Mexico Gold
Mexico Gold
Soltera Mining Acquires Three More Past-producing Gold Prospects
Soltera Mining Corp. (OTCBB:SLTA) has been busy acquiring properties during the first quarter of 2008. Unstable markets have been unable to dampen the resolve with which management goes about building shareholder value.
Three weeks ago, Soltera announced it had obtained two new Mexican gold properties through the acquisition of Aztek Mineral, S.A. de CV. One week after that, the vending in of the Eureka Copper-Gold property and joint venture with TNR Gold Corp. (TSX.V:TNR) was announced.
That brings to 4 the number of gold projects under development by Soltera, summarized as follows:
El Torno (Argentina, gold, mining rights 7,863 hectares) is located in the Andean Cordillera near the international border with Bolivia. The property contains a very large gold-bearing quartz vein that extends intermittently for at least 14 km long north-south. The vein is sub-vertical and the gold is concentrated in a 2 meter-thick breccia zone along its western flank.
Historically, El Torno was worked by the Incas and the Spanish over a long period and has more than 1,000 m of underground galleries. There is still a small-scale operation extracting gold from elluvial deposits on the east side of the vein. In 1997, Puma Minerals carried out 2,100 m of drilling on a 1 km length; and in 1999 Penoles Minerals (operators of the world’s richest silver mine and Mexico’s richest and largest gold mines) undertook surface sampling, geological mapping and an IP geophysical survey in the same area. The combined (non NI-43-101 compliant) results of this work showed:
a) El Torno is within a “gold province” that extends several hundred kilometers north-south through Argentina and Bolivia;
b) The strongly mineralized breccia zone on the west side of the vein carries up to 37 gpt gold in the tested area, and has potential for several million ounces along the length of the vein;
c) Samples of stockwork zones some distance from the main vein gave up 23 gpt and in one case 112 gpt gold;
d) There are several IP geophysical anomalies that could indicate mineralization, but have not yet been drilled.
Soltera holds almost all the 14 km length and commenced their exploration in late 2007 with a geochemical stream sediment survey combined with structural mapping designed to target specific parts of the vein and the surrounding area for more detailed investigation.
Soltera will now define drill targets using more detailed geochemical and geophysical surveys. Drilling is scheduled to commence in the second quarter of 2008 and, given success, this will lead immediately to a full feasibility study to commence before year’s end.
Real de Cananea, Mexico
The “Real de Cananea” (Mexico, gold, mining claims 1,030 hectares) is located in Sonora State 26 km from the Cananea copper mine owned by Penoles. It contains a gold-bearing fault zone up to 270 m wide and more than 400m long within Cretaceous volcanic rocks that are intensely altered and carry gold.
There is a small old mine in the center of the property that was probably first worked by the Mayas and certainly by the Spaniards, with several shafts reaching 100 m below surface. The hard wallrock was mined with enormous effort and this, together with the fact that water had to be transported 8 km, indicates the importance of the mineralisation. Gold is widespread on the property, with altered rocks showing up to 65 gpt.
Soltera’s target is a large-scale open-pit and the area is broad enough to accommodate well in excess of 1 million ounces. Geochemical, geological and geophysical surveys will be used to define drill targets and drilling is scheduled for the third quarter of 2008.
Eureka, Argentina
(Argentina, copper-gold, around 10,000 hectares) is located in northern Argentina near the Bolivian border and only 3 km from the El Torno project. The property contains ‘Red Bed’ type strata-bound copper mineralization within sedimentary sandstones, clays and conglomerates. The surface exposures are weathered and contain erratically distributed gold. Alluvial gold has been worked in the area since prior to the time of the Spanish arrival and there is an old mine with over 5 km of underground workings that exploited copper and gold on a small scale until 1987.
The deposit is similar in style to major copper deposits in the Bolivian part of the Tertiary Belt. A geological estimate in the late 1990’s (historic resources estimate which is not NI-43-101 compliant) was 50 to 60 million tons grading 1% copper. Only 70 meters of the 450 m deep formation has been explored to date which leaves extensive upside potential.
TNR Gold Corp. (“TNR”), a Vancouver based mining company listed on the TSX with extensive experience in Argentina, has entered into an option agreement with the option vendor to acquire a 75% interest in the property by spending a total of US$3,000,000 in exploration and option payments before April 20, 2010.
TNR will undertake detailed geological mapping, trenching, geochemical and geophysical surveys, sampling the historic underground workings and drilling. Soltera is not required to incur any expenditure on the project at the present time.
Casita Colorada, the Company’s other project in Mexico, is a large mineralized shear zone worked since the end of the 1800’s for gold. The mineralized zone was at least 400 m long and 150 m wide and there is potential for a substantial gold deposit, but the project is being held in reserve so that the company can concentrate on El Torno and Real de Cananea.
Be sure to keep a close eye on SLTA over the next couple months. Geochemical assay results are due any day now, and there’s plenty of news to be generated by exploration activity on all the properties.
