COPALQUIN PROJECT PRESENTATION

COPALQUIN PROJECT
Au, Ag (High grade Veins and large tonnage
deposit of low grade)
MUNICIPALITY TAMAZULA, DGO.
CONCESSIONS
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La Soledad
El Cometa
San Manuel
Copalquin
El Sol
El Corral
Total
TITLE
SURFACE
52033
164869
165451
178014
236130
236131
6 Has
36 Has
36 Has
20 Has
6000 Has
907 Has
-------------7005 Has
• HOLDER Compañía Minera Copalquin, S.A. de C.V.
• All lots are currently in force and up to date in the
payment of taxes and all it´s obligations.
El Sol and El Corral (left), inside of El Corral
are La Soledad, El Cometa, San Manuel
and Copalquin (right).
Location and Access
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From Parral, Chih., by paved road to El Ocote (235 Km), from el Ocote by paved road to Las
Banquetas (70 Km), from Las Banquetas to Guajolotes by unpaved road (20 Km), from Guajolotes
to Copalquin walking through mule track approximately 13 kilometers.
Flight from Culiacán, Sin. to Copalquin (20 minutes). From El Alizal (Durazno airstrip) to
Copalquin (5 minutes)
Copalquin airstrip and helicopter
landing on area of El Cometa
RELEVANT DATA
• The concession are located on National Land( can be bought to
the Nation), very low population density, without timberland and
no Ejidos.
• Another attraction is the security in the area and no conflicts
with other owners or concessions of the land (they do not exist).
• It needs to be done approximately 13 Km. of dirt road to come
up with vehicles.
• There is a landing strip for light aircraft. Route of passengers of
Culiacan there is daily (20 min flight).
• The line of electric energy is 28 km. approximately. The creek
of Copalquin carries enough water throughout the year, does
not dry, as well as the others creeks that drain the area.
• Metallurgical testing by flotation gave recoveries of 83% which
indicates that with cyanide these recoveries would rise
considerably.
Historic Data
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Copalquin district was probably discovered sometime during the early 1800´s.
Numerous pleasures are present throughout the Copalquin and La Soledad,
streams, how attest hundreds of Taunas (rock mortar used to grind goldbearing material). This mining district has been worked intermittently since
more than 200 years ago.
The property is located within the mineral belt of the Sierra Madre in Durango,
Mexico. Land package comprises 23 historically productive mines of gold and
silver within its boundaries.
Historically, Copalquin is a district of high grade Au and Ag, type bonanza.
The potential for outbreaks of high-grade ore and additional exploitable
deposits of large-tonnage open pit, Au-Ag is excellent.
Previous extensive sampling programs performed by IMMSA (1983), Alta
Pimería (1995) and Kennecot (1995) outlines a potential target of a million
ounces of gold and 50 million ounces of silver deposited on the property
within the formation of low-grade horizontal quartz breccia. The property has a
series of parallel ridges of the failure breccia of more than 3 km.
In 1935, the company Minera CIBOLA developed several mines with the
recommendation by Mr. J.W. Patterson. In 1933 CIBOLA reported reserves
of 147,000 tones with grades of 14.5 g/t Au and 590 g/t Ag. The ore was
milled using a 3-stamp mill of 74 t/d in Santa Maria as 1.5 km down the
Copalquin stream. Total production, mainly of San Manuel and El Cometa
mines probably did not exceed 35,000 tones.
• The mining district of Copalquin is reputed to have produced of
quartz veins and breccias of veins, at least 250,000 ounces of gold
and 11 million ounces of silver from 336,000 tons mined before 1985.
Much of this production was before the Mexican Revolution (pre1920), and most came from only 5 mines: San Manuel, Los Reyes, El
Refugio, La Soledad and El Cometa, all of which are located within
the Copalquin property. Resources of veins and vein breccias, as
indicated by surveys and mapping under the ground (more than 900
samples), totaled 435,625 tones with grades of 12.7 g/t Au and 539
g/t Ag (178,000 oz Au and 7.5 oz Ag).
