Vuelcos del Destino is the largest single untested gold skarn target intrusive complex measuring 12 sq km, located on the southeastern portion of the 31 million ounce Guerrero Gold Belt ("GGB"). Vuelcos is only 20 kilometers from Gold Corp's Los Filos mine (16.27 Moz gold), which was recently purchased by Leagold Mining, backed by mining promoter and billionaire Frank Giustra, and Endeavour Mining founder Neil Woodyer.
What is the Guerrero Gold Belt?
Mining Companies in the Guerrero Gold Belt (GGB)
One of the Fastest Growing Mineral Gold Belts in the World
The Guerrero Gold Belt (GGB) is a prolific mining area that spans over 80 km in the State of Guerrero, Mexico. In the early 1990's, approximately 250,000 ounces of gold was discovered which has now significantly increased to over 31 million ounces (31 Moz) of gold. With the recent increase to 11.2 million ounces gold at Torex Gold's Morelos project, and Goldcorp's Los Filos mine at 16.27 million ounces gold, as well as Timmins' 2.2 million ounces gold at Ana Paula, this pushes the GGB district to over 31 million ounces gold, an average of 600,000 newly discovered ounces of gold annually.
One of the Most Active Mineral Belts in M&A Transactions
|• Jan 2017||Leagold Mining acquires Goldcorp’s Los Filos mine for $350M|
|• February 2015||Timmins Gold acquires Newstrike Capital’s Ana Paula deposit for $140M|
|• September 2014||Agnico Eagle acquires Cayden Resources for $205M, own La Magnetita|
|• April 2014||Agnico Eagle/Yamana Gold acquires Osisko Mining for $3.9Bn, newly formed Osisko Gold Royalties and retains land package in GGB|
|• April 2014||Inlet Resources and Citation Resources in $5M merger, Guerrero Ventures|
|• July 2013||Alamos Gold acquires Esperanza for $70M|
The Guerrero Gold Belt Today
The Last Untested GGB Target
- The project concession block covers 8,831 hectares.
- Intrusions are biotite-and quartz-rich porphyries similar to intrusive rocks associated with gold deposits along the GGB.
- Contact-related calc-silicate (skarn) and magnetite-oxide-jasperoid alteration is locally developed in the carbonates, and intrusive rocks host widespread structurally controlled oxide-clay-calcite alteration, identical in setting and style to that seen at Goldcorp's Los Filos and Bermejal open pit mines.
- A helicopter--borne Variable Time-Domain Electromagnetic (VTEM) / Magnetic survey at the Vuelcos del Destino project was completed and analysis and interpretation of the results have outlined three targets that coincide with a 2-km diameter granodiorite porphyry stock that is typical of Guerrero Gold Belt intrusions.
- Alteration and structural features within the stock are identical in nature to those seen in the Los Filos deposit.
- Stream-sediment geochemical anomalies coincide with the stock outline and with geophysical targets delineated by the airborne survey.
RTP Magnetics Image 1
RTP Magnetics Image 2
David M. Jones Comparing Los Filos Mineralized Intrusion Sample to Vuelcos Surface Intrusion Outcrop Indicating Similar Mineralization
Federal drill permits received, drill ready.
References & Articles
- Los Filos: The Right Angle
- David Jones talks Guerrero discoveries, Minaurum play
- Geology for Investors: Guerrero Gold Belt Overview
- Wikipedia Guerrero Gold Belt
- Kitco Interview on Guerrero Gold Belt