About the Author
Eric Pratt is the Metals Editor at the Resourcex Investor, a premium source of news and investment ideas for individuals seeking information about emerging companies in the resource sector. Find our more by visiting http://www.ResourcexInvestor.com.
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Mexico: Republica Mexicana – Bono Del Tesoro 1913 Gold Bond $970 / £200 $50,000.00 |
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Hublot Big Bang King Power “Mexico” Rose Gold 48mm Limited #710.OM.0130.GR.MEX10 $42,499.00 |
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MEXICO Exterior Gold Bond £500 $2425 1899 Serie B Republica Mexicana $35,000.00 |
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Hublot Mexico Limited Edition King Power Yellow Gold NBP only 50 made $35,000.00 |
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1866 Antonio Lopez de Santa Anna Bond $500 US GOLD Mexico Authenticated in 2006 $34,500.00 |
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MEXICO Mexicana Bono del Tesoro £100 Series C Gold Bond 1913 +original coupons $30,000.00 |
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MEXICO Republica Mexicana Bono del Tesoro £100 Series A Gold Bond 1913 +coupons $25,000.00 |
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HISTORIC RARITY! 1913 MEXICO BLUE EAGLE 975 GOLD PESOS w COUPS! $30,000 on EBAY! $19,995.00 |
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MEXICO Republica Mexicana Gold Bond 1904 $500 +coupons $13,000.00 |
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MEXICO Republica Mexicana Treasury Bond Cert. £200 Series C Gold Bond 1913 $10,000.00 |
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First Centenario of the Constitution of 1857-Gold Coin Mexico Original CASE MS++ $7,999.00 |
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2008 LIBERTAD GOLD BANCO DE MEXICO PROOF SET, UNCIRCULATED $6,650.00 |
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MEXICO WORLD CUP 1970 GOLD AND SILVER COIN SET $6,000.00 |
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1968 Mexico Lions Club International Olympic Gold Medal VERY RARE, In Box w/ COA $4,995.00 |
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2003 MEXICO GOLD LIBERTAD 1 OZ NGC MS68 **VERY RARE** .999 PURE GOLD UNCIRCULATE $4,875.00 |
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1821-1947 PCGS MS67 50 PESO UNCIRCULATED MEXICO GOLD COIN 1.205 OZ BU CENTENARIO $4,695.00 |
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1821-1943 PCGS MS66 50 PESO UNCIRCULATED MEXICO GOLD COIN 1.205 OZ BU CENTENARIO $4,150.00 |
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2010-MO MEXICO LIBERTAD ANGEL GOLD 1oz COIN PCGS MS70 $3,699.95 |
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Proclamation Coin1807 Spanish 8 GOLD ESCUDOS CARLOS IV Mexico Mint Scarce Grade $3,452.40 |
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Stunning 1811 Mo JJ Mexico 8 Escudos NGC AU58 Gold Coin $3,500.00 |
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2011-MO MEXICO LIBERTAD ANGEL GOLD 1oz COIN PCGS MS70 $3,499.95 |
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1921 Mexico Gold 50P MS63 Centennial of Independence $3,499.00 |
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MEXICO 20 PESOS 1866 GOLD NGC XF45 33.84g $3,495.00 |
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1930 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS65 MS-65 ! $3,485.00 |
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1946 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS66 MS-66 $3,295.00 |
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8 ESCUDOS ORO/GOLD 1811/0 MEXICO H.J. FERNANDO VII ESPAÑA/SPAIN EBC/AU $3,275.00 |
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1921 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS62 MS-62 ! $3,250.00 |
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MEXICO GOLD EAGLE COIN AGUILA 1998 NGC PF 69 SCARCE MINTAGE 303 $2,999.99 |
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1946 MEXICO 50 PESOS 1.2 Oz. 37.5 Grams GOLD PCGS MS65 $2,995.00 |
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MEXICO 8 ESCUDOS 1824 GOLD XF LARGE BOOK REVERSE RARE $2,995.00 |
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1945 MEXICO 50 PESOS 1.2 Oz. 37.5 Grams GOLD PCGS MS65 $2,995.00 |
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1944 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS65 MS-65 $2,995.00 |
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HUGE MEXICO 1921 50 Pesos GOLD COIN First year of the series PRICE REDUCED !!!!! $2,988.00 |
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1931 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS64 MS-64 ! $2,985.00 |
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1946 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS65 MS-65 $2,985.00 |
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1944 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS65 MS-65 $2,985.00 |
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MEXICO 50 PESOS 1947 37.5 GRAMS REAL BEAUTY MEXICAN LATINO GOLD COIN $2,799.99 |
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1927 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS63 MS-63 $2,785.00 |
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1922 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS64 MS-64 ! $2,699.00 |
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1926 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS64 MS-64 $2,695.00 |
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1930 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS64 MS-64 $2,695.00 |
