Mogollon Property

Highlights

The Mogollon Property is located 120 km from Silver City in southwestern New Mexico. It covers an extensive, silver-gold bearing epithermal vein field. Between 1904 and 1925 the district is reported to have produced 13.1M ounces of Ag and 271k ounces of Au from 1.39M tons of rock¹. Production stopped in 1942 due to the wartime cessation of all gold and silver mining in the United States.

The Property

Historical Drill Results²

Hole

Hole Type

Area

 

From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

AgEq* (g/t)

MGR-2

Core

South Queen

 

77.7

85.3

7.6

7.9

40

711

 

 

 

incl.

80.8

82.3

1.5

19.4

88

1,735

MGR-8

RC

Consolidated

 

257.6

279.7

22.1

2.2

147

334

 

 

 

incl.

275.1

279.7

4.6

4.8

372

777

MGR-12

RC

Consolidated

 

211.1

240.8

29.7

1.3

43

153

MGR-13

Core

Consolidated

 

320.7

329.3

8.5

3.7

250

562

 

 

incl.

323.2

323.9

0.6

23.6

1,619

3,627

 

 

 

incl.

325.2

325.9

0.7

11.9

626

1,638

MGR-14

Core

Consolidated

 

290.6

312.7

22.1

2.9

135

380

 

 

 

incl.

306.6

310.6

4.0

5.7

322

805

MGR-15

Core

Consolidated

 

349.6

352.3

2.7

1.1

99

192

 

 

 

incl.

350.8

351.1

0.3

4.8

422

833

MGR-18

Core

Clifton

 

268.2

276.6

8.4

4.6

200

591

 

 

 

incl.

273.6

275.8

2.3

15.4

671

1,983

MGR-30

RC

Anna E

 

79.2

80.8

1.5

14.2

531

1,741

MGR-35

Core

Consolidated

 

343.7

346.4

2.7

7.1

523

1,127

MGR-38

Core

Consolidated

 

299.0

313.0

14.0

4.5

219

598

MGR-40

Core

Consolidated

 

430.7

434.9

4.3

4.3

267

632

Gold Dust Target

The Property features poorly explored to completely unexplored veins with strong potential for further mineralization immediately surrounding historically producing high-grade mines. There are also a number of undrilled veins with documented small-scale underground exploration workings that were driven above the main mineralized target elevation window. The depth projections of these veins represent strong conceptual drill targets.

Consolidated Mine – Longsection

Data Verification
The data disclosed on this page pertaining to production and drilling is historic in nature. Historic production records for the Property are incomplete and are of unknown accuracy. Neither the Company nor the qualified persons are able to verify the historic production data and therefore investors should not place undue reliance on such data. The Company is unable to verify the data as drill hole rock samples are unavailable, precise drill hole collar locations are unknown, and down-hole survey data is incomplete. As such, the Company is treating the drill results as historical in nature and investors should not place undue reliance on such data. The Company’s future exploration work will include verification of the data.

¹ Geology and Ore Deposits of the Mogollon Mining District, New Mexico, U.S. Geological Survey Bulletin 787, Henry G. Ferguson, 1927

² Drill Logs, Cordex Exploration Company Records, 1984-1989

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