Los Carlos Project
| Location: | Sonora State, Mexico.18km south of GoldGroup's Cerro Colorado mine and 85 km west of Timmins Gold's San Francisco mine. The property has excellent infrastructure with existing drill roads. |
| Area: | 280 Hectares |
| Minerals: | Gold and Silver. Historical workings 80 - 100 years old |
| Status: | Drill ready targets |
| Ownership: | 100% Optioned over 4 years |
History:
Los Carlos is located in the very prolific "Megashear" of Mexico which hosts numerous operating heap leach gold mines and others in development. The property has many historical workings apparently 80 - 100 years old, which targeted gold and silver in 1m -- 3m wide oxidized shear structures. Sample results provided by the optionors indicate ranges of 5g/t -- 30g/t gold and 20g/t -- 200g/t silver from the historical workings.
Property Geology:
Regionally the oldest rocks are gneiss and schist of lower Proterozoic age. The quartzites and dolomites are upper Proterozoic age and are located on the southern part of the property. The Jurassic age is represented by sedimentary rocks such as sandstones and polimictic conglomerates. Alluvium covers all other lithological units.
Rhyolite porphyry outcrop covers most of the Los Carlos property. The porphyry exhibits moderate to intense pervasive silicification and is made up of fine grain texture; sporadic quartz eyes and is of lower Tertiary age.
Mineralization:
Numerous NW faults are intersected with multiple EW shears/fractures approximately 5m -- 10m apart. The intersection of these two orientations appears to provide ample conduits for significant precious metal deposition. The rhyolite host rock between these E-W shears contains abundant veinlets and micro vienlets where gold grades range from 0.1g/t -- 2.0g/t gold, again highly oxidized.
