Risk and valuation analysis of the Vuelcos del Distino Project |
Status Risk : Green exploration |
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Title(s) of the Vuelcos del Distino Project |
| Minaurum Gold Option: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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To exercise the Option, Minaurum shall be required to make a total of $335,000 in cash payments, issue a total of 1,000,000 common shares of stock and incur a total of $2,000,000 in exploration expenditures on the Project over a four year time period. |
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Location of the Vuelcos del Distino Project |
The Project concession block covers 8,800 hectares and is approximately 25 highway kilometers north of the Guerrero state capital of Chilpancingo. Vuelcos del Destino is located on the southeastern portion of the 31 million ounce Guerrero Gold Belt ("GGB"), 19 kilometers from the Los Filos mine (16.27 Moz gold).
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History of the Vuelcos del Distino Project |
In early 2011 Geotech Ltd. was contracted to carry out a helicopter--borne Variable Time-Domain Electromagnetic (VTEM) / Magnetic survey at the Vuelcos del Destino project. Subsequently Condor Geophysics provided analysis and interpretation of the re more...
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