The Cimarron property is located in southern Sinaloa, Mexico.  Topography is flat to moderately hilly with elevations varying from 50m to 300m above mean sea level.  The Property consists of 6 concessions covering 8,195 hectares, all legally surveyed.  Previous exploration work has identified at least seven high priority drill targets, namely:
 

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History:

The history of the property shows that in the past itinerant miners worked small gold placers.  Rusted machinery and small scale beneficiation plants as well as piles of magnetite slag attest to past hard rock mining operations, however, there are limited records available.  Hecla, a Mexican subsidiary of Hecla of Coeur d'Alene, Idaho, in the late 1990s carried out an exploration program in some areas of the Property consisting of geochemical stream sampling and RC drillings of 1,610m in 25 drillholes.  The average gold content of all the 805 samples of the drillholes (2m intervals) was 306 ppb with the best 2m value at3,388 ppb Au.   All but 37 samples contained measurable gold with 152 samples at more than 500 ppb Au.

The Hecla drillhole data exhibits a very low % Cu: Au ppm ratio of 0:02 almost identical to, and characteristic of, the Porphyry Gold Deposits of the Maricunga Belt in Chile (Munten and Einaudi, 2000).

View Hecla RC Drill results

Geology:

The regional geological setting of the Property is on the western edge of the Sierra Madre Occidental ("SMO"), an extensive volcanic mountain terrane composed of Cenozoic Age volcanic rocks formed between the Cretaceous and Miocene, when the Farallon plate was consumed below the western margin of Mexico, and a transform margin was established along the Sea of Cortez.  The SMO is one of the most richly endowed epithermal precious metal (Ag and Au) regions in Mexico.  The property geology is underlain by older andesitic trachyandesites, and younger rhyolitic volcanic tuff with interbedded clastic sediments of probable Tertiary Age.  Multiple intrusions of granodiorite, diorite and monzonite that in turn are intruded by dykes of feldspar porphyry, magnetic andesite and syenite occur in the central part of the Property.

The most important metallogenic environments on the Property is Au (Cu) calc-alkaline porphyry system (Porphyry Gold Copper deposits) of probable Eocene Age.  Related epithermal veins extend from the porphyry system into the overlying volcanics.

Characteristics of Mineralized Zones on the Cimarrón Property