| Risk and valuation analysis of the EL CHANATE Project |
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| Title(s) of the EL CHANATE Project |
 | Capital Gold Corp.
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Capital Gold paid AngloGold $ 55,000 and has agreed to several net interest payment and net smelter returns, both capped at US$ 18,018,355. The agreement also gives Anglo Gold the one time right to buy back into the project up to a 51% interest. |
 | Royal Gold Inc.
Net Smelter Return: 4% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the EL CHANATE Project |
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El Chanate is located in the northwest corner of the state of Sonora, Mexico, near the city of Altar. The project is 25km northeast of Caborca, 280km northwest of Hermosillo, and 170km southwest of Tucson, Arizona, USA.
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| History of the EL CHANATE Project |
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Historic mining in the area dates from the beginning of the 20th century, always looking for Gold.
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| Geology of the EL CHANATE Project |
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The El Chanate orebody is gold mineralization which is structurally controlled with no apparent preferential lithological host rock type. Gold mineralization occurs predominantly with zones of thin sheeded quartz veinlets, which are spatially associated with the south dipping El Chanate Fault. Dense swarms of these veinlets form the economic portion of the deposit.
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