Presentation is loading. Please wait.

Presentation is loading. Please wait.

January 2012 Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare.

Similar presentations


Presentation on theme: "January 2012 Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare."— Presentation transcript:

1 January 2012 Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property in Chihuahua. Samalayuca is filing claims on unclaimed property near the Kaity claim (Kaity II). Camex owns 33.75% of Samalayuca but is completing the purchase of additional shares to bring its ownership to 75%. Firex, a mining engineering company owns the other 25% Meus Mexican mining/exploration company based in Sonora, Mexico, 100% Camex owned Meus owns Escondida a silver, copper, zinc property in Sonora, Mexico Meus has an option on a second property, potentially a copper, silver gold porphyry VVC Exploration Canadian company with 2 Mexican gold properties and 2 Canadian gold properties. Camex owns 12% of VVC shares and warrants for an addition 12% Palos Merchant Bank owns 6.5% of VVC shares with warrants for and additional 6.5% Hard-Rock Minerals Canadian Exploration/Development company 30% owned by Camex Hard-Rock owns 2 gold properties in the north of Sinaloa, Mexico.

2 Camex Mexican Properties
Samalayuca Cerro Blanco Cumeral La Escondida Emily--what I would like to do is click on ~Samalayuca and get slides 17-30 I have pasted this picture in in multiple places to click on—not sure if that is necessary—will leave that to you La Tuna Copper Creek

3 Samalayuca Project (Kaity Claim)
Located 60 K South and West of El Paso Texas in Chihuahua Mexico Stratiform sedimentary copper deposit with significant gold and silver in at least 5 mineralization zones with speculative inferred resource of 38 million pounds of copper on approximately 10% of the area and to a depth of only 40 meters Pursing unclaimed property adjacent to Kaity with indications of mineralization continuation from Kaity State of Chihuahua agreed to provide and pay for electricity to the property Land use contracts in place with all land owners (ejidos) for Pilot Mine Firex—a Mexican Mining Engineering and Contracting firm and 25% owner of Samalayuca will provide all of the capital for the startup of the Pilot Mine Add General points or info about company—private, percentages etc. Artisanal Enero 2010

4 Google Map View of Samalayuca Claim 10K by 3K on 1623 Hectares
Need one of these for all projects

5 Pre-feasibility Drilling
Samalayuca Position Production Feasibility Proven Reserves Pre-feasibility Drilling Resource Evaluation Pilot Mine Definition Drilling First Resource Calculation Exploration/Drilling Stage Project Acquisition/Surface Evaluation

6 Five Principal Mineralized Zones
Samalayuca Five Principal Mineralized Zones

7 Samalayuca Exploration January 2010:
Reconnaissance sampling in all historically mined zones in Samalayuca claims by André St-Michel April 2010: Detailed sampling in principal historical mined zones, including Gloria, Gloria Extention, Concha, Juliana, Zorra, Trinidad, and Suerte by Edwardo P.C., Bsc.Geology January 2011: Regional mapping and sampling around Gloria, Gloria Extention, Concha, Juliana, Zorra zones by Jocelyn Pelletier, P Geo April 2011: Detail mapping and sampling in Concha zone by Jocelyn Pelletier, Pgeo. Visit and review by Julio Pintado, PhD, P.Geo, Mexican specialist. May 2011: Detail mapping and sampling in Gloria and Gloria Extention zones by Jocelyn Pelletier, Pgeo. Visit and review of project Michel Gauthier, PhD, P.Geo, metallergy and stratiform copper deposit specialist. October 2011: completed covering 10% of project to depth of 40 meters—inferred copper resource of 38 million pounds. 1950’s-1970’s: Artisanal mining-ore to Asarco 1965:Minera Fresnillo: 5 drill holes--854m 1967: Pemex: Detail mapping activities. 1969: MS Thesis of Edgar L. Berg for UT Austin: Geological studies and mapping 1970: Earth Resources: 2 drill holes : MXUS: Mapping, sampling, drilling-51 air track, 4 reverse circulation, and 2 core drill holes 1993: MS Thesis Craig Bruno,Queens College, New York: Exploration, geological studies and mapping activities :Phelps Dodge: Mapping, sampling, drilling. Abandoned after Phelps Dodge sale in 98

8 Samalayuca Copper Mineralisation Model
3 Principal Types of Possible Mineralisation April 2011

9 Samalayuca Copper Mineralisation
Three Types of Mineralization in Samalayuca Model Original diagenetic stratiform copper mineralisation Lateral zonation of copper mineralisation Copper content ranges from 0.25% to 1% Secondary structural enrichment Results from stratification Quartz vein remobilisation. Copper content ranges from 1% to 2% Supergene Enrichment Surface lixiviation Enrichment along vertical fractures in oxididation zone. Enriched sulfides in zone. Copper content is 2% and higher

10 Typical Stratiform Mineralisation
Samalayuca Typical Stratiform Mineralisation Typical mineralisation of chloritised quartzitic-arenite beds (20-100cm) with low grade mineralisation, with rarely observable copper sulfides dissemination. Malachite-chrysocola fractures with up to 1-2% Cu.

