Mexican Gold’s Las Minas project draws big backers

It all started with a cup of coffee in Zacatecas. Brian Robertson was swapping stories with a fellow engineer when he learned about 30 historical mines in the cliffs and ravines near the small village of Las Minas, about 177 km from the port city of Veracruz on the Gulf of Mexico. Robertson was president and CEO of Source Exploration at the time, a Canadian junior that was investigating a silver property in the state of Zacatecas in north-central Mexico, roughly 1,100 km away. But Robertson was on the hunt for new assets, and the account of artisanal miners extracting ore in Las Minas with grades of between 20 grams and 40 grams gold per tonne and up to 15% copper, which was then shipped to smelters in the U.S. and Europe, piqued his interest. What puzzled him was why no one had drilled the area, and so he made arrangements to go and have a look for himself. What he saw when he arrived were old workings in the hillsides dating from 1870 to 1910 and skarn over an extensive area of dense vegetation. Continue reading at The Northern Miner.