San Diego Project
The massive 71,495 hectare San Diego property is part of the Sierra Madre Occidental Gold-Silver Belt, one of the largest epithermal precious metal regions in the world and host to the majority of Mexico's gold and silver deposits.
The San Diego area contains an epithermal gold/silver system that extends for more than 35 kilometres. Widespread gold in quartz veins, breccias and stockworks occurs over the length of the system. Gold and silver are exposed at the surface and the hillsides are punctuated with dozens of small hand dug mines. Although the district has been mined on a small scale since the 1700s there has been very little modern exploration.
The property was assembled over a two-year period by working with local officials, geologists, contractors and inhabitants to negotiate and consolidate more than 16 individually attractive claims. Exploration work during that time included recognisance sampling which identified gold and silver in veins and in large disseminated alteration zones along the entire strike of the system.
The property contains multiple geological exploration targets, each representing potentially impressive bulk mineable and/or underground operations. To date, over 2000 gold, silver, and copper samples have been gathered from just a few exploration targets within the property. Numerous unexplored targets still remain, providing excellent potential for long-term exploration upside.
This well-established mining region features supportive local inhabitants, cooperative local and district governments, and existing infrastructure including local workforce, power to property, road access, accommodations and water. In addition, a new highway is scheduled to be completed within 2 years.
GoGold President and CEO, Terry Coughlan has stated, “The area is reminiscent of when I first visited Ocampo in 1999 where we developed one of the largest gold mines in Mexico which now employs over 1,000 people. GoGold today is well positioned financially and we look forward to advancing our exploration activities in the district.”