In the Catanava Block: Bonanza gold is likely!!R-v
Hello to all,
Drilling at Pinos district on the Catanava site began on January 11th 2007 on a 3 to 4 week drilling period, with assay results in March (from the 11 drill holes - 3000 metres total).
Here's why the upcoming drilling assay results are VERY exciting: Bonanza gold is likely to be present!! The following article indirectly attests to that:
https://72.14.203.104/search?q=cache:aR0sMxZUKE0J:www.findarticles.com/p/articles/mi_m0EIN/is_2005_April_7/ai_n13562179+%22Minera+Apolo+SA+de+CV&hl=fr&gl=ca&ct=clnk&cd=6
"The Pinos District is located in southeastern Zacatecas State, about midway between the cities of Zacatecas and San Luis Potosi. The concessions can be accessed by a paved road that runs from Highway 49 to the Municipality of Pinos, a distance of some 26 kilometers. Infrastructure in the area is good, including available electric power.
Mining activity in the Pinos District dates back to the 1550s and work continued by the Spanish until Mexico's Independence in 1810. Activity was greatly expanded from approximately 1870 through 1910, when British mining companies brought Cornish mining techniques to the area. Remnants of this work are evidenced by significant surface structures, many lined shafts that are still in good condition today, and extensive underground workings in multiple veins along approximately seven kilometers of vein strike. Generally, mining ceased at the water table (approximately 100 meters below surface). However, in one reported case, a Cornish pump was used for dewatering to 330 meters below surface, to continue mining one of many bonanza gold zones that the Pinos District is reportedly noted for. Generally, these bonanza zones occur at major vein intersections. The British mining companies were forced to leave the Pinos District in 1910, at the time of the Mexican Revolution. Systematic mining of the Pinos District did not occur again until the mid-1930s, when a 300- 350 TPD process plant was built and operated successfully for about eight years, processing ore from the rehabilitated workings at one of the major veins. Between 1975-1983, Bethlehem Steel ("Bethlehem") entered into a joint venture with Industrias Penoles ("Penoles") to explore and exploit the Pinos District. To carry out this joint venture, Minera Apolo S.A. de C.V. was formed with Bethlehem as the operator. Bethlehem accessed and mapped various underground workings, sampled the veins in all available workings, sampled surface dumps and tailings and also conducted a limited surface drilling program. Bethlehem reportedly prepared two internal studies, which concluded that the veins at Pinos could be worked economically. However, Bethlehem withdrew from joint venture in 1983, before implementing a mine development program, reportedly due to corporate financial constraints related to the company's steel operations. Penoles did not advance the project and, in 1993, sold its interests in the concessions and Minera Apolo to the former manager of the joint venture, the current president of Minera Apolo. Since 1993, MA has entered into two option agreements, the most recent with Hecla Mining Company that conducted various exploration programs, including drilling, on portions of the concessions during the period 1995-1997. There has been no significant work done on the concessions since 1997, other than limited programs carried out by MA, in part, due to depressed gold prices during the period 1997-2001.
The Pinos District concessions are grouped into two principal groups, Old and New District concessions, with the Old District concessions comprising the principal areas of past mining activities. The Old District concessions are composed of various epithermal veins, which have been grouped into four main vein systems, each with a strike of several kilometers. The veins tend to converge to the north, including the apparent convergence of three of the main vein systems in the Catanava Block. The areas of most interest are vein intersections, which reportedly have resulted in many bonanza gold zones in the Pinos District. The veins are quartz/calcite fissure veins, mineralized by what appear to be multi-stage mineralizing events. The principal metals are gold and silver. Host rocks include limestones, rhyolitic tuffs, lutites and sandstones. The distribution of precious metals is reported to be erratic, and bulk sampling may be required to gain a better understanding of the distribution of precious metals in various veins. The New District concessions contain several epithermal vein systems, generally under alluvial and colluvial cover..."
In Catanava's veins riches abound!!
We are fortunate enough to know of such a company and to be shareholders of it (or potential ones)!!
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