Chihuahua State, Mexico
Silver and gold property near Ocampo mining district
Silver and gold
Option to purchase six concessions
Current Activities & Work
High-grade assays announced Oct. 2018; drilling planned for 2019
Drill permit received Q1 2019
Yoquivo is an early-stage silver-gold exploration project located in Western Chihuahua State, Mexico. In October 2017 we acquired the right to purchase claims covering the Yoquivo District, Ocampo Municipality, Chihuahua through an option agreement. The Yoquivo District is a past producing, bonanza grade epithermal vein gold and silver district located 35 kilometers southeast of the Ocampo Mining District. The claims cover an underexplored epithermal precious metals district that shows similar mineralization to the adjacent Ocampo mining district, and Golden Minerals, through systematic exploration, hopes to identify significant high-grade mineralization.
The Yoquivo district is located on the headwaters of the Mayo River in the northern part of the Sierra Madre Occidental, approximately 45 kilometers (“km”) west of San Juanito. The property is located 32km south of Agnico Eagle’s Pinos Altos Mine (2018 production est. 170,000 oz Au1) and 35km southeast of the Ocampo mining district (a gold producer sold to Minera Frisco for (US) $750M in 20122).
1 Pinos Altos est. 2018 production from Agnico Eagle Website
2 Aurico Gold to sell the Ocampo Mine to Minera Frisco for US$750M
We hold an option to purchase six concessions totaling 1,907 hectares for payments totaling $0.5 million over four years and subject to a 2% NSR royalty on production capped at $2 million.
In October 2018, we announced high-grade assays from a recent surface sampling program at Yoquivo. To date, 756 samples have been collected, and the sampling program has identified and sampled a series of low-sulfidation quartz veins and breccias. Complete results are available on the Maps & Drill Results page.
Sample highlights are shown below:
We expect to begin a drill program in 2019 to test the most promising portions of the veins. A drilling permit has been received.
The Yoquivo property covers an erosional ‘window’ of andesites beneath Oligocene-aged rhyolites. Multiple silver-gold bearing epithermal veins have been mapped and sampled. The two most important veins are the San Francisco and Pertenencia veins, both of which have been mapped and sampled over a two-kilometer strike length. Numerous splays and parallel structures have also been identified and sampled.
Yoquivo Surface Samples