San Marco Resources has announced that it has been awarded the Suanse property in Sonora in the Mexican government’s recent mineral concession lottery.
San Marco Resources (TSXV:SMN) has announced that it has been awarded the Suanse property in Sonora in the Mexican government’s recent mineral concession lottery.
San Marco describes the property as covering 1,115 hectares, located near two large copper mines operated by Southern Copper, and surrounded by other copper-producing concessions in the Cananea-La Caridad copper belt of Northern Sonora State.
San Marco geological staff is preparing to do a first-pass ground validation and prospecting work at Suanse.
As quoted in the press release:
According to Mexican governmental geological data, the Suanse property overlies a section of a large oxidation and argillization cell, which has an elongated shape trending northeast-southwest and measuring over 8 km along its axis. Associated to this alteration cell are many polymetallic and precious metals prospects hosted by upper cretaceous dacitic to andesitic rocks, which in turn are being affected by porphyritic intrusive bodies. Relevant mineral “showings” located within the large alteration cell are Suanse Norte and Suanse Sur prospects which the Mexican geological survey describes as being part of a group of high angle epithermal to shallow mesothermal (gold, silver, lead, zinc and copper) vein systems.