Risk and valuation analysis of the El Oro Project |
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Title(s) of the El Oro Project |
| Candente Gold Corp. Interest: 50% |
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Title | Company Profile | All Projects | Company website | Company project page |
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| VanEck Vectors Global Alternative Energy ETF |
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Title | Company Profile | All Projects | Company website | Company project page |
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Luismin S.A. de C.V. ("Luismin"), a subsidiary of Goldcorp Inc, owns 50% of the project |
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Location of the El Oro Project |
The El Oro project is located in the El Oro-Tlalpujahua mining district approximately 120 km northwest from Mexico City, straddling the border between the states of Mexico and Michoacán.
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History of the El Oro Project |
In the late 19th and early 20th century the El Oro deposit was the most important goldsilver camp in Mexico with past production of over 8 million gold equivalent ounces from the San Rafael and Veta Verde Veins. This area still possesses the potential to find new mineralized veins and extensions of the known veins.
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Geology of the El Oro Project |
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The El Oro property geology consists predominantly of Tertiary and Quaternary andesitic flows and tuffs underlain by Cretaceous and Jurassic meta-sediments and meta-andesite.
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