11 Samalayuca Supergene Enrichment
Supergene (black zone) Enrichment is late geological phenomenon due to meteoritisation, where the original mineralisation is transfomed and remobilised lower in the host rock. Meteoric waters intrude along porosity and structural weak planes to attack original minerals, such as sulfides to transformed them into secondary minerals, such as hydroxydes-oxydes-carbonates). Secondary minerals are remobilised and concentrate along fault and fracture zone. Possibility of copper enrichment by circulation of copper ion (Cu++) absorbed by sulfides all along the descent. Geochemical change is more intense in reduced oxidation conditions. Supergene copper content over 2% Samalayuca Supergene Enrichment

12 Samalayuca Supergene Copper Enrichment Interpretation
Malachite Chrysocolla Chalcocite, Digenite Cu+ Bornite, Covellite Copper Sulfides Brochantite Pyrite Chalcopyrite Tenorite, Cuprite Look at this again—do I have a better one

13 Example of High-Grade Supergene Copper Ore
Chuquicamata (Chile)

14 Recommendations for Samalayuca Property
Complete permitting process Drill area chosen for heap leach pads to insure against covering mineralization zone Start Pilot Mine Complete the resource evaluation of the balance of the Kaity claim and if appropriate Kaity II

15 Meus 100% Camex Owned Mexican Company Escondida Cerro Blanco
Located in Northern Sonora State of Mexico 70 K from Arizona border, 140 K from Tuscon Contains significant silver with gold, copper and lead Surface samples contained more than 100 ounces of silver per ton in progress—expected by end Q1 of 2012 Cerro Blanco 50 K from La Escondida is under option A gold, silver, copper project with a breccia pipe that strongly suggests a large porphyry deposit at depth

16 Camex Mexican Properties
Samalayuca Cerro Blanco Cumeral La Escondida La Tuna Copper Creek

17 Escondida Escondida project is located in Central Sonora, Mexico, 140 K south of Tucson Arizona. Property covers 178 hectares with three major mineralization structures. Initial exploration campaign was begun in July 2011, with 116 samples taken as the mapping of the property was completed. The property show very interesting high grade values of silver, and considerable values of gold—12 samples had more than 300 grams of silver per ton and 7 had over 0.5 grams of gold per ton. An initial is in progress with expected completion in Q1 of

18 Google Map View of Escondida

19 Escondida Position on the Camex Triangle
Project Acquisition/Surface Evaluation Exploration/Drilling Stage Definition Drilling First Resource Calculation Pre-feasibility Drilling Resource Evaluation Pilot Mine Feasibility Proven Reserves Production

20 Escondida An Orogenic Gold-Silver Deposit

21 Historical Exploration & Mining Work Escondida
Copper discovered in region in 1660 Carlin type deposits in area mined including gold at Santa Gertrudis and gold/silver at Las Chispas Known gold/silver quartz mineralizations close to Escondida include: Guijas—200 m north Renegada—6.4 km SSW San Vicente—11.6 km SSW Las Flores—16.5 km SW La Soledad—14.7 km NW El Otate—17.6 km NNW Merceded—24 km NE  Unknown Substantial artisanal mining of gold and silver evidenced by small pits, mine dumps and stockpiles 2009: Mexican Company Prospection and channel chip sampling (170 samples) with values up 1.85 g/t Au over 1.2 meters wide 2011:Meus 116 rock chips, block and grab samples with values reaching: 300 oz per ton silver 3.99 grams per ton gold

22 Escondida Exploration Activities
January 2011: Reconnaissance sampling in all historically mined zones in Escondida claims by André St-Michel October 2011: Regional mapping and sampling by Jocelyn Pelletier, P Geo Novermber 2011: Visit and review of project by Jaques Marchand for initial study November 2011: Visit and review of project Michel Gauthier, PhD, P.Geo, metallergy and stratiform copper deposit specialist. December 2011: First Draft of completed covering. Escondida Exploration Activities Need a different Picture

