Exploring the Sierra Madre of Mexico for gold and base metals.
Historic metal production on the Property is from gold-rich polymetallic veins. These occur above and peripheral to a granitic porphyry intrusive complex that contains quartz stockworks and breccias mineralized with chalcopyrite, molybdenite and pyrite. A sample of molybdenite from the porphyry granite complex was sent to the University of Arizona for isotopic age dating under the supervision of Dr. Martin Valencia-Moreno in 2019. The sample yielded an rhenium-osmium age date of 66.31 +/- 0.33 Ma, therefore the stockwork mineralization from our Property correlates to the Paleocene copper porphyry belt that extends from the southwestern USA along the western margin of Mexico. This metallogenic belt has known resources of 150 million tonnes of copper and includes producers La Caridad and Buenavista in Sonora. The United States Geological Survey (USGS) estimates undiscovered resources in this belt are between 6.7 and 170 million tonnes of additional copper. As well as copper, the porphyry system on our Project contains important concentrations of molybdenum, tungsten, tin, silver, bismuth and gold.
Minera Camargo invites proposals from mineral developers interested in working on the porphyry and/or vein prospects. Please contact us by email to info@mineracamargo.com. Between May 30 and June 1 we are attending Discoveries 2023 Mining Conference in Mazatlan Booth 301 where we will present both drill core and rock samples.