Virgin Metals Inc. (TSXV:VGM) released their outline of the historic resources estimate at their 100% owned Potreritos project concessions in Sonora Mexico (see press release September 28, 2011).

As quoted in the press release:

Potreritos Highlights:

• Historical indicated mineral resources of 1,384,000 tonnes at a copper grade of 0.47% and a molybdenum grade of 0.12%.
• The historical indicated resource grades compare favourably to those of the company’s existing reserves (proven and probable) at the Los Verdes project (7,050,000 tonnes containing 0.66% copper and 0.14% molybdenum) and represent an incremental mineral potential of at least 20%;
• Historical inferred mineral resources of 822,000 tonnes at a grade of 0.22% copper and 0.033% molybdenum.
• Additional potential for growth as historic deposits appear to remain open in horizontal extents and at depth.
• Other largely unexplored prospects on the Potreritos project site that were identified by Servicio Geologico Mexicano (SGM) with significant geophysical and geochemical anomalies characteristic of local copper/molybdenum deposits;
• Maps of the project as well as the SGM report [Preliminary Evaluation of Potreritos Project] can be found on the company’s web site.

Click here to read the Virgin Metals Inc. (TSXV:VGM) press release

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