COMMODITY |
Gold and Silver |
DEPOSIT TYPE |
Low Sulphidation Epithermal Au-Ag Rhyolite Flow Dome Complex |
LOCATION |
Sonora, Mexico – 40 km SW of Agua Prieta |
SIZE |
7,739.4 hectares |
STATUS |
Drilling Commenced - February 2021 |
HIGHLIGHTS |
133.7 g/t Au and 335 g/t Ag top rock chip and grab samples |
Sample # |
Au (ppm) |
Target |
RRI-6038 |
43.2 |
San Jose |
RRI-6034 |
5.6 |
San Jose |
RRI-6046 |
2.5 |
North Breccia |
RRI-6047 |
1.08 |
North Breccia |
Sample # |
Au (ppm) |
Target |
Channel Thickness |
Rock Type |
RRI-32975 |
48.3 |
San Jose |
0.75-m channel |
Underground silicified fluidial rhyolite |
RRI-32997 |
0.86 |
San Jose |
1.70-m channel |
Silicified breccia |
RRI-32976 |
0.78 |
San Jose |
0.85-m channel |
Underground silicified breccia |
RRI-32978 |
0.66 |
San Jose |
1.60-m channel |
Silicified breccia |
RRI-32974 |
0.66 |
San Jose |
0.80-m channel |
Underground silicified breccia |
RRI-32998 |
0.56 |
San Jose |
1.25-m channel |
Silicified fluidal rhyolite |
Vesting Date |
No. of Special Warrants Vested/Converted |
12 months from Closing |
500,000 |
18 months from Closing |
500,000 |
24 months from Closing |
500,000 |
30 months from Closing |
500,000 |
36 months from Closing |
1,000,000 |
Total: |
3,000,000 |