Vendome Resources has provided an update on the San Javier Mine property, which is situated in the Malinaltepec municipality, State of Guerrero, Mexico.
The company has planned a reconnaissance campaign on the property's mineralized systems that will commence shortly. A.C.A Howe International, the company's consultant, has suggested that a preliminary program will help in determining potential targets for upcoming drilling activities. Furthermore, the program will sample the vein systems and analyze the possibility for lower-grade zinc/lead/silver massive mineralization in rocks where the vein systems exist.
The company will set up a control grid for soil sampling and magnetic surveys. In addition, test induced polarization surveys will be carried out in certain regions to map potential disseminated sulphides and modified zones in the vein system wall rocks. The company will also conduct a property-scale mapping. At present, a structural study from the San Javier concession’s satellite imagery is in progress.
According to Franz Kozich, President of Vendome Resources, the company is happy to start the exploration activity because a recorded systematic study of the San Javier Mine Property does not exist. This program may help discover new vein exposures, produce lower grade bulk mineralization and high grade polymetallic values in the modified wall rocks hosting these vein systems.
The property, measuring 253 ha, lies in southwestern Mexico’s Sierra Madre del Sur precious metal belt. Vendome Resources can earn a 50% interest in the San Javier Mine property by issuing 3,800,000 common shares, making collective cash payments of $325,000, and incurring $2,600,000 in exploration costs.
Source: http://www.vendomeresourcescorp.com/