- Our 70km2 Copalquin Mining District project is a large ethidermal gold-silver system, located in Mexico’s Sierra Madre Gold-Silver Trend
- Fully funded 45,000 metres of drilling from August 2025 across multiple Targets. Target 1 resource drilling in process, aiming to ~double the maiden resource in this area. Drilling commenced at Target 5 in August 2025
Target 1 – Maiden JORC Mineral Resource Estimate (Nov. 2021) summary (NI43-101 filed Aug 2024):
- Indicated 691 kt @ 5.43 g/t gold, 114 g/t silver for 121,000 oz gold plus 2,538,000 oz silver
- Inferred 1,725 kt @ 4.55 g/t gold, 152 g/t silver for 252,000 oz gold plus 8,414,000 oz silver
(using a cut-off grade of 2.0 g/t AuEq) using a cut-off grade of 2.0 g/t AuEq
- 28.6% of the resource tonnage is classified as indicated
*AuEq. = gold equivalent calculated using and gold:silver price ratio of 70:1. That is, 70 g/t silver = 1 g/t gold. The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com
Area: 70km2 (10km E-W by 7km N-S) and 298 historic mines and workings.
Location: Durango State, Mexico, 4 hour drive north of the city of Culiacan and 8 hour drive SSW from the city of Chihuahua via highway 24.
The town of El Durazno is located approximately 20km east of the District. The Copalquin airstrip is serviced several times daily from El Durazno (10 minutes) Tamazula (15 minutes), Culiacan (30 minutes) and Chihuahua (90 minutes).
