO
SIERRA TEXAS
TomIg
KaCz TeoCgp
30
30
KaCz
16
.
.
SANTA FE
20
38
Qhoco
La Esperanza
4 46
69
SAN LUIS
Andaluc a
JokCz- Ar
KaCz
A. la Veg
40
.
30
19
ad
LA UNO
33
2
70
e
53
l
TeoCgp
C
C
KaCz
aracol
UCH
36
SAN ANTONIO DE LOS BRAVOS
20
Ignacio Zaragoza
14
6
ILLA
37
18
LLANOS JOS D˝AZ
37,38
S LA
KaCz
LA JOYA
.
45
KaCz
36
46
S CA
TeoCgp .
El Colorado
40
37
10
5
.
RRE
Villa
Nueva
31
SAN ISIDRO
TAS
SIE RR
24
A
MATAMOROS
Qhoco
KaCz El Polvo
TeoCgp
28
Nueva Margarita
32
KaCz- Y
DIVISI N
.
TnCgp
12
KaCz
.
LOS ` NGELES CIUDAD LERDO
Qhoco
`
LVARO
DEL
NORTE
TeoCgp
EL GUARACHE
OBREG N
SAN MIGUEL
39
Met-Mex, Peæoles, S.A. de C.V.
TRJ(?)MV
.
Morelos Trece
SALAMANCA
TeoCgp
40
TeoCgp
CERRO PRIETO
57
KaCz
67
.
Qhoco
Fundici n
Au,Ag,Cu
SEIS DE ENERO
28
20
44
36
19
48
KcessLu- Cz
(VT,07,OX)
1,096
CUADRO
KapaCzt/d
ESCOBAR
Lu
KaCz
28
.
VILLA JU` REZ
54
3
JUAN E. GARC˝A
A
25
LA PERLA
KaCz- Y
LE N TRJ(?)MV
KapaCz- Lu
10
TeoCgp
61
CARLOS REAL
TeoCgp
15
23
GUZM` N
Las Cuevas
EMILIANO
33
ZAPATA
58
Vicente
27
Guerrero
Sector Uno
C. ZAVALETA
KaCz
Ba
TomIg
MONTERREY
Qhoco
TeoCgp
HIDALGO
45
rr a
30
Zaragoza
8
LA GOMA
55
30
SAN JACINTO
nc
12
Guadalupe
GABINO V` ZQUEZ
.
JokCz- Ar
69
Qhoco
.
5
11
KbehCz- Lu
Qhoco
41
15
25
33
Qhoco
JokCz- Ar
50
40
KaCz
KaCz
48
32
San Pedro.
KaCz
50
Filipinas
. 15
51
s
Qhoco
a
Pancho Villa
az
30
23
53
27. 35 48
.
41
Qhoco
A. N
KcA
20
KaCz- Y
KbeceCz- Lm
12
8
KcessLu- Cz
APTIANO
.
.
18
San Carlos
KaCz
SIE
RR
AE
LC
LA
R˝N
KaCz- Y Qhoco
MESA
LOS LOBOS
TITHO.
11 5.
Qhoco
KaCz- Y
16
16
CUATERNARIO
El Venado
15
51
NE GENO
El Pilar
P RFIDO
Au,Cu
(BR,07,SL)
Tpl(?)B- A
.
PALE GENO
San Mart n
9
5
.
18
LA ESQUINA
Fluorita
(VT,07,FL)
ERA
Otzanduri
FINISTERRE
3
PER˝ODO
KaCz- Y
Corea
Cerro Colorado
800000 102 00’
26 00’
75 102 15’
50 102 30’
25 102 45’
KaCz
A MONCLOVA
00 103 00’
A.
8
TeoCgp
.
Qhoco
EVA II
Sr
(MA,07,SL)
75 103 15’
A TLAHUALILO DE ZARAGOZA 27 Km
A TLAHUALILO DE ZARAGOZA
C E N O Z O I C O
1
NUEVA ERA
Sr
37
(MA,07,SL)
La Esperanza
50 103 30’
TERCIARIO
es
4
A .Cu
38
KcossLu- Ar
3
36,37
23
A TLAHUALILO DE ZARAGOZA 31 Km
A JIM NEZ
LA GUERA
Caol n
(IR,07,AL)
4
2875000
30
2
80.
2
Ca
rri
llo
9
La
ta
LA CHAYO
Pb,Ag 8,8A
KcossLu- Ar
40
(VT,07,SF)
EVA
4
18
63
10,10A
Ag
PERLITA
(BR,07,OX)
11
Perlita
Cerro Colorado
E l Cobre
Los
na
TeoCgp
El Pajarito
KcossLu- Ar
o
Le
A.
SAN JUAN
Au,Ag
(VT,07,OX)
rto
ue
2875000
43
TeoCgp
A JIM NEZ 183 Km
625000 103 45’
TeoCgp
00
15
1
l
A. E
104 00’
26 00’
La Vaca
DURANGO
ZACATECAS
GOLFO DE M XICO
OC
AN
O
PA
C˝
FI
CO
106 00’
27 00’
26 00’
25 00’
104 00’
100 00’
27 00’
G13- 5
G13- 6
G14- 4
HIDALGO
DEL PARRAL
TLAHUALILO
DE ZARAGOZA
MONCLOVA
G13- 8
G13- 9
G14- 7
SANTIAGO
PAPASQUIARO
TORRE N
MONTERREY
G13- 11
G13- 12
G14- 10
26 00’
