CSE: MERC
ZAMORA
Project Locations
Western Mexico Silver Belt Sinaloa, Mexico
The Emerging Western Silver Belt of the Prolific Sierra Madre Occidental where existing mines and recent discoveries include:
-
Vizsla Silver, Panuco District
-
First Majestic Silver, San Dimas
-
Pan American Silver, Alamo Dorado
-
Greater than 3000 ha located in a mining friendly jurisdiction.
-
Properties located near power, roads,
-
infrastructure and local workforces
Zamora
-
110 km north from Mazatlán
-
23 km southwest of the Mining town of Cosala
-
40 km west of Prime Mining’s Los Reyes project
(pending $450 mm acquisition by Torex Gold Resources Inc)
Property Highlights
-
District scale opportunity with 4 concessions covering 378 Ha and the right to potentially bring another 2,999 Ha of concessions back into good standing. If successful Mercado will own a total of 3,377 Ha
-
Only 40 km west of Prime Mining’s Los Reyes Project currently being acquired by Torex Gold Resources Inc. (pending)
-
Only 35 km southwest of America’s Gold and Silver Corporation’s Cosala Operations
-
Cumulative strike of over 8 km of structures with 14 historic high grade silver gold mines on them
-
Never been drilled
-
Highlight results include; 14,561 g/t silver and 15.53 g/t gold from a grab sample, 286 g/t silver and 2.54 g/t gold over 1.00 m, channel sample and 8.00 g/t gold soil sample.
(Grab samples from outcrop/bedrock are selective by nature and they may not be representative of the mineralization on the project.)
Significant Results
-
Historic sampling by previous operators on concessions includes results from underground workings at Campanillas that returned 14,561 g/t silver and 15.53 g/t gold
-
Sampling at El Triunfo returned 286 Ag g/t and 2.54 Au g/t over 1 m
-
A soil sample near the Periguete workings is reported to have returned 8 g/t gold
The technical information and data for the Zamora property appears to be of a good standard. However, the QP has not conducted sufficient work to independently validate the assay rock sample results from Zamora. Therefore, the Company is treating the Zamora results as historical in nature and are not to be relied on. The QP will independently verify results of the historic work during a site visit later this year.
Zamora Property
Zamora Surrounding Area
3
3 These results are from outside current concessions held by Concordia and in the process of bringing the claims back into good standing.The reader is cautioned that the results are of a historic nature, have not been verified by the QP and are not to be relied on. There is no guarantee that Mercado will be successful in bringing the extended area of concessions back into good standing and thereby secure title. The results from the area surrounding Zamora are not necessarily indicative of the mineralization on the Zamora property.
Opportunity & Next Steps
-
Zamora presents a District scale opportunity with 14 known high grade silver – gold vein occurrences and historic small-scale mines that cover a cumulative strike length of structure and veins of over 8 km
-
The entire system has never been drilled
-
Primary objective of consolidating the land position and bringing almost 3000 ha of concessions back into good standing with the government, thereby securing title
-
Systematic surface and underground sampling of the known systems will be undertaken to define first phase drill targets for discovery testing