Overview
The 3954.1 Ha Picachos Property overlaps a significant porphyry system centered in Southern Sinaloa State, Mexico, near geographic co‐ordinates 105º45’W and 23º12’ N. Mining concessions that define the Property were acquired by staking between 2003 and 2012 over the former “Viva Zapata” Mineral Reserve, a project that was staked and explored by the Servicio Geologico Mexicano in the 1980’s (Bon‐Aguilar, 1987 and Rodriguez‐Rodriguez et al., 1984).
Geographically, the Property overlaps part of the western foothills of the Sierra Madre Occidental, one of the world’s largest silicic igneous provinces (Aranda‐Gomez et al.,2003). Regional geochemical work by the SGM at the turn of the millennium highlighted the Reserve as one of the largest contiguous anomalies for gold and base metals in southern Sinaloa and Northern Nayarit.
Detailed Gold Geochemistry in Stream Sediments
Picachos is situated on one of the largest high-amplitude contiguous anomalies for gold and base metals in the western Sierra Madre with values up to 6841 ppb Au in fine-fraction, active channel stream sediments
Anomalous drainages are on the northeasterly trending Cocolmeca Fault (San Agustin historic mine) and northwesterly trending veins related to Oligocene and Miocene extension (El Placer, Mirador).