Socorro (AZ)

Highlights:

  • A drilling program has been developed which will focus first on the higher-grade zones previously identified.
  • Drill permit granted Spring 2023 and is fully bonded.
  • Property is a mineral lease with purchase option with Precious Metals LLC of Denver, CO.
  • Historical modeling indicates possible 35.6 MT of with 760,000 oz Au.

Overview

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 location being a historically mined low-grade gold system located in La Paz County, Arizona, several companies explored the property including Noranda, U.S. Borax, Exxon Minerals, and Asarco.  In 1982, an Arizona geologist estimated a resource of 760,000 ounces at an average grade of 0.66 grams per ton.

The Company maintains 33 unpatented mining claims for the Socorro project, designated the SOC claims, and a 640-acre lease from the Arizona State Land Department.