TSX-V: SMN

Projects

Angeles Project

Summary

Location:Sonora State, Mexico.
Area:1,667 Hectares
Minerals:The property has many old historical workings and according to locals, hosted a high grade underground copper, gold and silver mine at the beginning of the 20th century as indicated by remnants of milling, mining facilities as well as tailings.
Status:Available for sale.
Ownership:100%

Project Highlights

  • The Angeles property is surrounded by multiple producing mines as well as development projects
  • Identified structures are mineralized, with a variety of potentially economic values of gold, silver, copper, lead and zinc occurring in hematite rich, hydrothermal breccias and silicified meta-sediments
  • A Phase I diamond drill program undertaken from April - July 2013 demonstrates the presence of high grade gold and silver mineralization in the Angeles structure. Partial results have been received and highlights to date are;
    Hole
    Number
    Interval
    (m)
    Au
    (g/t)
    Ag
    (g/t)
    AuEq
    (g/t)
    Cu
    (%)
    Pb-Zn
    (%)
    AD13-092.607.0024.067.480.931.96
    Including1.55*10.8719.8211.270.882.51
    AD13-083.203.1015.003.400.090.22
    Including1.805.4118.005.770.120.31
    AD13-073.503.9363.005.180.741.84
    Including2.505.5085.807.211.042.55
    AD13-036.202.8163.774.090.552.06
    Including5.203.3371.764.770.652.31
    And1.207.38141.0010.200.644.42
    AD13-041.10*2.67144.005.550.461.04

Property Geology

  • The property is made up of a sequence of metamorphic rocks such as mica schist’s, gneisses, metasandstones, meta limestones. Also numerous pegmatite dykes cross cut structures in many directions. The primary mineralized structures have a NW60 - 70 orientation and can be traced for at least 3 km on surface.

Mineralization

  • The main mineralization at Angeles is oxidized copper, gold and silver. Good values of lead and zinc also exist in mineralized structures filled with a breccia, cemented with massive hematite - specularite. The structures are clearly identified by mag. highs as a result of a 33 line km. magnetometer program. A strong zone of stockwork and fracturing (200m x 150m) covering a topographic high is located in the eastern portion of the property. Iron/manganese oxidation is pervasive over this zone which may be a bulk tonnage exploration drill target.
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