Sun Minerals Pty Ltd is a private Australian exploration company founded in 2017. The principal shareholders/directors have worked together in Australia, Republic of Georgia and Mexico for over 20 years with a string of successful projects and developments including Ocampo open pit BFS and Palmarejo (3Moz AuEq, commenced construction prior to Coeur takeover) both in Chihuahua state and Cerro del Gallo resource definition and DFS prior to Primero takeover. The focus of Sun Minerals is gold and silver in the Sierra Madre Trend in the northern states of Mexico, a region where the Sun Minerals team is most experienced. Sun Minerals has an option to acquire 100% of the Copalquin concessions in Durango state, totalling 7,005 hectares and which cover the entire Copalquin Mining District. Previous drilling by others and Sun’s recent mapping, rock chips sampling and geochem work has identified six exploration targets within the central 1,600 hectare section of the concessions. There are at least 32 historic mines within the Copalquin District and there is an excellent prospect for significant gold and silver resources. The project is drill ready for 2019.
Copalquin is a major epithermal centre for gold and silver.
The 7,005 Ha concession area hosts over 32 historic gold-silver mines.
Six exploration target areas with one advanced exploration target (pre resource).
Past drilling on just one area to date; some highlights below....
EC-2 from 33.6m to 46.85m, 13.25m @, 74.89g/t gold and 706g/t silver
EC-9 from 28.8m to 47m, 18.2m @, 8.55g/t gold and 144g/t silver
EC-10 from 32.45m to 45.9m, 13.45m @, 10.39g/t gold and 232g/t silver
EC-12 from 18m to 26m, 8.0m @, 9.34g/t gold and 190g/t silver
EC-13 from 13.15m to 22.5m, 9.35m @, 25.32g/t gold and 247g/t silver
Drill ready for H1 2019 diamond core drill programme.
Sun Minerals is investigating funding options and seeking partners for this highly prospective and advanced exploration project.