• La Soledad is the largest of the historical mines at Copalquin and
according to Wilkins 1998, total mine production was approximately
200,000 ounces of gold and 8 million ounces of silver from an
estimated 136,000 tons of material. The mineralized zone outcrops
in an open cut to 1104 m (above sea level) and was developed in
four underground levels (1100, 1043, 976, and 950 m). Around a
long section prepared 1935 (Wilkins, 1997) represents a single
undercut 35 to 75 meters wide that extends approximately 140 m to
down-depth. Wilkins (1997) reported a historic average grade drawn
from the order of 50 g/t Au and 2,300 g/t Ag.
• The total production of the district is unknown, but several
good estimates are available. The estimated production of
the 3 main mines, as indicated by the extensive mining and
assay of pillars and veins is as follows:
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Mine
Tonnes Au g/t
El Refugio
33,000
10
La Soledad 112,000
52
San Manuel 10,000
6
---------------Total
155,000
40
Ag g/t
Au oz
Ag oz
178
10,610 188,900
2327 187,249 8´379,400
320
1,929 102,900
-------- ----------- ------------1740 199,788 8´671,200
• Minimum total production would be 6´214,000 grams (200,000
ounces) of gold and 269´698,000 (8.67 million ounces) grams
of silver. The production of CIBOLA estimated around 35,000
tons with 543,750 grams (17.500 ounces) Au and 2.21 million
grams (700,000 ounces) Ag.
• Another remarkable production came from Los Reyes and La Constancia
mines. Of the 18 remaining mines, all have very limited production or
exploration work. The tonnage mined, including the tonnage of 20 other
mining operations in the district was estimated by IMMSA (1983) of
286,247 tons. The San Manuel mine was operated from about 1970 to
1985 by Mr. Francisco de la Rocha Tagle of Culiacan, Sinaloa. The
production was only approximately 10 t/d and only for about 100 days per
year with approximately 15,000 tons of total production.
• The total production of the property exceeds the 336,000 tons with at least
250,000 ounces of Au and 11 million ounces of Ag. Copalquin was a
district bonanza of Au-Ag with significant production.
• Assayed samples and maps of Patterson (1935) were reproduced in the
report of IMMSA. Assay verified by IMMSA (1983) gave good to excellent
correlations with the assay of Paterson. In total, 900 samples were cut and
tested. In addition to sampling of veins, numerous examples of breaches of
rock walls were cut in any side of the veins and stockwork and breccias in
other sites. Patterson work shows that the highest production occurred
before 1935 and probably in 1910 pre-revolution times.
• The study of Alta Pimería reports exploration potential of 800,000 ounces
of Au in only 4 mines as follows: El Refugio 200,000, La Soledad 200,000,
El Cometa 200,000 and San Manuel 200,000.
On the property is located machinery of iron casting as Mills moved
by a Pelton wheel based on the waterfall as motive force,
manufactured
in
England
in
the
year
of
1800.
Until today at Copalquin Stream, arriving at the settlement of El
Limón, prospectors are washing sand from the stream and retrieve
gold with Quicksilver.
Flotation beneficiation plant
for 10 t/d
Geology
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The Copalquin project is located in the limits of the States of Durango and Sinaloa, in
the physiographic province of the Sierra Madre Occidental, in the Pacific slope.
Geologically it consists of a sequence of rocks ranging from the upper Cretaceous to
Oligocene, wherein a granodiorite with dimensions bato lithic age Eocene intrusion the
basement formed by andesites afaniticas and porphyritic, units that emerge due to
windows of erosion that has left them exposed by erosion processes on the Oligocene
volcanic rocks. All these rocks become observe intruded by dikes of andesitic
composition. Quartz veins are in tertiary andesite, which overlap with intrusive quartz
tertiary monzonites.
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The area is affected by hydrothermal events that have produced veins, breccias and
zones of stockwork with economic values of gold and silver.
