Macedo Area
The Macedo Area at the Mina Real Project is a reconnaissance exploration project that has been recently initiated. Four primary vein structures have been identified to date in the area. The area is a high priority target for gold and silver mineral emplacement and will be aggresively explored in 2008.
The Macedo zone is located to the SE of Florida and from the work done to date this area is thought to be the continuation of the vein system of the Florida area.
The Company has completed a trenching program with favourable sampling results that have identified two areas of interest. Macedo is a vein that has been identified from surface work and it continues for 1 kilometre. Within this area the Company has identified areas where the vein is 20 metres in width carrying gold and silver values and other areas where the width of the vein decreases to 1.5 to 2 metres width carrying gold and silver values.
The Gringo is another vein located in this zone where the Company has undertaken trenching and sampling of the old workings. The results showed that the area also has potential. The Company has identified other structures that are also interesting and which warrant further exploration.
Macedo Vein System
| Location: | Mina Real Project, Macedo Area | ||||
| Strike - Longitudinal Section | 1300 metres (1.3 kilometres) | ||||
| Description: epithermalhydrothermal mineral deposit formed within about 1 kilometer of the earth's surface and within a temperature range of 50 to 200 degrees centigrade, occurring mainly as veins. |
1.0 metre width - North 1.2 metre width - Central 3.0 metre width - South Grey/ white quartz veining; hanging wall and footwall oxidation and argillic alteration |
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| Favorable horizonan interface indicating a particular position in a stratigraphical sequence | 150 metres - 200 metres | ||||
| Geologic Model's Favorable horizonan interface indicating a particular position in a stratigraphical sequence | 900 metre elevation to 1300 metre elevation | ||||
| Trend | NW30°SE | ||||
| Sample Result: | Sample # | Location | Width | Augold g/tgrams per tonne | Agsilver g/tgrams per tonne |
| 17049 | Central | 0.70 | 6.25 | 50 | |
| 17045 | South | 1.00 | 1.84 | 41 | |
| 17046 | South | 0.65 | 0.89 | 195 | |
El Gringo Vein
| Location: | Mina Real Project, Macedo Area | ||||
| Strike - Longitudinal Section | 600 metres | ||||
| Description: epithermalhydrothermal mineral deposit formed within about 1 kilometer of the earth's surface and within a temperature range of 50 to 200 degrees centigrade, occurring mainly as veins. |
0.70 metre width - North 0.80 metre width - Central 1.0 metre width - South As a detachment of Macedo Vein, contains oxidation & argillic alteration, quartz emplaced in several stages |
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| Favorable horizonan interface indicating a particular position in a stratigraphical sequence | 150 metres | ||||
| Geologic Model's Favorable horizonan interface indicating a particular position in a stratigraphical sequence | 900 metre elevation to 1300 metre elevation | ||||
| Trend | N-S | ||||
| Sample Result: | Sample # | Location | Width | Augold g/tgrams per tonne | Agsilver g/tgrams per tonne |
| 17056 | South | 0.70 | 14.2 | 235 | |
| 17055 | South | 0.80 | 1.57 | 200 | |
| 17054 | South | 0.90 | 0.44 | 142 | |
El Titere Vein
| Location: | Mina Real Project, Macedo Area | ||||
| Strike - Longitudinal Section | 700 metres | ||||
| Description: epithermalhydrothermal mineral deposit formed within about 1 kilometer of the earth's surface and within a temperature range of 50 to 200 degrees centigrade, occurring mainly as veins. |
1.0 metre width - North 1.0 metre width - Central 1.0 metre - South contains oxidation & argilical alteration, quartz emplacement several stages |
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| Favorable horizonan interface indicating a particular position in a stratigraphical sequence | 150 metres | ||||
| Geologic Model's Favorable horizonan interface indicating a particular position in a stratigraphical sequence | 900 metre elevation to 1300 metre elevation | ||||
| Trend | NE-SW | ||||
| Sample Result: | Sample # | Location | Width | Augold g/tgrams per tonne | Agsilver g/tgrams per tonne |
| LC-11 | Central | 0.20 | 16.61 | 221 | |
| LC-12 | Central | 1.40 | 0.23 | 28 | |
| LC-13 | Central | 1.90 | 0.13 | 14 | |