San Judas is an early stage exploration property consisting of two contiguous claims within the municipality of Trincheras, Sonora, Mexico. It is located 240 kilometers to the northwest of the state’s capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 hectares.
LOCATION: Trincheras, Sonora, Mexico
OWNERSHIP: LOI signed under a five-year contract ending September 30, 2024 (100% subject to total payments of US$ 1.68 m, of which US$ 0.1 m has been paid to date).
LAND POSITION: 2,806 Ha
STATUS: First phase of exploration drilling program scheduled by Q2, 2020.
MINERAL RESOURCES: Mineral resource estimate expected in Q4, 2020.
MINING & PROCESSING CONCEPT: Open pit mining with heap leach processing
- Located in the Mojave/Sonora Mega Shear characterized by orogenic gold associated to shear zones (granite and gneiss).
- Assay results varying from 0.5 g/t Au to 26.0 g/t Au outline a broad area (5km x 2km) of structurally controlled gold mineralization.
- Potential for mineralization comparable to the San Francisco mine (Magna Gold Corp) or La Herradura (Fresnillo PLC).