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ARROYO SECO Project
ARROYO SECO
Country
Mexico
Province
Michoacan
Status
BROWN EXPLORATION
Surface
12 km² / 3,002 acres
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Silver -
Risk and valuation analysis of the ARROYO SECO Project
Status Risk : Brown exploration
Country Risk : Light
Resource Risk : 10.00%
In situ value
346,560,000 $
Title(s) of the ARROYO SECO Project
Endeavour Silver Corp.
Owner: 100%
Title
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Arroyo Seco was purchased at auction from Servicio Geologo Mexicano ("SGM", the Mexican Geological Survey) for US$229,000, payable over 2 years, plus a 1% NSR production royalty. This 1215 hectare (3002 acre) property was first worked in the 1600's by the Spaniards, who developed 3 small mines, Los Alacranes, San Ignacio and El Zapote.
Location of the ARROYO SECO Project
The Arroyo Seco property located in south-eastern Michoacan. The three old mines are 2.5 km apart and the property covers 5.0 km along the prospective sedimentary stratigraphy.
Geology of the ARROYO SECO Project
Arroyo Seco is somewhat unique to Mexico in that the silver mineralization appears to be syn- sedimentary in nature, forming stratiform tabular lenses within three stacked sedimentary layers. Mineralization consists of tetrahedrite, tennantite, argentite, and minor galena, sphalerite, chalcopyrite and pyrite associated with barite, calcite, and quartz in disseminated sulfide zones.
Reserves and resources of the ARROYO SECO Project
Tonnage
Grade
Reserves and resources
Silver
Silver
oz
oz
Historical
16 000 000
Total
Definitions
Reserves and resources of the ARROYO SECO Project
Metal
Resources
Unit
In situ value
Historic or estimated resource
Silver
16 000 000
oz
361 440 000 US$
Important:
Historic or Estimated Resources have not been independently verified and cannot be relied on for economic purposes.
Exploration and drilling
10/25/2006
Acquires Arroyo Seco Silver Project in Michoacan, Mexico
Data last updated on : 8/7/2007
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