Gold and silver mineralization at the Shahuindo Gold Project consists of several zones of hydrothermal alteration in which 4 resource-bearing zones have been derived. These include from East-South-East (ESE) to West-North-West (WNW) Moyan Alto Zone, East Zone, Central Zone and West Zone. These zones comprise the Central Mineralized Corridor.
Two other mineralization corridors, parallel to the Central Corridor, are also found on the property. The South Mineralized Corridor is located 1.5 kilometers South-South-West (SSW) of the Central mineralized corridor and encompasses areas of high-grade veins located on top of the Algamarca Anticline. The North Mineralized Corridor is located 2.5 km North-North-East (NNE) on the Central Corridor, and hosts the Mina Shahuindo (Minas Azules) old gold mine operated intermittently by Minera Algamarca in the 1980’s.
For more information on the geology of the Shahuindo deposit, click HERE to view the "Geological Forum" presentation from November 17th, 2009.
Mineral Resources
An updated NI 43-101 Mineral Resource Estimate for the Shahuindo Gold Project was completed in June 2011.
|
Indicated Gold & Silver Mineral Resources, Shahuindo Project |
|
Gold Ounces
|
Gold (grams/tonne)
|
Silver Ounces |
Silver (grams/tonne) |
Tonnes |
| Oxide (0.2 g/t cut-off) |
1,776,000 |
0.50 |
21,350,000 |
6.0 |
111,430,000 |
| Mixed (0.35 g/t cut-off) |
195,000 |
0.78 |
6,630,000 |
26.6 |
7,750,000 |
| Total |
1,971,000 |
0.52 |
27,980,000 |
7.3 |
119,180,000 |
|
Inferred Gold & Silver Mineral Resources, Shahuindo Project |
|
Gold Ounces
|
Gold (grams/tonne)
|
Silver Ounces |
Silver (grams/tonne) |
Tonnes |
| Oxide (0.2 g/t cut-off) |
228,000 |
0.37 |
2,270,000 |
3.6 |
19,390,000 |
| Mixed (0.35 g/t cut-off) |
16,000 |
0.69 |
240,000 |
10.7 |
710,000 |
| Sulphide (0.5 g/t cut-off) |
1,192,000 |
0.89 |
36,070,000 |
26.3 |
42,730,000 |
| Total |
1,436,000 |
0.73 |
38,580,000 |
19.1 |
62,830,000 |
The new mineral resource estimate was completed by Paul Tietz, Senior Geologist at Mine Developments Associates, who is the independent "Qualified Person" as defined by National Instrument 43-101.
Upside Potential
In June 2010, 3rd party consultant, Dr. Robert Hodder, completed a report focusing on the petrographic reconnaissance of selected samples, which helps put the Shahuindo mineral deposit in a structural framework. Dr. Hodder's research suggests excellent potential for significant additional mineral discoveries. Click on the link below to view the report.
"The Shahuindo Epithermal Gold Occurence; Petrographic Reconnaissance & Interpretation of Shape and Size"