About the Company
Our Taviche Project is located in the State of Oaxaca, Mexico within the San Jose Mining District, reportedly one of the first historic silver-mining areas in the country. Mexico hosts some of the best silver hunting ground in North America and is a region that provides safe legal and political environments for mining companies. The geology has unbeatable potential for a major discovery. Mexico is the second largest silver producer in the world with over 96.4 million ounces recovered from primary and base-metal mines in 2009 and has a long mining history with recorded and estimated historical production in the billions of ounces.
The Taviche project, under option with Intrepid Mines from a subsidiary of Pan American Silver Corp., is underlain by a large number of gold- and silver-bearing quartz veins. The West Concession surrounds the San José silver-gold deposit being developed for production by Fortuna Silver Mines. Although untested by drilling our consulting geologist believe their ore veins may underlie our property and is a primary target for drilling. Our focus has concentrated on the Higo Blanco jasperoid prospect, a 7 kilometer long trend of silicified limestones that are variably mineralized a surface with silver minerals with gold potential at depth. Further drilling in late 2010 and 2011 is anticipated by the Company.
The Greyhound Project located in Canada is a highly prospective gold and silver property that lies within an unexplored Archean Greenstone Belt. In 2010 prospecting uncovered numerous subcrop rock assaying up to 28 g/t gold and up to 5,800 g/t silver around an unnamed lake now referenced as Aura Lake. These showings lie adjacent to a discontinuous belt of BIF (magnetite iron formation) which have been hosts to other Canadian producing precious metal mines. An initial drill test of geophysical and geochemical targets is slated to begin in early Spring, 2011.
