Caballo Blanco
The Caballo Blanco Project consists of two large high-sulphidation gold zones (Northern and Highway) and porphyry copper-gold mineralisation in the Central Zone.
The Project is located in Veracruz State, Mexico near the Gulf of Mexico, approximately 70 km north of the port city of Veracruz. Infrastructure is excellent, as the prospective areas are all located within 10 km of the Pan American highway and a power plant.
A wholly owned subsidiary of the company held an option to earn a 70% interest in the Project from Almaden Minerals. On November 25, 2009 the company agreed to sell that subsidiary to Goldgroup Resources for C$6.0 million and 9 million shares of Goldgroup. In addition the company will receive a 1.5% net smelter return royalty upon the project reaching commercial production. See press release dated November 25, 2009 for details.
Maps and Photos
The Caballo Blanco Project consists of two large high-sulphidation gold zones (Northern and Highway) and porphyry copper-gold mineralisation in the Central Zone.
The Project is located in Veracruz State, Mexico near the Gulf of Mexico, approximately 70 km north of the port city of Veracruz. Infrastructure is excellent, as the prospective areas are all located within 10 km of the Pan American highway and a power plant.
A wholly owned subsidiary of the company held an option to earn a 70% interest in the Project from Almaden Minerals. On November 25, 2009 the company agreed to sell that subsidiary to Goldgroup Resources for C$6.0 million and 9 million shares of Goldgroup. In addition the company will receive a 1.5% net smelter return royalty upon the project reaching commercial production. See press release dated November 25, 2009 for details.
Maps and Photos
Cerro La Paila Drill Plan
Significant gold intercepts are posted for drilling between 2005 and 2009 that totalled 6,933 metres. The drill plan is set over the modelled resistivity at a depth of 85 metres. The resistivity high correlates to the silicified zone mapped at surface to the east and in drilling.
Significant gold intercepts are posted for drilling between 2005 and 2009 that totalled 6,933 metres. The drill plan is set over the modelled resistivity at a depth of 85 metres. The resistivity high correlates to the silicified zone mapped at surface to the east and in drilling.
Alteration And Drill Locations
Mapped alteration assemblages are shown. Drilling in the Northern Zone has targeted high sulphidation gold at areas of vuggy silica, focussed at the Cerro la Paila target. The Central Zone has two porphyry copper-gold targets where drilling has occurred. The Highway Zone is another high sulphidation gold target where limited drilling has taken place by a previous operator.
Mapped alteration assemblages are shown. Drilling in the Northern Zone has targeted high sulphidation gold at areas of vuggy silica, focussed at the Cerro la Paila target. The Central Zone has two porphyry copper-gold targets where drilling has occurred. The Highway Zone is another high sulphidation gold target where limited drilling has taken place by a previous operator.
Central Zone 2008-2009 Drill Results
Two porphyry copper-gold zones have been drill tested by the Company - the northern Pedrero target and the southern Porvenir target. Both targets are located within an extensive chargeability anomaly. Significant copper-gold intercepts are posted for drilling completed in 2008 and 2009.
Two porphyry copper-gold zones have been drill tested by the Company - the northern Pedrero target and the southern Porvenir target. Both targets are located within an extensive chargeability anomaly. Significant copper-gold intercepts are posted for drilling completed in 2008 and 2009.
Cerro La Paila Magnetic Survey
The reduced to pole airborne magnetic survey indicates a volcanic centre where magnetite destruction has occurred. The blue outlines are resistivity highs that are targets for intense silicification. Drill testing has predominately occurred at the Cerro la Paila target.
The reduced to pole airborne magnetic survey indicates a volcanic centre where magnetite destruction has occurred. The blue outlines are resistivity highs that are targets for intense silicification. Drill testing has predominately occurred at the Cerro la Paila target.
Cerro Paila Section
Section 4290N, A-A', has four successful diamond drill holes that intersected a board zone of vuggy silicified breccia that also outcrops on the east side of the cerro. Drill hole 08CNB-04 contain an interval of 94.5m of 2.09g/t Au including 39.6m of 3.93g/t Au.
Section 4290N, A-A', has four successful diamond drill holes that intersected a board zone of vuggy silicified breccia that also outcrops on the east side of the cerro. Drill hole 08CNB-04 contain an interval of 94.5m of 2.09g/t Au including 39.6m of 3.93g/t Au.
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