 |
|
|
CAPOMO PROPERTY, Nayarit, Mexico
During the first quarter of fiscal 2008 the Company acquired the mineral rights to 60,000 hectares in four claim blocks by staking. The Capomo Property is located in Nayarit State, approximately 50 kilometres east of Puerto Vallarta. The property is located in the Sierra Madre del Sur physiographic province consisting of rhyolitic and andesitic volcanics intruded by granite and granodiorites along a system of faults and fractures that are up to eight kilometres in length. Horst and graben structures displace these larger structures in several locations on the property creating favourable conduits for mineralizing fluids. Mineralization is hosted in epithermal veins measuring five to 20 metres in width, and 500 to 1,000 metres in length.
Historically over 20 mineralized structures were identified by Consejo de Recursos Minerales, prior to Timmins's program. Oxidation, kaolinization and propilization are common alteration features. Massive sulphide mineralization with significant gold, silver, lead, zinc and copper values have been returned by the first phase surface sampling program. Selective grab samples have returned grades of up to 22.5 g/t gold and 1860 g/t silver.
The Company is currently accessing the results of the first phase surface program to determine the significance of the results obtained to date. The Company plans to continue with a modest surface exploration program during the next two quarters.
|
|
|
|
|
|
|
Calcite
59 KB, approx. 12 seconds at 56.6Kbps |
|
|
)
)
)
)
)
)
)