Toronto-based Valdez Gold (ASE) has agreed to acquire two contiguous gold-mining claims in Mexico.
Valdez will earn its interest in the Diana claims by paying US$2.3 million, of which US$1.9 million is to be paid on the fifth anniversary. The claims cover a 212-sq.-mile area in Sonora state, 66 miles west of Hermosillo.
In addition to placer deposits, the area has many similiarities to the Carlin gold belt in Nevada. Indeed, the company thinks there is potential for large-tonnage, epithermal, Carlin-type gold deposits.
Preliminary examinations have been made of three epithermal
gold-silver-copper prospects: Soledad, Veta Granda and El Rosario. Assays from these prospects ran as high as 2.7 oz. gold and 1.5 oz. silver per ton, and 6.3% copper. Limited reserves from Veta Grande total 120,000 tons at 0.3 oz. gold and 3.4% copper.
Other targets include a large copper-molybdenum-silver skarn prospect known as Mineral El Combra.
Exploration of the Diana claims, as well as the nearby 27-sq.-mile property known as Santa Lucia, will begin shortly.
Be the first to comment on "Valdez options Mexican prospect"