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San Martin Mine, Mexico

The San Martin project is located 50 km east of the City of Querétaro in Querétaro State, and about 250km northwest of Mexico City. High grade mineralization was discovered at San Martin in the 18th Century, and is reported to have been mined over a period of 40 years; however, no production records exist. Between 1900 and 1924, an estimated 250,000 tonnes grading 15 g Au/t and 100 g Ag/t was reportedly mined.

Location Map

The San Martin project is located 50 km east of the City of Querétaro in Querétaro State, and about 250km northwest of Mexico City. High grade mineralization was discovered at San Martin in the 18th Century, and is reported to have been mined over a period of 40 years; however, no production records exist. Between 1900 and 1924, an estimated 250,000 tonnes grading 15 g Au/t and 100 g Ag/t was reportedly mined.

The San Martin Wedge

The "San Martin wedge" is located at the extreme northeast end of the San Martin portion of the mine. In this location the principle Northeast trending breccia zone was followed along a north northwest trend. Examination by Starcore subsequent to the acquisition indicates that this change in orientation is due to mineralization being dragged along a northerly trending fault with a westerly dip. The result of this is that the area below and northeast of this mineralized fault has seen little exploration between it and the main 28 zone limiting fault. The area between these two faults represents a good target to locate the unexploited Northeast breccia zones in the upper levels where grades were higher than we have in the lower levels. Work to date resulted in the development of a small fault controlled segment which produced 3,905 tonnes grading 3.83 g/t Au and 46 g/t Ag.

The 29 Gap

The "29 Gap" is the northern part of the 29 area of the mine property. To date no mineralized bodies have been discovered in this portion of the mine yet several orebodies have been mined to the north in areas 30 and 31. Within the southern part of the 29 area the mine has exploited both manto and tronco orebodies with grades in excess of 4 grams of gold and over significant thicknesses yet the numerous late stage faults have resulted in no economic mineralization in the northeastern part of this area being located to date. One piece of the orebody, located in the 29 area, during 2008 resulted in the production of 57,000 tonnes that year (roughly 21% of the annual production) with an average grade of 4.17 g/t Au and 63 g/t Ag.

San Martin Mine, Mexico
San Martin Mine

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