Property Description
The El Sol Property consists of one mineral concession covering about 63 hectares located in the State of Durango, Mexico. The high grade silver-lead-zinc system has showings that have had small production in the past. The property is at an early grass roots stage of exploration and development and has no indicated resources.
The mineral concession is held by Minera Montana R.L. de C.V. (“Minera Montana”), a wholly-owned Mexican subsidiary of Oremex Resources Inc.
Location & Accessibility
The El Sol Property is situated in the municipality of Guadalupe Victoria, 73 kilometres northeast of the city of Durango, State of Durango, Mexico. The property has easy access year round from Durango by paved Mexico Highway 40 to Guadalupe Victoria and then a secondary graded road for about nine kilometres north.
The property workings are approximately 2,200 metres in elevation at the eastern limit of the Sierra Madre Occidental, in the sub-provinces Llanuras Altas (High Plains) and the Mesa central (Central Mesa). Workings are on a small hill with about 30 metres of relief. The area south of the workings is alluvial covered agricultural land.
Recent Activity
Since acquiring the El Sol Property in 2003 and conducting an initial work program (History & Previous Workings), the Company has maintained the project in good standing but has not performed and further field work.
During 2007, the Company completed an assessment of the project and concluding that the Company intends to sell its interest in this property.
Topography & Geology
The regional geology of the Zona Minera Cerro de Minitas, immediately east of the El Sol Property, has been mapped by Consejo de Recursos Minerales (re. Durango Monograph 1993, pp. 159-163).
The El Sol geological setting is underlain by Lower Cretaceous limestone of the Cuesta del Cura Formation that is overlain by Upper Cretaceous siltstone. Sedimentary rocks are intruded by Oligocene quart monzonite with metasomatic deposits consisting of argentite, galena and spalerite in quartz-pyrite-calcite and garnet skarn. Veins that occur in country rock, skarn and quartz monzonite have northeast, northwest and north-south orientations.
History & Previous Workings
The high grade silver-lead-zinc system on the property has seen past production. The Avino Mill started operation in 1973 and is still in operation in the Guadalupe Victoria district. The Guadalupe Victoria district has been active since Spanish Colonial times, with the first organized mining by companies occurring at the turn of the 19th century.
Minera Montana acquired the option on the El Sol Property in 2000. Through an agreement with Minera Montana in March 2003, Oremex obtained the right to acquire the El Sol Property and four other properties in the State of Durango and one property in the State of Zacatecas. In September 2007, Oremex acquired Minera Montana and its portfolio of properties in Mexico.
In 2003, a few samples were taken from selected areas on the property and delivered for silver-gold assay and 30 elements ICP-ES. A summary report on the El Sol Property was originally prepared by Peter A. Christopher, P.Eng., in April 2003. The report was not prepared in the form required by NI 43-101 and as a result has not been filed with Sedar.
Technical Reports
No Technical Report has been filed on the El Sol Property.
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