|Commodity:||High sulphidation epithermal Au-Ag|
|Status:||Available for Option|
|Stage:||Geological Mapping and Prospecting for Drilling|
The Cuale Project is a 97 square kilometre early stage exploration property prospective for high sulphidation epithermal gold-silver, located 185 kilometres west of Guadalajara in the Cordillera Madre del Sur. Cuale was identified and staked under the Callinan Royalties Generative Alliance (now owned by Altius Minerals), and is subject to a 1.5% net smelter royalty ("NSR") for precious metals and a 1.0% NSR for base metals payable to Altius Minerals. Cuale was identified and staked as part of the Company's generative exploration program.
The property is located within the Talpa de Allende area of Jalisco near Agnico Eagle Mines' Barqueño project (663k oz gold and 2.2M oz silver) and Endeavour Silver's Terronera project (37M oz silver and 311k oz gold). The area is close to infrastructure with roads and powerlines crossing the property.
The property is located within a complex accreted arc terrane that developed during the Mesozoic Era and that hosts the majority of volcanogenic massive sulphide (VMS) deposits in Mexico. The accreted arc terrane comprises an interbedded sequence of rhyolitic volcanics and volcaniclastics that are only weakly deformed. These units are intruded by the Cretaceous Puerto Vallarta batholith. The VMS deposits in the Cuale area are gold- and silver-rich and the most important mineralization developed to date comprises low sulphidation epithermal gold-silver deposits.
The content of this page has been reviewed by Stewart Harris, P.Geo., Vice President, Technical Services for the Company. Mr. Harris is a Qualified Person as defined under the terms of National Instrument 43-101.