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From the limited diamond drilling carried out to date and previous mining activity at
Copalquin property, it is believed that precious metals mineralization is hosted by a
stockwork/breccia quartz tertiary volcanic unit. This unit is flat-lying, of up to tens of
meters thick and widespread, occurring in El Cometa, El Refugio (700 meters to the
West), La Soledad (500 meters to the North) and elsewhere on the property. This is
superimposed by a cap rock dacite component and sustained by volcanic relatively
fresh and diorite. The quartz stockwork/breccia unit has high values of precious metal
(generally 50 ppb to several grams of gold per ton with associated silver). However,
locally within this unit, areas with breccias, faults, sulfidificacion, silification and
alterations of chlorite and sericite are intensified. Within these zones, argentite,
electrum and free gold occur resulting in mineralization of precious metals of high grade
in vertical and sub vertical outbreaks which were previously exploited in El Refugio and
La Soledad. The same mechanism seems to be associated with high grade
mineralization that is been finding in El Cometa.
• Main bodies containing gold in La Soledad and San Manuel are veins of
white quartz, usually with enough dip (50-65 °), and confined to the
pyroclastic (andesites and latites) rather than granodites (quartz
monzonite). The vein of El Cometa is rather superficial (40-45 °) and Los
Reyes virtually horizontal (10-20 °). Of particular importance seems to be a
breccia flooded of silica which was seen occupying the hanging wall of El
Cometa, La Soledad, San Manuel and Los Reyes, but only where the vein
has economic mineralization of gold or silver. Forseille mapping in El
Cometa-La Soledad Crest shows a breccia very scattered silicified
occurring as outcrops. There are suggestions that this breccia is a
containing of gold and silver, which means that this could be a primary
target of exploration. The direction of the veins seems WNW to NW, with
NNW to NS with remarkable faulting post mineralization.
• Wilkins recorded mineralogy economic as free gold, electrum, argentite,
tetrahedrite, pyrite and Ruby Silver (pirar girite), with traces of galena, and
their oxidation products. Veins and breccias are predominantly quartz,
with lower calcite and adularia. Statistical work in the geochemistry of
Kennecott shows low, but anomalous values of Pb, Zn, and low
background of As, Sb, Hg and Bi associated with AU-AG mineralization.
• The geometry of the veins is very variable. There are two systems of veins
pronounced well developed, a long area of shallow dip stockwork veins
and several more isolated shallow dip structures.
Mine area zones Photos
Results of Diamond Drilling
Exploration
Bell Coast Capital Corp.
Explore from late 1997 to early 1999
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Complete an extensive program of geochemical sampling and mapping in four
target areas at the property including a recognition of mapping and sampling of the
underground works.
Highlights of this program include the emergence of three large anomalies of gold
identified by samples of soils and rocks taken in one grid detail. Two mining
previously without map were also identified in the crest of Los Reyes. All samples
were assayed for Au (by fire assay) and Ag (Acua Regia-AA) by Chemex Labs in
Vancouver.
Two anomalies occurred on the crest of Los Reyes approximately 350 meters
apart. The anomaly in the North is about 100 square meters and is centered
around a mine previously unknown 350 meters north-west of the mine of Los
Reyes, which seems to be an extension of the main mineralized zone. A sample of
section 1.2 meters along the breccia of quartz zone returned a value of 6 g/t Au.
As in Los Reyes, quartz breccia is angle low and near the surface presenting a
potential deposit extended to large-tonnage open-pit.
The second anomaly is 200 meters long and 100 meters wide and encompasses
the Los Reyes mine. This also includes an underground work previously unknown
25 meters North of the Los Reyes mine, the entrance of which was covered by
overgrowth. This new mine was developed by 100 meters of tunnels which are still
to a zone of silicified breccia. A sample of 2 meters through this area assayed > 10
g/t Au. This area appears to be related to the area of Los Reyes since it also has a
signature of low angle. This can represent a structure of enriched transverse
failure of gold which was previously observed in the Los Reyes mine. Surveys
taken from outcrops above the Los Reyes mine are all anomalous in gold. A rock
sample essay 2.5 g/t Au over an interval of 1 meter.
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A third area of anomalous runs from El Cometa mine to the mine of La
Soledad covering 400 meters long and ranging from 100 to 200 meters wide.
Another Crest northward parallel to the crest of La Soledad is highly
anomalous with many quartz breccia fragments exposed on surface. Eleven
samples of outcrop of 1 meter or more sections of the brecciate within this
anomalous area assayed between 0.1 and 2.2 g/t Au with a sample close to
La Soledad assayed 8.4 g/t Au.