25 00’
DURANGO
24 00’
106 00’
102 00’
CONCEPCI N
DEL ORO
JUAN ALDAMA
104 00’
102 00’
24 00’
100 00’
?
210.0
250.0
640 000
660 000
680 000
_
^
_
^
_
^
2 760 000
^^
_
__
_^
_^
_^
^
_
_ ^
^
_^
_
^
_
^
_
^
_
^
^
_
_^
^
__
_^
^
_
_ ^
^
_
^
_
^
Utm Nad 83 Zone 13
620 000
GEOLOGICA INC.
0
From: Mundoro Capital Inc.
September 20, 2011
5
K
K
KK
K
KK
K
K
KK
K
KK
K
K
KK
K
K
KK
_
^
_
^^
_
_^
^
_
640 000
_
^
10
Kilometers
15
20
2 760 000
2 780 000
_
^
2 780 000
_
^
_
^
±
K
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
KK
2 800 000
_
^
700 000
2 800 000
K
KK
K
K
KK
K
K
KK
K
KK
KK
K
K
KK
K
K
KK
K
K
KK
K
KK
KK
K
K
KK
K
K
KK
K
K
KK
K
KK
KK
K
K
Cuencame Concession
KK
K
K
KK
K
K
KK
K
KK
KK
Gravel Pit &
K
KK
Marble quarry
K
San Diego
Velardena Mine
KK
K
K
KK
K
Chicago Mine
KK
K
K
K
KK
KK
K
K
K
K
KK
K
K
KK
K
K
KK
620 000
_
^
Property contour
_
^
660 000
680 000
Mineral Occurence
700 000
- Cuencame Concessions Area Magnetic Map - Figure 4
800 000
900 000
Cienaga Deposit
(Au, Ag, Pb, Zn)
_
^
Sierra Madres
(Oriental)
Silver Standard Resources
2 800 000
Pitarrilla Deposit
(Ag & Base Metals)
Gold Corp
_
^
Penasquito Deposits
(Au, Ag, Pb, Zn)
Ecu Silver Mining Inc.
_^
^
_
_
^
2 700 000
Velardena Properties
(Au, Ag, Pb, Zn)
Mesa Central
Plateau
_
^
2 600 000
Camino Rojo Deposit
(Au, Ag, Pb, Zn)
Fresnillo Plc
Fresnillo Deposit
(Au, Ag, Pb, Zn)
_
^
Utm Nad 83 Zone 13
400 000
Gold Corp
Geologix Explorations
San Agustin Deposit
(Au, Ag, Zn)
Sierra Madres
(Occidental)
500 000
600 000
700 000
GEOLOGICA INC.
0
From: Mundoro Capital Inc., Infomine.com
September 20, 2011
40
80
Kilometers
±
120
160
2 900 000
Fresnillo Plc
700 000
2 700 000
2 900 000
_
^
600 000
2 800 000
500 000
2 600 000
400 000
Regional Magnetic Map
800 000
900 000
- Mesa Central Plateau Ore Deposits -
Figure 5
630 000
640 000
650 000
660 000
670 000
680 000
690 000
Major Road
±
2 790 000
River, Stream
2 790 000
Sample no.132012
Limestone, brecciated, altered, iron oxydes, lits de vin
Rail road
Cuencame Concession
2 780 000
Sample no. 132008 (265 ppm Zn)
Marble, white colour, locally crystallized,
rugged with grey botryoidal, altered surface at places
Sample no. 132007
Limestone, altered,
carbonatized, oxydized
Sample no. 132010
Limestone, angular, erratic block, carbonate veining, iron oxydes carbonate
Sample no. 132016
Limestone, altered and brecciated with injection and/or veinlets,
black chert, tinted qtz-carb veinlets,burgundy lits de vin
Sample no. 132011
Boulder, angular and brecciated, limestone with veinlets,
iron carbonate,
qtz-carb veins, beige and red, fine to medium grain, locally recrystallized
2 770 000
Sample no. 132015
Limestone, grey, fractured and locally brecciated,
qtz-carb veins and veinlets,
