Santa Marta is a copper-gold project located in the southeastern part of Oaxaca State, Mexico.
In Dr. Jim Franklin's Words
Dr. Jim. Franklin is a consulting geologist with over 35 years of experience in the study of mineral deposits and regional metallogeny.
The Santa Marta project in Dr. Jim Franklin's words, "Santa Marta appears to have all of the classic features of highly productive VMS systems, such as the semi-continuous deposit set at Flin Flon comprised of the Main Mine, Calinan and Triple 7. The stringer zone at Santa Marta has undergone slight oxidative weathering, and already has supported a small historic mining operation. The massive oxide zone appears to have been largely not explored; we saw evidence of only two drill holes, and there are no records of what these intersected."
Exploration Highlights VMS Target
- A small open pit on the property (the Santa Marta mine) was active during the early 1960s and produced an estimated 50,000-70,000 tonnes. Mineralization averaged several percent copper along with up to 2 g/t gold, and a sample of hand-sorted mineralization reportedly contained 11.54% copper and 1.96g/t gold, according to reports from the time.
- Recent sampling returned 1.1% copper over 25 meters in oxidized rock in the pit. A silica-rich horizon, interpreted as a volcanic-exhalative lens, assayed 0.8 to 1.0 g/t gold across sample widths of up to 4 meters.
An 819.2-line kilometer helicopter--borne Variable Time-Domain Electromagnetic (VTEM) / Magnetic survey was conducted with analysis and interpretation of the results, identifying 7 targets.
Leached massive sulphide zone on west wall of the Santa Marta pit
Permitting underway and progressing at Santa Marta.