A significant silver anomaly was identified during the study of recognition on
the crest of a kilometer in length between El Cometa and Los Reyes. This
Crest hosts two small-scale mines, Copalquin and Zaragoza and has been
relatively unexplored.
Based on these results and previous data, a program of 31 holes of diamond,
2500 meters, was completed in November 1998. The diamond drilling was
carried out in 4 areas, El Cometa, La Soledad, Los Reyes and El Refugio.
The results more encouraging were in El Cometa area, intersections of high
and low grade were cut, a sample of 90 cm of the drill hole DDH EC-2 gave
949 g/t Au, in a section of 13.25 meters with 96.9 g/t Au and 704 g/t Ag. Other
various sections mineralized in this area were in excess of 34 g/t Au.
Logs of El Cometa area drilling cores identified a large breccia of quartz flatlying with local vertical expressions. High and low grade Au-Ag mineralization
along this breccia. The mineralization is complex but appears to be
structurally controlled with several faults intersected in all holes drilled. Further
drilling will be required to follow the trend of the zones of high grade which
occur near the surface and are relatively easy to exploit.
• El Cometa
• The EC-2 hole near El Cometa mine intersected 25 meters of breaches of
quartz stockwork overlain by 15 meters of andesitic breccias. A bonanza
zone was intersected 25 vertical meters in depth, major intersections in
table 2 are summarized below.
• Using a breakpoint of 0.02 oz/t of gold equivalent, the hole intercept 13.25
meters averaging 2.4 oz/t Au and 22.8 oz/t Ag, within which this a section
of high grade averaging 8 oz/t Au and Ag oz/t 73 above 4 meters. The gold
occurs as free gold within the fault zone and gold smoky quartz and
fractures in the adjacent rock wall. El Cometa was originally considered a
target for large tonnage low grade within a breccia of quartz stockwork flat
and lying.
• The grades of bonanza seem to occur along a fault zone vertical
transverse to the quartz of low-grade horizontal breccia. This interpretation
corresponds to 80 meters of drifts and cross-cutting work and small
undercuts of production observed in El Cometa mine. Mine initially
followed a breccia of quartz lying down and then run into gold and silver
rich in vertical structures.
This interpretation also corresponds to work
underground in the mine of El Refugio located 700 meters west of El
Cometa.
• There is evidence in EC-11 that failures play a significant role not only by
moving the high grade shoots, but also perhaps in finding high values in
the vein.
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El Refugio
Three drill holes were completed from a platform North of the works at El Refugio,
approximately 450 meters west of El Cometa. Control of lifting in this area was poor and
an attempt was made to locate the establishment of drilling with respect to the work
surface. The proposed drilling holes were located to intersect the northeastern horizon
from the works of El Refugio quartz stockwork/breccia. Underground works were
intercepted in the inclined holes ER-29-30, however the ER-31 vertical hole intercept and
ended in a zone of silification of 78 meters wide with gold and silver mineralization (0.22
g/t Au and 5.8 g/t Ag), which shows, and is the first evidence of the potential for a target
of epithermal type of large tonnage low grade in the area of El Refugio. The combination
of this area significantly altered and mineralized adjacent to mineralization of high-grade
work of El Refugio would indicate that the potential for a target gold and silver epithermal
at El Refugio. Further drilling will be required to define this extensive and interesting
target.
La Soledad
A total of 5 drill holes were tried in La Soledad from the top of the ridge above the mine
works. Drilling holes were located to test the Northwest extension of the mineralization
observed in the underground, but due to bad conditions (dangerous) in parts of the
underground work, only field workers could study the accessible portions of the work.
While best efforts were made to drill out the previously mined areas, the work proved to
be more extensive to that indicated by the study, and work underground were intercepted
by holes.
Future drilling in the mine of La Soledad should be below the previous work which may
not be exploited through outdated extraction methods used in the past.
Los Reyes
Three holes were drilled on the crest of Los Reyes above the works of mine and all found
no mineralization. This further suggests that the mineralized structures occur as vertical
shoots which are then moved along fractures within the breccia of quartz.