23 Epizonal Au-Ag-Sb Deposit
Escondida Epizonal Au-Ag-Sb Deposit Jamesonite (Pb4FeSb6S14 )--Lead mineralization at Escondida indicates characteristic Au-Sb epizonal orogenic metallic association

24 Escondida Second type of mineralization target in Escondida: Gold-bearing quartz veinlets stockwork in competent gabbro Shrink picture and add title—Quartz Veinlet Gold Stockwork Fix competent/incompetent language (or change so you use other language in one of them)

25 Kalgoorlie(Australia): A world-class orogenic gold deposit in such competent gabbro
Reformat with both images. Title—Comparison Property

26 Recommendations for Escondida Property
First complete a ground magnetic survey to delineate the gabbro competent mass within the incompetent turbidite sequence Engage a geophysicist to carry out a 3D mag inversion that can be integrated in a 3D GIS software Plan a couple of diamond drill holes that would target: 1) pressure shadow zone in the gabbro mass and 2) probe a possible saddle reef staking below La Generosa, La Abundancia and La Discreta ‘veins’ These three steps can be completed relatively quickly and cheaply to determine if Escondida is indeed a large deposit or simply gold silver veinlets. Make recommendations slide for each property--wordiness

27 Cerro Blanco Sonora, Mexico, 45 K from Cananea
The property is 297 hectares characterized by Au-Ag enargite veins with great potential for gold silver and copper. Historically there has been considerable exploitation of high grade veins. These mineralized veins are on top of a pebble breccia pipe suggesting a porphyry copper target that is a possibility for open pit exploitation. Initial sampling shows relatively high grade values for gold silver, and copper (5.45 g/tn Au, 0.7kg/tn Ag and 1% copper Project has similar characteristics to Butte (Montana), “the richest hill on earth.”

28 Cerro Blanco Position on the Camex Triangle
Project Acquisition/Surface Evaluation Exploration/Drilling Stage Definition Drilling First Resource Calculation Pre-feasibility Drilling Resource Evaluation Pilot Mine Feasibility Proven Reserves Production Production Feasibility Proven Reserves Pre-feasibility Drilling Resource Evaluation Pilot Mine Definition Drilling First Resource Calculation Exploration/Drilling Stage Project Acquisition/Surface Evaluation

29 Classic Model for Au-Ag Enargite Vein-System on Top of a Porphyry Copper Target

30 Significant Presence of Breccia-Pipe
at Cerro Blanco Similar to Classic Model

31 Cerro Blanco has similar characteristics
to nearby Cananea Use this as a model for the other properties

32 Recommendations for Cerro Blanco
Complete a ground Induced Polarization (IP) survey of the property. If IP anomalies are detected, especially below the en échelon veins system make a 3D IP inversion that can be integrated in a 3D GIS software for evaluation and exploration planning Based on the 3D GIS evauuation drill one or two deep diamond drill holes to probe IP anomaly that would be coincident to an outcropping Cu-Au vein system. Clean up wording

33 Camex Mexican Properties
Samalayuca Cerro Blanco La Escondida Copper Creek

34 Hard-Rock Minerals Hard-Rock Mineral Developments Inc is a private Canadian Mining/exploration and development company that is focused on a project that could lead to gold, silver, copper and zinc production in short time frames. Hard-Rock owns Mineral Copper Creek S.A. de C.V., a Mexican mining company that owns mining properties in Ayutla, Jalisco Mexico. Camex owns 30% of Hard-Rock Minerals

35 Copper Creek The property contains 4 existing, non-operating mines with near surface minerals that could be surface mined. Initial sampling and historical data from these mines indicate 350,000 to 500,000 tons of ore containing gold, silver and copper. In addition there is a significant ore dump, tailings pile and a 50 ton per day mill that could be renovated into use at a 200 ton per day capacity. Estimated production in less than 12 months. Hard-Rock is pursuing a JV with a local engineering company to process the ore dump and tailings pile Enero 2010

36 Copper Creek Position on the Camex Triangle
Project Acquisition/Surface Evaluation Exploration/Drilling Stage Definition Drilling First Resource Calculation Pre-feasibility Drilling Resource Evaluation Pilot Mine Feasibility Proven Reserves Production

37 Recommendations for Copper Creek
JV with local mining company to process ore stockpile and tailings pile Complete initial drilling program based on the channel sampling. Sample grade up to: 4 g/t Au 400 g/t Ag 5% Zn and 2% Cu Complete Renovate existing mill Enero 2010


Download ppt "January 2012 Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare."

Similar presentations


Ads by Google