Source Exploration Corp.(TSXV:SOP) announced signing an option agreement to acquire up to a 100% interest in the Capricho Mineral concessions. The Company’s wholly owned Mexican Subsidary Roca Verde Exploration de Mexico signed the agreement with Empresa Minera Caprice, JC, S.A. de C.V.
As quoted in the press release:
The Capricho property (approximately 652 hectares) is located approximately 110 kilometres northeast of the capital city Culiacan in gentle terrain and is readily accessible on paved and gravel roads. Historical mining on the property, dating back to the Spanish Colonial period, was focussed on high grade gold and silver deposits. Currently, small-scale artisan mining is being carried out at the site to mine free gold that is exposed in surface outcrops.
Source Exploration, President and CEO, Brian E.Robertson, said:
Advancing the Capricho Project is a key goal of our 2012 development program and intensifies our strategy of leveraging our expertise in Mexican skarn mineralization. Our due diligence sampling program at Capricho along with historical mining and current small – scale mining activities in the region has identified significant gold and silver mineralization over a wide area. Capricho provides Source with a drill ready prospect with bulk tonnage and high- grade gold, silver and copper potential. We are finalizing plans for a Phase 1 diamond drilling program to test the sampled areas and scheduled drilling in mid to late January.
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