The 1068 property is located approximately 160 kilometres east of Hermosillo in Sonora State, Mexico.
- Mapping increased the phyllic alteration (quartz, sericite, pyrite) halo surrounding the potassic alteration core to 1000m X 450 m, and defined an internal zone of strong phyllic stockwork developed in the volcanic lithocap.
- The primary target remains hypogene (sulphide) copper-gold-molybdenum mineralization hosted in feldspar/quart/biotite porphyry.
- Surface access rights secured over main targets
- Application for drilling approval from the Mexican Ministry of Environment and Natural Resources (SEMARNAT) in process.
- Project is deemed to be drill ready.
Surface exposures of the potassic altered feldspar-quartz-biotite porphyry core, exhibit multi-directional to sheeted quart sulphide veinlets (chalcopyrite, pyrite and molybdenite) with rock chip samples up to 0.59% copper, 0.4 g/t gold and 276 ppm molybdenum The Company believes that the 1068 Project is a classic zoned porphyry system with a broad envelope of quartz-sericite-pyrite alteration surrounding a potassic altered core. Recent mapping and sampling to the north and east of the overlying volcanic lithocap, extended the footprint of alteration and anomalous copper/gold geochemistry, suggesting the mineralized system will extend under the lithocap and beyond the limit of current exposure.
Results from geologic traverses, prospecting and rock chip sampling on 1068 have identified a nest of previously unmapped porphyritic intrusions along the northeastern contact of a much larger batholith. Preliminary geologic mapping indicates a large, zoned alteration system with a potassic (biotite-magnetite) altered core and a large phyllic (quartz-sericite) altered envelope.
One of these intrusions, a quartz-feldspar-biotite porphyry, exhibits quartz-chalcopyrite-pyrite-molybdenite bearing “B” veins, which are indicative of a porphyry Cu-Mo-Au system. Adjacent dacite porphyry and the overlying volcanic lithocap are phyllic altered and contain stockwork quartz-sericite-pyrite “D” veins.
Exposures of mineralized rock are very limited by topography and the size of the mineralized system remains to be determined.