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1930 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS64 MS-64 ! $2,685.00 |
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1929 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS64 MS-64 ! $2,685.00 |
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1929 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS64 MS-64 $2,685.00 |
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1926 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS64 MS-64 ! $2,685.00 |
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1925 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS64 MS-64 ! $2,685.00 |
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Rare Date 1923 50 Peso Mexico Gold Bullion Coin $2,675.00 |
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1945__Mexico Gold Dos Y Medio__Ladies 11 Coin Bracelet $2,626.26 |
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1922 Mexico Gold 50 Pesos NGC MS62 $2,615.00 |
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1947 MEXICO 50 PESOS 1.2 Oz. 37.5 Grams GOLD BULLION !! $2,599.00 |
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1922 MEXICO 50 PESOS 1.2 Oz. GOLD COIN NGC MS63 MS-63 ! $2,595.00 |
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1924 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS63 MS-63 $2,595.00 |
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1929 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS63 MS-63 $2,575.00 |
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8 ESCUDOS ORO/GOLD 1805 MEXICO CARLOS IV ESPAÑA/SPAIN EBC/AU $2,575.00 |
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1930 MEXICO 50 PESOS 1.2 Oz. GOLD COIN PCGS MS63 MS-63 $2,575.00 |
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MEXICO Republica Mexicana Bono del Tesoro £20 Series A Gold Bond 1913 +coupons $2,500.00 |
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MEXICO Republica Mexicana Bono del Tesoro £20 Series A Gold Bond 1913 +coupons $2,500.00 |
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OGH Semi-key Date 1931 50 PESOS PCGS MS63 graded Mexico gold coin Mexican peso $2,479.00 |
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1795-Mo FM Mexico 8 Escudo GOLD Coin PCGS XF 45 $2,475.00 |
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Rare Date 1929 50 Peso Mexico Gold Bullion Coin $2,475.00 |
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Rare Date 1930 50 Peso Mexico Gold Bullion Coin $2,450.00 |
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Semi Key date 1930 MEXICO 50 PESOS NGC MS64 graded Mexican gold peso coin G50P $2,399.00 |
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XXX-RARE HUGE CRISP 1913 MEXICO 195 PESO GOLD BOND w COUPONS! $100,000 ON EBAY!! $2,396.00 |
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SEMI-KEY DATE 1930 MEXICO 50 PESOS NGC MS63 MEXICAN GOLD PESO COIN 50P $2,299.00 |
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Brilliant 1927 50 PESO NGC MS64 Mexico Gold Bullion Choice Graded coin $2,295.00 |
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8 ESCUDOS ONZA ORO/GOLD 1789 MEXICO F M CARLOS IV MUY BONITA ESPAÑA/SPAIN $2,250.00 |
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1821-1947 22kt Gold Mexico 50 Pesos Coin Pendant W/ 14kt Gold Bezel NO RESERVE $2,199.99 |
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MEXICO 50 PESOS 1930 NOT RESTRIKE GOLD COIN AS SHOWN $2,147.50 |
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MEXICO 50 PESOS 1927 NOT RESTRIKE GOLD COIN AS SHOWN $2,147.50 |
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MEXICO 5 PESOS 1955 RESTRIKE GOLD COIN LOT OF 10 COINS AS SHOWN $2,099.95 |
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1821-1947 22kt Gold Mexico 50 Pesos Coin *41+ grams* NO RESERVE $1,999.99 |
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1821-1947 22kt Gold Mexico 50 Pesos Coin *41+ grams* NO RESERVE $1,999.99 |
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MEXICO SPANISH COLONIAL GOLD DOUBLOON MEXICO 8 ESCUDO 1774, MOUNTED AS A BROOCH. $1,975.13 |
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1947 Mexico 50 Pesos GOLD Coin 37.5g / 1.2057oz 24 Karat $1,938.00 |
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1947 Mexico 50 Pesos GOLD Coin 37.5g / 1.2057oz $1,924.73 |
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1800 GOLD 8 ESCUDOS MEXICO UNDER SPAIN, VERY SCARCE $1,860.00 |
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1800 GOLD 8 ESCUDOS MEXICO UNDER SPAIN, VERY SCARCE $1,860.00 |
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1947 Mexico 50 Pesos GOLD Coin 37.5g / 1.2057oz $1,825.01 |
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MEXICO 2011 LIBERTAD ONE OUNCE GOLD COIN AS SHOWN $1,817.95 |
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1920/10 Mexico Gold 20P NGC MS64 $1,749.00 |
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Mexico Revolution 10 Pesos GOLD Oaxaca 1915, NGC MS62. $1,725.00 |
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1800 GOLD 8 ESCUDOS MEXICO UNDER SPAIN, VERY SCARCE $1,690.00 |
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Mexico Oaxaca State 5 Pesos 1915 Gold JVN#523 $1,689.00 |
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1979 POPE JOHN PAUL II MEXICO MINT GOLD MEDAL 33.7 GRAMS UNC $1,595.00 |
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Gold and Silver Mexico Estados “Campeche” 2nd Stage *Mint Condition *Proof $1,549.99 |
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