MOGOLLON SILVER GOLD PROPERTY
Highlights
The Mogollon Property is located 120 km from Silver City in southwestern New Mexico. It covers an extensive, silver-gold bearing epithermal vein field. Between 1904 and 1925 the district is reported to have produced 13.1M ounces of Ag and 271k ounces of Au from 1.39M tons of rock¹. Production stopped in 1942 due to the wartime cessation of all gold and silver mining in the United States.
The Property
Historical Drill Results²
| Hole | Hole Type | Area | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | AgEq* (g/t) | |
|---|---|---|---|---|---|---|---|---|---|
| MGR-2 | Core | South Queen | 77.7 | 85.3 | 7.6 | 7.9 | 40 | 711 | |
| incl. | 80.8 | 82.3 | 1.5 | 19.4 | 88 | 1,735 | |||
| MGR-8 | RC | Consolidated | 257.6 | 279.7 | 22.1 | 2.2 | 147 | 334 | |
| incl. | 275.1 | 279.7 | 4.6 | 4.8 | 372 | 777 | |||
| MGR-12 | RC | Consolidated | 211.1 | 240.8 | 29.7 | 1.3 | 43 | 153 | |
| MGR-13 | Core | Consolidated | 320.7 | 329.3 | 8.5 | 3.7 | 250 | 562 | |
| incl. | 323.2 | 323.9 | 0.6 | 23.6 | 1,619 | 3,627 | |||
| incl. | 325.2 | 325.9 | 0.7 | 11.9 | 626 | 1,638 | |||
| MGR-14 | Core | Consolidated | 290.6 | 312.7 | 22.1 | 2.9 | 135 | 380 | |
| incl. | 306.6 | 310.6 | 4.0 | 5.7 | 322 | 805 | |||
| MGR-15 | Core | Consolidated | 349.6 | 352.3 | 2.7 | 1.1 | 99 | 192 | |
| incl. | 350.8 | 351.1 | 0.3 | 4.8 | 422 | 833 | |||
| MGR-18 | Core | Clifton | 268.2 | 276.6 | 8.4 | 4.6 | 200 | 591 | |
| incl. | 273.6 | 275.8 | 2.3 | 15.4 | 671 | 1,983 | |||
| MGR-30 | RC | Anna E | 79.2 | 80.8 | 1.5 | 14.2 | 531 | 1,741 | |
| MGR-35 | Core | Consolidated | 343.7 | 346.4 | 2.7 | 7.1 | 523 | 1,127 | |
| MGR-38 | Core | Consolidated | 299.0 | 313.0 | 14.0 | 4.5 | 219 | 598 | |
| MGR-40 | Core | Consolidated | 430.7 | 434.9 | 4.3 | 4.3 | 267 | 632 |
Gold Dust Target
The Property features poorly explored to completely unexplored veins with strong potential for further mineralization immediately surrounding historically producing high-grade mines. There are also a number of undrilled veins with documented small-scale underground exploration workings that were driven above the main mineralized target elevation window. The depth projections of these veins represent strong conceptual drill targets.
Consolidated Mine – Longsection
Data Verification
The data disclosed on this page pertaining to production and drilling is historic in nature. Historic production records for the Property are incomplete and are of unknown accuracy. Neither the Company nor the qualified persons are able to verify the historic production data and therefore investors should not place undue reliance on such data. The Company is unable to verify the data as drill hole rock samples are unavailable, precise drill hole collar locations are unknown, and down-hole survey data is incomplete. As such, the Company is treating the drill results as historical in nature and investors should not place undue reliance on such data. The Company’s future exploration work will include verification of the data.
¹ Geology and Ore Deposits of the Mogollon Mining District, New Mexico, U.S. Geological Survey Bulletin 787, Henry G. Ferguson, 1927
² Drill Logs, Cordex Exploration Company Records, 1984-1989