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The Candamena Mining District encompasses 5,215 hectares and is located in the NW State of Chihuahua in the Sierra Madre Occidental. The property can be reached via Highway 16 which links the cities of Hermosillo and Chihuahua. It is approximately 250 Kilometers WSW from the city of Chihuahua.
HISTORY
The Candamena Mining District has had an active mining prior to 1989, when manhattan Minerals Corp. carried out exploration on Candamena Mining District. In May of 1996 Manhattan optioned the area, then known as the Candamena Property. Manhattan completed 60 diamond drill holes for a total of 11,475 m of drilling and other exploration work including mapping and rock chip sampling. Ultimately, Manhattan tested only a small part of the property. In 1997, Manhattan abruptly left Mexico. There were legal issues surrounding the reasons for Manhattan’s decision to leave in 1997.
GEOLOGY
The Sierra Madre Occidental, where the Candamena Mining District is located, is a linear volcanic, partially dissected plateau elongated in a NNW direction. It is approximately 1,200 km in length and varies in width from 200-to-300 km’s. The entire structure is cut by numerous longitudinal faults. In the region of interest, the stratigraphy consists predominantly of Mesozoic and Cenozoic strata or, more specifically, rocks from the Lower Cretaceous sediments to Quaternary basalts and alluvium.
MINERALIZATION
The Nuevo Dolores mineralization or deposit occurs in Upper Volcanic Sequence rocks in epiclastic tuffs overlain by pyroclastic rhyolitic tuffs. The Nuevo Dolores mineralization occurs along the southeast rim of the Ocampo Caldera and along a NNW trending line that joins the caldera at Uruachaic with the one at Ocampo.
Manhattan’s primary focus here was the gold potential, however, silver appears to play an important role in the future economics of this property as evidenced by drill results analysed by Bonder Clegg and Chemex Labs of Vancouver in 1997;
|
HOLE |
FROM – TO |
METERS |
GOLD |
SILVER |
|
97 – CN – 36 |
15 - 216 |
201 |
1.04 g/t |
38.3 g/t |
|
97 – CN – 45 |
81 - 216 |
135 |
1.49 g/t |
8.8 g/t |
|
97 – CN – 50 |
22 - 130 |
108 |
1.16 g/t |
28 g/t |
The mineralized structure remains open at depth and to the south and was known to extend off the past property boundaries of which the Company has now acquired rights to the entire district.
La Verde is a fissure filled and replacement vein type mineralization, about 7.5 km SW of the Nuevo Dolores deposit. It is hosted by Lower Volcanic Sequence (LVS) andesite and granitic intrusive rock is apparently near by. The vein, with a strike/dip of 50˚E/85˚NW is almost vertical, varies in width from a few cm to about 50 m. The vein can be traced for almost one km in outcrops, but is believed to reach +/- 2 km.
 Technical Report NI 43-101
Henry Neugebauer, P.Eng., is the Company's Qualified Person. |
