The Mercedes project is an exploration property within the Sierra Madre Occidental province. It is a historically productive, regionally extensive tertiary volcanic field that stretches from the United States/Mexico border to Central Mexico. Previous work at the La Lamosa area, one of the mineralized targets within the mining concessions, display disseminated gold mineralization hosted within an andesitic and rhyodacitic volcanic complex intruded by a quartz-feldspar porphyry (QFP). Gold and silver are target commodities sought at Mercedes and the property exhibits textures and alteration consistent with high sulphidation epithermal mineralization, typical of important discoveries in the region.
LOCATION: Yecora, Sonora, Mexico
OWNERSHIP: 894 Ha 100% owned. 345 Ha optioned under a four-year contract ending September 20, 2022 (100% subject to total payments of US$ 1.5 m, of which US$ 0.5 m has been paid to date).
LAND POSITION: 1,239 Ha
STATUS: Phase 1 of exploration drilling program recently completed.
METALS: Gold and Silver
MINERAL RESOURCES: Mineral resource estimate expected in Q4, 2020.
MINING & PROCESSING CONCEPT: Open pit mining with heap leach processing
- Located in the Sierra Madre Epithermal Gold Belt notable for its High and Low Sulfidation deposits.