• This is a cryptic of Bell
Coast Capital Corp. from
Copalquin project.
• They withdrew from the
project since they no
longer had funds and
they could not get them in
the
stock
market
weakened in those years.
In addition the prices of
gold and silver in those
years were very low, they
switched to oil.
Minera Planet Exploration Ltd.
Explore from late 2003 to half 2005
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Minera Planet contract UC Resources as operator of the project, made 22 diamond drill
holes from 5 drilling rigs. 19 on El Cometa and the last 2 at El Refugio.
The initial goal of the exploration program was to verify the high grades of gold and
silver reported by Bell Coast at the prospect of El Cometa. The UC-03 drilling hole was
drilled to confirm the intersection of high grade reported by Bell Coast (in EC-02). UC03 found an interval of 5.52 meters wide with mineralization with grades of bonanza
averaging 144.26 g/t Au and 328.63 g/t Ag.
UC-01 to UC-06 initial drilling holes confirmed the drilling results reported by Bell Coast
and also demonstrated that the mineralized zone can be more complex than was
previously recognized.
d
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UC Resources Ltd
Explore from half 2005 to finals 2007
• Bought in 2005 the company Minera Planet Exploration, S.A. de C.V., which
had the contract for exploration of the Copalquin project. And he followed
with holes UC-23 and UC-24 which concluded the phase I exploration.
• The UC-24 hole intercept a section of 17.9 meters of mineralization with
values of 2.94 g/t Au and 64.74 g/t Ag.
• Phase II exploration began in late 2005 with a program of satellite imagery
(ASTER), which identified multiple high-priority targets approximately 3
kilometers to the East of the target area El Cometa-El Refugio. The
objective of this program was to determine if mineralized with outcrops
areas, specifically the target areas Cometa-Refugio, had a distinctive
signature. ASTER images clearly delineated an extensive zone of alteration
probably kaolinite-alunita (clay alteration zone) which coincides with an area
mapped of kaolinite alteration between the prospects El Cometa and El
Refugio. This style of alteration is typical of the upper levels of an
epithermal vein system and results of the program clearly supports the
current geological model that predicts that El Cometa and El Refugio are
part of a mineralized area more extensive. These areas may represent an
extension of the epithermal system at Copalquin or they may represent parts
of a previously unrecognized epithermal system. These areas require
detailed mapping, geochemical sampling and if guarantee it diamond drill
later.
• Results of geochemical sampling and ditching have clearly shown that the
known mineralized zones extend more beyond the limits defined by
previous drilling. They have extended the length of the course in the area
of breccia zone mineralized in El Cometa-El Refugio more than one
kilometer. Initial geochemical sampling of soils in the southeast of El
Cometa returned values of 860 ppb Au (0.86 g/t) of an area located more
than 100 meters of any previous drilling. A series of 4 holes have been
proposed to delineate the extent of mineralization in this area and to begin
to delineate the extension of the depth of the area. In addition to the
mineralization identified in the area El Cometa-El Refugio seems that there
is potential to expand the overall size of the epithermal system identified at
Copalquin. Historical reports describe similar, mineralization hosted by
breccias in Los Reyes (approximately one kilometer to the East) and
satellite imagery data have identified several areas with the same
signature of clay alteration associated with mineralization in the area of El
Cometa.
• Overview of satellite imagery, groundwork geological and geochemical
studies suggest the potential expansion zones mineralized by more than 4
kilometers east of El Refugio and more than 2 kilometers to the West of El
Cometa. Geological maps published by SGM show occurrences of gold
and silver that extend further along the extension projected from known
areas and suggest a target area for exploration of approximately 10 km
long.
• They performed compile studies that indicate that many
mineralized intervals reported by both BCC and MP-UC in the
area of El Cometa actually represent only the sections of high
grade zones within much wider of low-grade mineralization.
