TSX.V:PCV
El Centenario, Mexico
Pacific Cascade Minerals Inc. has signed an agreement to earn a 70% interest in a 9,846-hectare property, the “El Centenario” in the state of Durango, Mexico. The El Centenario Property consists of 12 adjoining mineral claims located approximately 210 km NW of Durango city and 10 km NW of the town of San Juan de Camarones. The Property is in the heart of the Sierra Madre Occidental, a Tertiary-age volcanic belt that extends from the US border to Guatemala. This volcanic structure is known to host many large gold-silver deposits.
The La Cienega mine, owned and operated by Industrias is located 15 km NE of the property. Existing records show that to date La Cienega has produced more than 2M oz of gold and 50M oz of silver. Ten kilometers to the S-SE of the property is the Metates deposit under development by Chesapeake Gold which hosts a drill- proven gold-silver measured and Indicated resource of 17.2 million ounces of gold, 467 million ounces of silver and 3.4 billion lbs of zinc.
The El Centenario Property area encloses a historical, little explored, high-grade mining district that has had artisanal mining activity since Spanish Colonial times in the late 1600’s. The Property hosts 3 significant surface zones of mineralization as evidenced by historical data and small scale mine workings. Two of the three zones are accessible by road from the nearby towns.
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