Project Description

The Socorro gold project is located approximately 88 airmiles west of Phoenix, Arizona and 8.5 miles east of Salome, Arizona, the nearest town.

  • The Socorro Project is a historically mined low-grade gold system located in La Paz County, Arizona.
  • Several companies historically explored the property including Noranda, U.S. Borax, Exxon Minerals, and Asarco.
  • In 1982 an Arizona geologist named Stan Keith estimated a resource of 760,000 ounces at an avg. grade of 0.66 grams per ton.
  • The Company maintains 33 unpatented mining claims for the Socorro project, designated the SOC claims.

Socorro Projected Production

  • Potential is for 760,000 ounces of open-pit mineralization.
  • Ten-year mine life on property producing 55,000 ounces annually at estimated LOM AISC of $1250 per ounce.
  • Heap leach pads and recovery plant would be constructed in flats below the mine, possibly on to-be-purchased private ground.
*Evidence of past production and results does not imply future success. Timing and amount of actual production is dependent on obtaining permits, financing and other factors. Therefore, actual results may vary from projections. Past profitability may not be indicative of future financial results. Actual results may vary from the historical results.