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La Preciosa Project
La Preciosa
Country Mexico 
Province Sierra madre
Close to Durango
Status FEASIBILITY  Mining Trend Durango
Surface 184 km² / 45,516 acres
Latitude / Longitude 24 N 28 / 104 W 20
Legends
Valorisation
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Produces
Develops Gold - Silver -
Explores for
Risk and valuation analysis of the La Preciosa Project
Status Risk : Feasibility
Country Risk : Light
Resource Risk : 34.00%
In situ value
4,015,817,357 $
    Link to technical report
Title(s) of the La Preciosa Project
Orko Silver Corporation
Joint venture: 100%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Orko Gold Corporation entered into an option agreement in late 2003 with two companies under the direction of Luismin S.A. de C.V., now a part of Goldcorp Inc., to acquire an interest in the LA PRECIOSA silver-gold prospect. A news release, dated 4 more...
Pan American Silver Corp.
Joint venture: 55%
Company ProfileAll ProjectsCompany website
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Pan American has a joint venture with junior Orko Silver, in which the larger company agreed to fund the construction of the mine and contribute its expertise, in exchange for a 55% interest in the project.
Location of the La Preciosa Project
La Preciosa property is located in Durango State, 47 km northeast of the city of Durango (Figure 1). It consists of a block of mineral exploitation concessions covering nearly 18,420 hectares located southeast of the village of Francisco Javier Mina, northwest of the village of Francisco I. Madero and east of the village of Ricardo Flores Magon.
 
History of the La Preciosa Project
Initial discovery of mineralization may date back to the time of the Conquistadors. A coin dated 1736 was found in one of the nearby streams. Early miners, operating in the era of Porfirio Diaz (1876-1911), concentrated mainly on small-scale mining more...
 
Geology of the La Preciosa Project
La Preciosa property covers Tertiary aged gold and silver bearing epithermal quartz veins, with barite and lesser quantities of base metals, primarily zinc and lead. There are two major vein and vein-breccia systems exposed on a series of hills and more...
 
Reserves and resources of the La Preciosa Project
TonnageGradeReserves and resources
SilverGoldSilverGold
g/tg/tozoz
 Indicated24,800,000142.000.28 113 222 069 223 255
 Mesured and Indicated24,800,000142.000.28 113 222 069 223 255
 Inferred15,200,00096.000.17 46 914 369 83 078
 Total 40 000 000 160 136 439 306 332
Definitions
Reserves and resources of the La Preciosa Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Silver 160 136 439 113 222 069 113 222 069 46 914 369oz3 588 657 587 US$
 Gold 306 332 223 255 223 255 83 078oz 421 105 841 US$
Production
8/11/2011(Pan American Silver)AND ORKO SILVER RELEASE POSITIVE PRELIMINARY ECONOMIC ASSESS...
Exploration and drilling
2/16/2012(Orko Silver)Provides an Update of Activities at La Preciosa
2/20/2011(Orko Silver)has Retained the Services of AMEC for a Review of La Precios...
7/6/2010(Orko Silver)La Preciosa Drilling Yields 46 Metres of 219 g/t Silver-Equi...
12/17/2009(Orko Silver)Pan American Silver and Orko Silver Announce Positive Test R...
9/9/2009(Orko Silver)Delineation Drilling by Pan American Confirms Orko Results 3...
6/23/2009(Pan American Silver)& Orko Begin Comprehensive Drilling & Development Program at...
6/23/2009(Orko Silver)Pan American Silver and Orko Silver Begin Comprehensive Dril...
6/16/2009(Orko Silver)Surface Trenching of Nancy Vein Yields Excellent Results
4/17/2009(Orko Silver)Clarification of Joint Venture Agreement
4/14/2009(Pan American Silver)and ORKO SILVER TO JOINTLY ADVANCE THE "LA PRECIOSA" SILVER ...
4/14/2009(Orko Silver)Pan American Silver & Orko Silver to Jointly Advance The "La...
10/10/2007(Orko Silver)Adds Fourth Drill Rig
Discoveries and Drilling Results
5/3/2010(Orko Silver)More drill results at La Preciosa
11/13/2009(Orko Silver)Continues to Receive Encouraging Drilling Results
2/18/2009(Orko Silver)Increases and Upgrades La Preciosa Resource Estimate
10/22/2008(Orko Silver)Extends Martha Vein by 400 Metres
9/8/2008(Orko Silver)Hits 26 Metre Intercept on Martha Vein
7/22/2008(Orko Silver)Reports Multiple Hits into Martha Vein at La Preciosa
4/28/2008(Orko Silver)Hits 25.59 metres grading 222.3 g/t Silver-equivalent on Mar...
4/17/2008(Orko Silver)Metallurgical Test Results Indicate Silver Recoveries Approa...
11/19/2007(Orko Silver)Hits 16.55 metres grading 377.7 g/t silver-equivalent on Mar...
10/1/2007(Orko Silver)Increases Resource Estimate by 86% to 73.1 Million Ounces Si...
9/19/2007(Orko Silver)Continues to Hit Wide High Grade Intercepts at La Preciosa
9/19/2007(Orko Silver)Reports High Grade Assay Results from Transversal Vein
6/5/2007(Orko Silver)Continues to Hit Major Silver-Gold Intercepts at La Preciosa
5/30/2007(Orko Silver)Intercepts 19.05 metres of 239.6 g/t Silver-Equivalent
5/9/2007(Orko Silver)Hits Major Intercept in Martha Vein at La Preciosa
4/18/2007(Orko Silver)Delivers More Positive Drilling Results from La Preciosa
2/25/2007(Orko Silver)Santa Monica Project Yields Excellent Gold and Silver Values...
2/12/2007(Orko Silver)Hits Highest Grade Gold Intersection at La Preciosa
8/23/2006(Orko Silver)Drilling at La Preciosa Continues to Extend Zone of Minerali...
6/7/2006(Orko Silver)Drilling at La Preciosa Confirms Mineralization at Depth
8/9/2005(Orko Silver): La Preciosa Drilling Hits Further High Grade Silver/Gold M...
Location
Data last updated on : 3/31/2009
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources