Our AuroTellurio project for gold, silver, and Tellurium is located near Moctezuma, Sonora, northeast of Hermosillo, Sonora, adjacent to one of the world's highest grade tellurium-gold-silver mines, the Mina La Bambolla. This property was staked to surround a new tellurium-gold mine reportedly under mine construction by World Industrial Minerals, an offshoot of First Solar Corporation (FSLR: NYSE). Mine personnel sinking a shaft there (Mina La Bambolla) told Mexivada geologists that tellurium values of up to 4 kg/ton were found there. Tellurium is a critical, expensive, rare metal component in First Solar's photovoltaic solar panels, selling for up to more than US$300/kg in 2008. Gold values of 4 g/ton and silver values of 5 g/ton were reported in the old sampling of the Bambolla Mine by SGM, the geological survey of Mexico. Mexivada controls the entire eastern lateral extension of the main Bambolla vein system, and also controls 100% of the outcropping La Viuda Au-Ag-(?Te?) vein system that lies parallel to the Bambolla system, in a down-thrown fault block on the south flank of the uplifted and eroded Bambolla Mine block. Mexivada has signed a binding letter of intent to option 80% of the AuroTellurio property to California Gold (CLGL) over a 4-year period.
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