Cieneguita Project
Country Mexico 
Province Chihuahua
Surface 8 km² / 2,031 acres
Latitude / Longitude 28 N 25 / 106 W 36
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Develops Copper - Gold - Lead - Silver - Zinc -
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Last updated on 3/15/2011 - Terms of Use
Risk and valuation analysis of the Cieneguita Project
Status Risk : Feasibility
Country Risk : Light
Title(s) of the Cieneguita Project
Rio Tinto
Option on interest: 80%
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Pan American currently has a joint venture agreement with Minea Rio Tinto under which MRT can earn 60% of the project by successfully initiating production on a small scale, followed by the funding of an additional $4 million toward the completion of a bankable feasibility study
Pan American Goldfieds Inc.
Joint venture: 20%
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The Cieneguita Property (the ‘Property’) is 100 % owned by Mexoro Minerals Ltd. and comprises four contiguous claims totaling over 8,000,000 m2 located in the state of Chihuahua,
Location of the Cieneguita Project
Located 375 km from Chihuahua City in canyons called the Baja Tarahumara in southwest Chihuahua, this site is only 20 kilometers from El Sauzal, which is Glamis Gold's newest and largest gold mine, producing 170,000 of gold in 2005, its first year of more...
History of the Cieneguita Project
From 1995 to 1998, Glamis Gold mined and processed 198,000 metric tonnes with a grade of 2.33 grams gold per tonne. This major gold company stopped production on this site at that time due to low gold prices and to pursue their strategy of focusing on mines with at least 1 million gold ounces.
Production history
GOLD (oz)340
SILVER (oz)21,797
Data last updated on : 5/10/2010
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