Projects
El Durazno Project
Panoramic view of the ElDurazno Canyon looking SE
Located in a Prime Mining District.
Located in the State of Sonora with almost 27,000 ha. of land area. Lies within the prolific old Mulatos Mining District.
Lies in a Strategic Position.
Bounded by claims of some of the big mining companies in Mexico targeting precious metal mineralization within the mining district.
District-scale potential.
Large underexplored land package. Geology & mineralization similar to the deposits now under production at La India (Agnico Eagle) and Mulatos (Alamos Gold) mines.
The project area is within the old Mulatos Mining District, which has produced 300Koz of gold until 1903.
About 190 km in a straight line to SE75° of the city capital of Hermosillo, Sonora, Mexico.
About 50 km in a straight line to SE20° of the town of Sahuaripa, where all the necessary services for the development of the project is available.
- The proposed zone lies within an extensive ancient volcanic field.
- It is in an area dominated by outcrops of andesitic, dacitic and felsic volcanic tuffs from different explosive volcanic events that were affected by large-scale north-northwest-striking faults and intruded by granodiorite and diorite stocks.
- Canyons cut through the uppermost layers to expose the Lower Series volcanic strata.
Illustration of the target zone and the subsurface at the ElDurazno Project
- The mineralization in the old Mulatos Mining District is considered as a high-sulfidation epithermal mineralization.
- The proposed zone lies in a large area of intrusion-related alteration, dominated by volcanic-hosted high-sulfidation epithermal-hydrothermal gold, silver, and porphyry-related gold deposits.
- Such deposits may be present as veins and/or disseminated deposits and/or breccias.
- This type of deposit is present at La India and Mulatos mines, which is about 25km and 35 km away, respectively, from the project area.
The mineralization in the El Durazno project area, which is characterized as a high-sulfidation epithermal mineralization, is similar to that of Agnico Eagle’s La India Mine and Alamos Gold’s Mulatos Mine, which is about 25km and 35 km away, respectively, from the project area.
Mulatos Mine
The Mulatos Mine was acquired in 2003 for $10 million dollars and has currently generated a free cash flow of $430 million dollars. It hosts approximately 100 Mt at 1.05 g/t Au.
La India Mine
The La India Mine is an open-pit mine which hosts approximately 24.0 Mt @ 0.74 gr/t Au and 2.55 gr/t Ag.
