Chihuahua State, Mexico
Gold-silver property near Ocampo mining district
Gold and silver
Option to purchase 7 concessions
Current Activities & Work
Completed initial drill program Q4 2020; assays pending
Drill permit received Q1 2019
Yoquivo is an exploration-stage gold-silver exploration project located in Western Chihuahua State, Mexico. In October 2017 we acquired the right to purchase concessions covering the Yoquivo District, Ocampo Municipality, Chihuahua through an option agreement. The Yoquivo District is a past producing, bonanza grade epithermal vein gold and silver district located 35 kilometers southeast of the Ocampo Mining District. The claims cover an underexplored epithermal precious metals district that shows similar mineralization to the adjacent Ocampo mining district, and Golden Minerals, through systematic exploration, hopes to identify significant high-grade mineralization.
We completed a 3,400-meter, 15-hole drill program in Q4 2020, exploring the principal veins at Yoquivo. The drilling targeted the silver-gold Pertenencia, San Francisco and Esperanza vein systems to better understand the nature and distribution of the high-grade mineralization. The Company expects to be able to announce results from the drilling program during Q1 2021.
In October 2018, we announced high-grade assays from a recent surface sampling program at Yoquivo. To date, 756 samples have been collected, and the sampling program has identified and sampled a series of low-sulfidation quartz veins and breccias. Complete results are available on the Maps & Drill Results page.
Sample highlights are shown below:
The Yoquivo district is located on the headwaters of the Mayo River in the northern part of the Sierra Madre Occidental, approximately 45 kilometers (“km”) west of San Juanito. The property is located 32km south of Agnico Eagle’s Pinos Altos Mine (2018 production est. 181,000 oz Au1) and 35km southeast of the Ocampo mining district (a gold producer sold to Minera Frisco for (US) $750M in 20122).
1 Pinos Altos est. 2018 production from Agnico Eagle Website
2 Aurico Gold to sell the Ocampo Mine to Minera Frisco for US$750M
We hold an option to purchase seven concessions totaling 1,975 hectares for payments totaling $0.75 million over four years and subject to a 2% NSR royalty on production capped at $2 million.
The Yoquivo property covers an erosional ‘window’ of andesites beneath Oligocene-aged rhyolites. Multiple silver-gold bearing epithermal veins have been mapped and sampled. The two most important veins are the San Francisco and Pertenencia veins, both of which have been mapped and sampled over a two-kilometer strike length. Numerous splays and parallel structures have also been identified and sampled.
Yoquivo Surface Samples
Historic Drill Data for Yoquivo Project; West Timmins Resources 2007