Brian Robertson, president and CEO of Source Exploration, discusses his company’s Las Minas project and what it is like working in Mexico. “What we have at Source is a company that has been very successful in a number of areas. We have raised over $2 million in a very difficult junior resource market, we have drilled 4,000 meters, we have excellent people within the company and it is those companies with those attributes that will survive,” he said.
At the recent Canadian Investor Conference, held in Vancouver on May 31 and June 1, the Investing News Network (INN) had the chance to chat with Brian Robertson, president and CEO of Source Exploration (TSXV:SOP), about the company’s Las Minas project and what it is like working in Mexico.
Source has been busy drilling various targets at the project, and right before the conference the company saw some encouraging results. Specifically, drilling at the Nopaltepec target revealed a new highly mineralized zone.
“I think the Nopaltepec number-one discovery hole is a very exciting hole, and I say that for a number of reasons. What we have is a hole that intersected several zones of mineralization, the highest grade being 5.74 g/t gold equivalent over 17 meters. Within that 17 meters was a 1-meter intersection grading 35 g/t gold equivalent, so it’s a very exciting intersection,” Robertson explained. “And the other part of it is the actual location of that hole and how it is related to other drilling that we have done at Las Minas. It’s approximately 250 meters west of the Santa Cruz high-grade zone.”
Source also did some step-out drilling at Las Minas, further expanding the down-dip and strike extensions within the El Dorado/Juan Bran zone. Robertson said that all of this drilling is going towards a NI 43-101 resource estimate for the property, which should be finished by the end of this year.
INN was also curious about what it is like working in that region of Mexico, and Robertson cited a few reasons why it has been very beneficial to the company.
“First of all, a real plus factor for working in that region is the geology. It has tremendous geology. Mexico has tremendous geology. The other thing is that we can drill year round at Las Minas. We are not limited with short seasons, it has excellent infrastructure, there is a hydroelectric power plant at the site and the area is a very safe area. So we feel that we have got a significant discovery in an excellent location.”
Finally, INN asked how Robertson feels about the gold price and what makes him confident that Source can succeed in today’s lower price environment.
“[The] gold price in my experience is always very cyclical, and I’ve gone through various cycles on the gold price. My feeling right now is we are at a bottom in the gold price and it will change … quite dramatically, and it will change before people ever expect it to,” Robertson explained. “What we have at Source is a company that has been very successful in a number of areas. We have raised over $2 million in a very difficult junior resource market, we have drilled 4,000 meters, we have excellent people within the company and it is those companies with those attributes that will survive.”
Securities Disclosure: I, Kristen Moran, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Source Exploration is a client of the Investing News Network. This article is not paid-for content.