- Property is located in the World-Famous Sierra Madre Gold Belt of Western Mexico which hosts numerous multi million-ounce gold-silver deposits.
- Property hosts 3 past producing silver-gold deposits, El Moro, La Virginia and La Zorra (MVZ Property).
- The Property is located within the Pajarito Project which covers a large mineral system with wide spread epithermal mineralization and multiple examples of porphyry-style potassic and propylitic alteration. The older rocks are broadly altered and host artisanal mines.
- The Property is in the silver dominant MVZ triangle area of the Pajarito Project where breccia and intense shear-hosted sulfide mineralization has silver values up to +1,000 ppm silver,
- Mexico is a premier destination for silver-gold explorers and developers and mining finance today.
- The macro outlook for both Silver and Gold remains very positive. Silver is of particular interest to LION given both its historic demand as a store of value but also as a significant material in the manufacture of many Green technologies
Property is located in the south west of Mexico’s Chihuahua state adjacent to Sinaloa and within the prolific Sierra Madre Gold-Silver Belt which hosts numerous multi million-ounce gold-silver deposits. The property is road accessible to the Pacific port of Los Mochis located 125km to the west and which has air, rail and interstate service.
“Elephant Country” for Silver-Gold Explorers
The Sierra Madre Belt is prolific country for silver-gold explorers. In this portion of the Belt are the following past and present producers. The MVZ Mine Proprty is located 60km south of the Gold Corps past producing 1.75M ounce El Suazal Gold Mine, is located 85 KM north of McEwen Mining Inc., Fenix Project (El Gallo) which reports a measured and indicated resource of 32.3 M oz of Silver. and is 100 km northwest of historic Guadalaupe y Calvo mine which produced 2 M oz gold and 35 M oz silver.
The Property presents an exciting opportunity for the Company. It is within the World-Famous Sierra Madre Gold Belt of Mexico and therefore within the North American trading zone. The property itself has had limited exploration and much of the exposure to historical prospecting activity was impeded by a thin cover of soil and rock leaving open the potential for undiscovered silver-gold mineralization near surface. With modern “state of the art” mineral exploration technologies, methods and advances in the geological knowledge of these types of mineral systems we are looking forward to discovering the full potential of the mineral rich area.
The Property is situated within Grupo Minero Diflor’s Pajarito Project which covers a 10 X 25 km, fault-bounded exposure of older sediments and intrusives surrounded by volumous younger post-mineral rhyolites. The Pajarito Project covers a large mineral system with wide spread epithermal mineralization and multiple examples of porphyry-style potassic and propylitic alteration. The older rocks are broadly altered and host artisanal mines. In the silver dominant MVZ triangle, which the Company is exploring, breccia and intense shear-hosted sulfide mineralization has silver values up to +1,000 ppm silver, multiple percentages of lead and zinc with gold credits.
Geology and location of the MVZ Mines.
The MVZ Mine Property, based on aeromagnetics and pegmatitic quartz on a waste rock dump is interpreted to be located over an intrusive. The La Zorra mine has open stopes up to 10 meters high. The mine has essentially no dump and mined material was shipped directly by truck to the smelter. There also are nearby gold prospects on the concession reporting multi-gram gold assays. Diflor is the first to conduct modern sampling and geological mapping but the Project remains unexplored by modern geophysical surveying, drilling or other modern exploration and prospecting programs.
La Zorra Mine Underground Sampling
All technical information is from TECHNICAL REPORT 2019 UPDATE
ON THE PAJARITO GOLD / SILVER PROPERTY,
Grupo Minero Diflor S.A. de C.V.
Authored by: William Feyerabend B.Sc. CPG – 11047