Projects

Navegantes

  • Snapshot
  • Project Details
  • Resources & Geology
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Snapshot

Location
Chihuahua State, Mexico

Land Area
470 hectares

Property Description
Silver base metal property near San Francisco-Santa Barbara mining district

Metals
Silver, Lead, Zinc

Ownership
Option to purchase six concessions for US$0.4M over 3 years

Project Stage
Exploration

Current Activities & Work
Surface and underground sampling and mapping

Permitting
Not Applicable

Overview

The project covers two principal vein systems, the Navegantes and San Pedro as well as a number of smaller subsidiary veins. The property is located 68 kilometers west from Grupo Mexico’s Santa Barbara operation (6,000 tonnes per day) and 63 kilometers west of Frisco’s San Francisco Mine (4,000 tonnes per day). The project is also 61 kilometers south of Sunshine Mining’s ~100Moz Ag Los Gatos project. The property covers an underexplored epithermal precious silver-base metal district that shows similar mineralization to the adjacent Parral Mining District

Location, Access And Facilities

The property is also located 68 kilometers west from the San Francisco del Oro-Santa Barbara District (>550Moz historic silver production1) where Grupo Mexico and Minera Frisco respectively operate the Santa Barbara (6,000 tonnes per day) and San Francisco (4,000 tonnes per day) Mines. The project is also 61 kilometers south of Sunshine Mining’s 99Moz Ag Los Gatos project that is currently under development2.

Parral-Santa Barbara production figures from “The Pb-Zn-Cu-Ag Deposits of the Granadeña Mine, San Francisco del Oro-Santa Barbara District, Chihuahua, Mexico”, Grant J.G., Ruiz, J. (1988), Economic Geology Vol 83, pp 1683-1702
Sunshine Mining, Los Gatos Project webpage

Title And Ownership

We hold an option to purchase five concessions totaling 470 hectares for payments totaling $0.4 million over three years. There is no underlying royalty on the property.

Exploration Activity

In November 2018 (see press release dated November 15, 2018), initial results from an initial 103 surface and underground samples were received, indicating high-grade silver base metal values from a number of oxidized quartz veins that are occur on the property.

Sample highlights are shown below:

  • 1m assaying 1585.5 g.t Ag
  • 1.45m assaying 759.2 g/t Ag
  • 1.1m assaying 638.9 g/t Ag
  • 2.1m assaying 472 g/t Ag

The property covers a series of North-South striking quartz-iron oxide veins hosted in Oligocene-aged ignimbrites and rhyolitic tuffs. Surface mapping has identified six, steeply–dipping, north-south striking quartz-iron oxide veins that range in width from 0.5-2m. Several small shafts have explored several of the veins to a depth of 60m.

Navegantes Drill Results

Navegantes Drilling Results, November 2018