Minera Camargo S.A. de C.V.
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Exploring Mexico for Precious and Base Metals
Minera Camargo S.A de C.V is a private Mexican mineral exploration company strategically based in Mazatlán, a port city in the foothills of the Sierra Madre Occidental of Mexico, one of the largest under-explored gold and silver provinces in the world. We have been exploring Mexico for gold, silver, lead, zinc, copper and iron since 1997 and have staked several properties of merit that have been joint-ventured to junior mining and exploration companies. These include:
- Picachos, a contiguous 7700 Ha ground position in Durango State that overlaps part of an Eocene caldera complex with over 100 intermediate sulfidation epithermal silver-gold occurrences. RNC Gold Inc. can earn a 100% interest in the Property from Minera Camargo by spending $1.5 million CAD prior to 31 December 2006. RNC Gold Inc. (RNC), a gold mining company with assets in Central America, is funding the exploration work via a joint venture with Northwestern Mineral Ventures Inc. (NWT).
- Tango (See Projects, Tango), 17 630 Ha of land centered on an Oligocene- Miocene ignimbrite and flow-dome field with numerous high-sulfidation epithermal gold-silver-copper occurrences in southern Sinaloa state about 25 km NE of Rosario. Recent fieldwork suggests that gold occurs both in high angle structures (where most of the historic mining was done) AND disseminated in permeable tuffaceous horizons. The Tango Property is part of the joint venture between Minera Camargo, RNC and NWT.
- Cimarrón, 6643 Ha overlapping the northwestern part of the Rosario mining district. Gold on the Cimarron Property is closely associated with iron oxides (specularite and magnetite) that occur both in high angle structures and as replacement bodies along permeable tuffaceous horizons. Minera Camargo has recently signed a letter of intent to explore our 100% owned Cimarrón Property with Oro Gold Resources Ltd.
- Cabrel, [Projects, See ICU slide show] 4271 Ha staked around the Bramador volcanogenic massive sulfide (VMS) camp in Jalisco, Mexico. High-grade, precious metal enriched VMS deposits occur in the axial zone of the Bramador Syncline. Future exploration for additional VMS deposits will be focused on the down-plunge axis of the Syncline. Minera Camargo acquired the property for International Croesus Ventures Corp (ICU) .
- Almatea, (Projects - See ICU Slide Show), 15 266 Ha in the Talpa de Allende VMS camp in Jalisco, Mexico. This property was also acquired for International Croesus Ventures Corp.
What's New
Watt's, Griffis and McOuat recently completed a scoping study of the Picachos Property in Western Durango State, Mexico. They concluded that the Picachos property was located inside a caldera structure similar to, but not as deeply eroded as the Tayoltita caldera. They recommended a $530 000 CAD work program for 2005 that includes regional soil geochemical surveying, airborne geophysical surveys and preparation of one of the gold deposits on the property (El Pino) for an underground drifting and diamond drilling campaign in 2006. Minera Camargo is currently completing the recommended exploration work on behalf of the RNC-NWT joint venture.
Oro Gold Resources Ltd. completed stream sediment sampling and a soil geochemical orientation survey in February of 2005 on the Cimarrón Property as part of their due diligence study. Camargo's stream sediment sampling in 2004 outlined several areas of high gold geochemistry in the El Prado, Betty and Huanacastle areas, with 16 of 60 stream sediment samples returning values of more than 50 ppb Au. Of these, 9 stream sediment samples contain more than 0.5 g/t Au. Oro Gold's results are expected in late March.
Michelle Robinson of Minera Camargo presented a talk entitled "New Base and Precious Metal Discoveries of the Mexican Ignimbrite Belt" at the PDAC 9 March 2005. Click here for a *.pdf of the presentation. Representatives from both Oro Gold Resources and Minera Camargo participated in the "Cimarrón" core shack which was very well received by other PDAC delegates. We'd like to thank everybody for their comments, and we will be incorporating many of these suggestions during the design phase of the next exploration program. Finally, Camargo representatives attended the pre-convention short course on "Characteristics of and Exploration for Epithermal Precious Metal Ore Deposits" by Jeff Hedenquist and Noel White.
Press Releases
Press releases, and related third party press releases are here.
This document maintained by
micheller@mineracamargo.com
Material Copyright © 2004 Minera Camargo
Updated March 12, 2005