For example, the hole drilling UC-14 reportedly intercept 11.6
meters of mineralization averaging 3.01 g/t Au and 300.6 g/t
Ag. An inspection of the information from the assay shows that
the area of global mineralization in UC-14 actually average
0.76 g/t Au and 73.1 g/t Ag over 51.2 meters. It is important to
note that with the same conversion factor used by Gammon
Lake (65:1) this intersection of 51.2 meters average 1.9 g/t Au
equivalent. Other examples of drill holes drilling in the area of
El Cometa which intercepted broad zones of mineralization,
including the UC-01 which intercept range of 31.4 meter-wide
average 0.41 g/t Au and 40.8 g/t Ag. The hole drilling EC-10 of
BCC reportedly intercept 6.9 meters of mineralization
averaging 17.03 g/t Au and 352 g/t Ag. Information of the log
core and the assay of drilling holes prepared by BCC show
that the intercept reported actually forms part of a range of
23.5 meters wide that average 8.42 g/t Au and 192.5 g/t Ag.
• This confirms the potential for large-tonnage deposits (Bulk
tonnage deposits).
• 7 holes were made in phase II of the exploration program. The first two
DDH-06-01 and 06-02 clearly endured the model that the mineralization of
gold and silver in El Cometa and El Refugio is located within areas of
silicified breccias and stockwork which are not isolated occurrences, they
form part of a mineralized system more extensive than was previously
recognized.
• The 06-06 drilling hole was drilled perpendicular to the vein of La Soledad
and an inclination of 50° and was completed when he found underground
works at a depth of 100 meters.
• 06-07 was drilled in the same azimuth than 06-06 but with 70° inclination
and found the continuation of the structure area vein/breccia of La Soledad
to a depth of between 110.0 and 116.8 m and was completed to a depth of
155.1 meters. It which is believed was drilled approximately 15-20 meters
below the existing works at the mine, an area found mineralized of 5.15
meters wide containing quartz, breccia silicified andesite, native gold and
acanthite (silver sulfide ore). The mineral area average 44.6 g/t Au and
1,564 g/t Ag. Within this area there is a section of 1.75 meters wide which
averages 112.8 g/t Au and 4,337 g/t Ag. The true width of the mineralized
zone is believed to be 95% of this reported interval. This interception
mineralized clearly shows that the mineralized zone of La Soledad is open at
depth. This interception is the first completed hole under the mine works of
La Soledad drilling ever and it is important to point out that the potential
extensions of the strike of this mineralized zone never have been tested.
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Assay within the mineralized zone are as follows:
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Depth (meters)
Au g/t
Ag g/t
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111.60 to 112.78
112.78 to 115.00
115.00 to 115.50
115.50 to 116.00
116.00 to 116.75
7.4
2,8
86.7
199.0
94.5
209
100
2,500
7,820
3,240
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In phase III of the exploration program 6 drills were programed in the area of La
Soledad.
The MP-07-101 drill hole situated in a Canyon, approximately 42 meters west of hole
06-07 intercept 6 meters of an mineralized breccia zone of tectonic quartz vein with
observable native gold, native silver, argentite and pyrite, including a stockwork
quartz vein system in an andesite-fine-grained Tuff. The 6 mineralized meters
averaging 21.93 g/t Au and 1,597 g/t Ag. The initial section of 2.45 meters of sample
averaged 52.27 g/t Au and 3,840.47 g/t Ag. The true width of the mineralized zone is
undetermined at this point in the exploration of the system of veins in La Soledad.
The hole drilling MP-07-102 also intercept the main structure of La Soledad,
approximately 50 meters west of the hole MP-07-101. The observed Geology
(identify minerals: gold, silver and argentite) of the 4.68 meters from intersection of
this second hole was similar to that of the hole MP-07-101.
MP-07-104 azimuth 220 °, - 70 ° dip appointed to cut the structure of the Soledad 25
meters to the West of the 06-07, return 6.93 g/t Au over 4 meters (112 to 116) before
entering the historical works.
At the end of 2007 we cancel them the exploration contract because they unfulfilled 6
clauses of it.
Pembrook Mining Corp. Through its subsidiary in Mexico, Paget
Southern Resources by 2014 make 2 visits of recognition
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Only rock samples have been taken by Paget Southern Resources on the project to date.
