Mr. Dane Peterson, World Investments of Mexico’s President, has inked a letter of intent with Crowne Ventures for additional exploration and production at its Gallo de Oro property, which is situated in Nayarit’s Tecuala area, Mexico.
This property is an intrusion of hard rock, which is greatly mineralized and enclosed by adjacent properties encrusted in free Silicified breccias.
WIM has spent considerable funds of the exploration program over the previous six years of exploration and advancement at the Gallo de Oro property that has made a strong geologic understanding and its connection to the contiguous production district.
During the course of the exploration and testing performed by WIM, significant deposits of gold and silver have been identified including considerable levels of rare earth elements. At present, WIM is able to analyze the ore production of up to 10 t per day along with the installation of custom built equipment at a safe site. Additionally, basic assay and lab amenities were installed at this site.
The location of Gallo de Oro mineral deposit is in the Nayarit state, Mexico. This deposit is believed as a broad mineralized region and has been found as main silver, gold and other mineral deposit. The deposit has been mined and is now successfully explored by many well-known geological and mining organizations.
WIM’s President signifies that the Gallo de Oro claim area enclosed in the contract has the good prospective of developing additionally into a large-scale gold and silver producing mine in a short time.
Source: http://www.crownemining.com/