The Conversation (0)
Source Exploration (TSXV:SOP) has started an important ground-based magnetic geophysical survey over the central part of its concessions at the Las Minas property, State of Veracruz, Mexico, targeting approximately 5.5 kilometres by 2.5 kilometres and includes the recently reported high-grade Santa Cruz discovery area.
As quoted in the press release:
The main objective of the magnetic geophysical survey, totaling approximately 280 line kilometers, is to detect new gold-bearing zones in previously unexplored areas as well as extensions to the recent high-grade discovery zone. The survey will also cover historical mine workings with associated magnetite mineralization.
Source Exploration President & CEO Brian Robertson said:
The mineralization controls at Las Minas are similar to the famous Guerrero Gold belt, which is the site of the multimillion ounce Los Filos and Morelos gold deposits. In both areas, the high gold values are associated with intrusive hosted systems, with initial high magnetite/hematite fluid flows mobilizing the gold mineralization, followed by later stage precipitation of the magnetite. We anticipate the ground magnetic geophysical survey will readily identify the high-grade gold/magnetite zones both in known areas of mineralization as well as elsewhere on this large property which has a number near surface high-grade gold – silver – copper mineralized zones.”
Click here to read the Source Exploration (TSXV:SOP) press release
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