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Frankfurt: OM8
TSX-V: OAU.V 0.02 +0.00 +0% Volume: 10,000 June 14, 2013
Projects

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San Lucas

  • Consists of 18 mineral concessions covering 925.32 hectares
  • San Lucas has two prominent major structures, the Main Shear Zone and the Rosita Structure that converge near the north end of the property
  • Sampling/mapping completed, drill targets identified
  • Initial 2,000m drill program completed Q2 2011
  • Similar geology to Argonaut Gold’s El Castillo mine
  • Historic exploration and development work has been done since the 1880’s.
    • Exploration has been conducted by Consejo de Recursos Minerals (1980), Luismin, Echo Bay (1995), Kobex Resources (1997-2000) and Minera Mantos (2000-2003)
  • Located 90km north of the city of Durango, Durango State, Mexico.
    • Click here to view the location map.
  • Easy year-round access to the property via paved Highway and roads

Mineralization

  • San Lucas hosts zones of silicification with minor pyrite, associated with the gold mineralization
  • Vein zones generally occur in Eocene Lower Volcanic Complex rocks (LVC) that are windows in rhyolitic rocks of the Upper Volcanic Complex
  • A 4km long, northeast-trending zone of alteration, brecciation, veining, shattering and mineralization transects San Lucas along the Main Shear Zone.
  • The Main Shear Zone and its alteration halo measures up to 100 metres wide over its length
  • Higher-grade mineralization includes an underground sample by Luismin that assayed 256 g/t Au over 0.55 metres
  • Current drilling results indicate the best grades occurring over the northerly 800 metres of the drilled portion of the Main Shear with results of up to 3.0 g/t Au and 48 g/t Ag over 11.5 metre true width
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