Former Gold Producer and Multiple Exploration Targets
Adjacent to the Ocampo District - Joint Venture with Major Producer Hochschild
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Moris Mine First Dore Bar:
Weight: 18.43 kgs:
9.135 kgs Au, 9.042 Kgs Ag
Date of Baby Dore Bar:
Tuesday 9th October 2007 |
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Dore Bars 21 - 24:
Approximately 60 kg in total:
25% gold (480 oz), 75% silver
Produced Early December 2007 |
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Click on maps and photos above to view in pan and scan detail |
Introduction
EXMIN and the Hochschild Mining Group have purchased the Moris Mine, originally put into production by Manhattan Minerals in the 1990’s, as a 30%-70% joint venture.
Moris Mine
The Santa Maria de Moris mine, a.k.a. the Moris Mine, is located in the Moris district of western Chihuahua state, Mexico, 15 kilometers west of the Ocampo mine, where Gammon Lake Resources has a proven and probable reserve of 61.7 million tonnes with grades of 1.19 g/t Au and 55 g/t Ag, or roughly 5 million Au equivalent ounces. The mine property consists of 12 concessions that cover approximately 7,838 hectares (19,368 acres) in the Moris district. These concessions include several contiguous concessions around the Moris mine and along strike with the main structural trend. The mine property also includes several separate concessions in areas favorable for exploration, including a strategic concession containing the extension to the Tecolote vein system located on the La Fe concession that was previously acquired by EXMIN.
Production commenced in the third quarter of 2007 at an initial annual rate of approximately 25,000 ounces of gold and 60,000 ounces of silver. The first pour of dore occurred on October 9th 2007.
