Santa Monica is adjacent to the La Preciosa project optioned by Orko from GoldCorp Inc. The Santa Monica Property covers over 17,285 hectares and is located approximately one hour and a half away by paved road from the City of Durango, in Durango State, Mexico. Currently, Geophysical Surveys are underway which began on March 18, 2007.
To Locate a vein system like San Sebastian Mine (Hecla Au-Ag mine)
First Step: Regional floating quartz sampling survey (Completed)
Second Step: Local grid each 25 meters sampling trenches (bulldozer)
Third Step: Diamond drill program of initial target areas
Available Data: Geophysical survey (I.P.); Vapour Mercury survey
An exploration program is expected to commence in the near future.
San Sebastian Mine
Regional floting quartz sampling survey
Local grid each 25 meters sampling trenches
Diamond drill program of initial target areas (70 ddh)
Annual Production: 80,000 oz Au Eq.
Cut-off: 4 gr.
Recovery: Ag 90%, Au 96%
Average Grade: 17 gr Au Eq.
Staff: 150 people (included 12 geologists)