Chihuahua State, Mexico
Gold-silver property near Ocampo mining district
Gold and silver
Option to purchase 7 concessions
Current Activities & Work
First drill program Q4 2020 discovered new vein; planning follow-up program 2021
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 exploration program was designed to target the Pertenencia, San Francisco and Esperanza vein systems to better understand the nature and distribution of the gold-silver mineralization. Of substantial interest is the discovery of a new vein parallel to and east of the Pertenencia vein. While the other principal veins have been partially mined from surface to the water table (up to 130 meters) in the case of San Francisco and Pertenencia, and over a much less extensive vertical interval in the case of El Dolar and Esperanza, the new vein is unmined from surface. Highlights include the following:
Summary assay results from the 2020 drill program are shown as follows:
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 2020 Drill Program Results Collars and Assays
Yoquivo Surface Samples
Historic Drill Data for Yoquivo Project; West Timmins Resources 2007