Cimarron Summary
The Cimarron Property – located 20 km north-northeast of the town of El Rosario. This property is comprised of 2,874 ha of land. A historical gold resource was estimated for Cimarron in February 2011.
Cimarron is an advanced stage property situated within a single concession that was acquired along with La Trinidad in March 2021 and is located 40 kms to the northwest of La Trinidad. Several targets have been identified at Cimarron including Calerita, El Prado, Huanacaxtle and Betty, however, Calerita is the only target to have been drilled to date. The near surface historical inferred resource at the Calerita prospect contains 3.7 Mt at 0.65 g/t Au for approximately 77,000 oz of gold, which is open along strike and down dip.
The February 2011 resource is considered by the Company to be a historical resource. The company is currently assessing the work completed by previous owners, to define the feasibility of additional drilling, aiming at identifying additional near-surface mineralization.
