El Tule Gold Project
EL TULE (10,000 HA)
The El Tule Property is located in Northern Nayarit, close to the border with Sinaloa. It is a large gold and silver system is comprised of 6 adjacent concessions which in total cover an area of 10,000 ha. The geological setting is a low-sulphidation epithermal system with veins, stockworks and extensive subvolcanic breccias, comparable to that of the numerous precious metal mining districts along the west flank of the Sierra Madre Occidental from Sonora to central Nayarit.
- A central, proximal basin may have acted as a trap for gold washed down from the higher elevations. The combination of gold in hard-rock and in overlying lake sediments has the potential for a large open pit deposit.
- A post IPO program costing $100,000 will consist of systematic mapping and sampling to initially prioritize drill targets
- Numerous gold and silver prospects over a 15 km by 5 km region comprising the property are controlled by structural intersections (N and NE trending). Textural and alteration evidence at some of the prospects appears to be high level suggesting precious metals depositional zones have not been eroded out.
- The El Tule Property contains extensive old mining operations and current artisanal mining operations. Mineralization extends over 5 km.
- Small scale artisanal operators are selectively mining between 4-10g/t gold from an existing open pit.
- Systematic sampling by previous operators in trenches on the margins of the central basin returned 5 g/t over 21 meters and an average grade for 173 channel samples of 1.34 g/t. A sample of quartz micro breccia from a structure traced along 1,200 meters returned grades as high as 505 g/t gold and 114 g/t silver.
- Sampling during late January 2018 returned significant gold mineralization exceeding 1 ounce of gold per tonne.