burgundy iron oxydes alteration, lits de vin
Sample no. 132005
Limestone, altered, grey-beige colour,
rusty oxydized looking,
iron carbonate
Sample no. 132004
Limestone, altered,
beige colour
Sample no. 132009
Limestone with red iron oxydes carbonate, locally buff brown, atered surface
Sample no. 132013
Limestone, red thin units, E-W stratification,
altered, foliated, folded, schistozed
2 770 000
2 780 000
Sample no. 132017
Limestone, massive, locally grey, qtz-carb vesicular veinlets
Sample no. 132003
Limestone,
partly recrystallized,
grey-beige colour
Sample no. 132006
Limestone with 2-3 cm.clasts, brecciated and dolomitized
Sample no. 132014
Conglomerates with altered matrix, limestone fragments,
horizontal bedding on east upper flank of the hill
Utm Nad 83 Zone 13
630 000
640 000
650 000
660 000
670 000
GEOLOGICA INC.
0
Utm Nad 83 Zone 13
Durango and Coahuila Provinces
September 20, 2011
5
10
Kilometers
15
20
680 000
690 000
- Grab Samples Location Map -
Figure 6
610 000
620 000
630 000
640 000
650 000
660 000
670 000
Rail road
±
Major Road
2 790 000
2 790 000
River, Stream
2 780 000
2 780 000
Cuencame Concession
Ecu-Silver Mining San Diego Concession
2 770 000
Town of Velardena
Ecu-Silver Mining Chicago Concession
2 770 000
Ecu-Silver Mining Velardena Concession
Utm Nad 83 Zone 13
610 000
620 000
630 000
640 000
650 000
GEOLOGICA INC.
0
Utm Nad 83 Zone 13
Durango and Coahuila Provinces
September 20, 2011
5
10
Kilometers
15
20
660 000
670 000
- Adjacent Mining Properties Map - Figure 7
180 000
200 000
220 000
240 000
260 000
280 000
300 000
2 740 000
2 720 000
2 700 000
Utm Nad 83 Zone 14
180 000
200 000
220 000
240 000
GEOLOGICA INC.
0
From: Mundoro Capital Inc.
September 20, 2011
10
20
Kilometers
30
260 000
280 000
300 000
- Gold Corp Penasquito Deposit Magnetic Map - Figure 8
2 680 000
2 680 000
2 700 000
2 720 000
2 740 000
±
APPENDIX I
LABORATORY ASSAY RESULTS
FROM GEOLOGICA’S SAMPLING
I




























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
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


 
  







 
 


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  







 
 
APPENDIX II
PHOTOS
Co-author (Mr. Beauregard) with Mr. Michel Cormier, Scott Randall and
Rogelio Urbena Michel on the Cuencame 2
Mr. Michel Cormier, V.P. Exploration and Scott Randall,
Senior Geologist for Mundoro Capital Inc.
IV
Sample No. 132003
Sample No. 132004
Sample No. 132005
Sample No. 132006
Sample No. 132008
Sample No. 132009
Sample No. 132010
Sample No. 132012
Sample No. 132013
Sample No. 132015
Sample No. 132016
Sample No.132017
V

MUNDORO CAPITAL INC.

Transcription

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