Located in a highly active mining region, this 1,042 hectare property is 5 kilometers from Bolnisi Gold's Palmajero operation, with recently confirmed deposits of more than 3 million ounces gold equivalent. Recent surveys indicate that Mexoro's Encino Gordo has comparable geology, and is in a zone with a large hydrothermal precious metal-bearing system.
Situated 270 kilometers southwest of the city of Chihuahua in the Sierra Madre gold belt, the Encino Gordo Project is characterized by a similar geological setting as that of the Palmajero site 5 kilometers away. Findings by Mexoro include:
Mexoro Minerals owns 100% of three properties in the area and has optioned another three mining concessions to complete the land position needed to develop the exploration program it will establish in this area. Given the strong survey results, with suggested parallels to the Palmajero site, Mexoro Minerals is hastening its drilling program in the structures with gold and silver anomalies. Encouraging results will ensure Mexoro exercises its option to acquire the properties.
Initially, the Company will carry out detailed surface mapping and sampling to target the optimal drilling site.
These results have been prepared under the supervision of Barry Quiroz, MSc., Mexoro VP of Exploration. He has the expertise and authority to verify the authenticity and validity of this data. The qualified person who has reviewed this data is Dana C. Durgin, MSc. Economic Geology. He is a Certified Professional Geologist (CPG #10364) with the American Institute of Professional Geologists, and a Registered Professional Geologist in Wyoming (PG-2886).
