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Saturday, November 16, 2013 11:33:43 PM
Machacala has immediate production potential from its 210,000 metric tons of tailings almost immediately = $20M and as you stated 2-3 Billion underground potential!
Multiple low sulphidation, epithermal Au-Ag veins on property of which thirteen have been identified and four have been only modestly exploited!!!!
LOCATION:
The property is located in the District of Carabamba, province of Julcan, La Libertad region to the North of Peru. La Libertad is one of the largest Gold and Silver producing regions in Perú and in the World, producing millions of Gold ounces annually
INFRASTRUCTURE:
Nearby Trujillo has an airport, experienced workforce, materials and mining equipment rental.
Low Sulphidation Epithermal Deposit - Summary
Fluids that form low sulphidation veins interact with the rock for a much longer period of time. As a result of the extended duration of the fluids’ interaction with the rock, the fluids become dilute and neutralized and the silica dissolves (later precipitated as quartz). In low sulphidation veins, protracted boiling of these fluids produces high grade gold (greater than one ounce gold per ton) and silver deposits over vertical intervals of generally 300 to 600 meters. Within this vertical dimension, gold grades can be very high and result in large amount of easy to mine gold in a narrow compact area.
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