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Formerly known as the Potrero Mine, located within the Sierra Madre Occidental gold belt and 45 Km’s south of Glamis Gold's +2Million oz El Sauzal gold mine, La Guadalupana operated from 1959 through to 1967 when nationalization idled production. This once isolated valley is now accessed with the advent of roads to both the coast and interior along with the power grid being extended to within 10 km's of the property.
Extensive hydro-thermal alteration is pervasive throughout the property and high grade copper silver values of 20-30% copper and 32 oz silver and 2.65g gold/tonne bulk sample values, within vein structures, had been reported by previous operators. The immediate targets include the high-grade vein structures entirely open to depth surrounded by a classic geo-chemical signature being highly prospective for a large bulk tonnage copper-molybdenum-tungsten porphyry deposit.
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News Release - May 10, 2006
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