The veins have grades of Au-Ag very variables with several important areas indicated by
the veining. In general, the veins bring high Ag-Au with very little common metals or other
indicators elements.
It concludes that all systems of veins, San Manuel, La Soledad and Huicho, have
returned significant although erratic grades of gold and silver from surface sampling. La
Soledad (50 g/t Au) historical production reports and the reported drilling results of El
Cometa and La Soledad all suggest at least local outbreaks of very high grade gold.
Intervals of drilling and sampling of surface in the Cometa-Refugio area also support the
possibility of a thick zone of 50-80 m of disseminated mineralization The steeper vein
systems are well developed with some wide ore shoots over short strike lengths (50‐70m)
The superficial and deep area of the Cometa-Refugio may be part of a much longer zone
stretching to Los Reyes, and La Fragua. Mapping detailed, sampling of soils of the area
probably develop some excellent goals especially in the area of La Fragua and La Santa
Cruz (mines which, to date, have not been studied).
The concessions block guarantees a further modern systematic exploration including
mapping, sequence of sediments and soil sampling.
After Henry Marsden (Vice-President of exploration) last visit, very optimistic with the
project, said that in late February they would make us a proposal to contract Copalquin,
unfortunately at this time the directors of the company decided to close its offices and
projects in Mexico, since now they could not get more resources in the stock market by
the known current situation, and the resources that they currently had, them are going to
use it to finish two projects more advanced which came already exploring for 4 years in
Peru.
The Council of Mineral Resources (SGM) in the
Geological Mining Monograph of the State of
Durango highlights:
• They are several structures, being deposits vein type and
Pype breccias with turmalite and pegmatite that need to be
explored in depth. The perspectives for the Copalquin
district are considered of interest based on the values of
gold and silver that has exploded in the past and the
attractive thicknesses in some veins and Pype breccias,
so it is considered a prospective and attractive area to
explore for gold ores.
• The prospect El Sol (previously National Mining Reserve
San Jose del Desierto) has possibilities to be a deposit of
high tonnage of molybdenum, tungsten and copper.
Conclusions
• Copalquin has historic production and previous producing mines,
allowing leverage in exploration. Looking for gold and silver with high
grade near previous producers mines, such as La Soledad mine, which
resulted in the discovery of a mineralized zone with average of 1.4 oz/t
gold and 50 oz/t Silver. The potential for additional high-grade ore shoots
and deposits of large tonnage open pit gold and silver is excellent.
• The geological and exploration results are indicative of a great potential,
of the open-pit system (typical of the epithermal type systems). Some of
the bigger producers in the world are, in fact, open-pit mines, with low
grade ore.
• The Epithermal system also contains deposits vein type of high-grade,
which can potentially be mined with an underground mine, or recovered
as part of a large open pit mine.
• The system is in trend with other major discoveries along the Sierra
Madre in Mexico, which is one of the belts in the world most prolific of
mines of gold and silver.
• Previous drilling programs have confirmed mineralization with economic
potential in three main areas, El Cometa, El Refugio and La Soledad. All
mineralized zones that have been tested are open at depth and along on
strike and clearly guarantee further drilling tests. On the property there
is a total of 23 historical mines.
• Drilling clearly shows that the alteration and the
silification associated with epithermal system is
extensive and penetrating.
• Many of the mineralized intervals reported by both
BCC and UC actually represent only the sections of
high grade zones within much wider zones of lowgrade mineralization.
• In addition to the areas that have been tested,
available data suggest that the extension of the
epithermal system at Copalquin may be much more
extensive than previously recognized.
• Copalquin is a epithermal prospect of low sulphidation
very attractive for exploration, at early stage, for gold
and silver.
• Based on the above, we dare to assure that Copalquin
has great potential, which you are looking for (quality
and quantity).
We are searching for:
• Our interest is that you visit the project, see
their potential, confirm existing information
and take their own samples and
conclusions.
• We intend to the negotiation of an
exploration contract with option to
purchase, based on a price per ounce of
Au or cubed equivalent, but we are open to
discuss any other proposal for negotiation
in this regard.
Contact
• Compañia Minera Copalquin, S.A. de C.V.
• [email protected]
• [email protected]