The 6,000 hectare Magenta property is located in good infrastructure, 20 kilometres by road northeast of Culiacan, Sinaloa, Mexico, a city of 850,000 people, and just two hours north of Mazatlan by toll highway. (See Location Map)

Economically, the most important mineralization on the Magenta property is epithermal gold deposits, the largest of which is the former producing El Escobal mine.  (The Company held an option to purchase the El Escobal which it terminated November 19, 2008.)

One kilometre southeast of El Escobal is an area of approximately one square kilometer called La Prieta, containing four northerly striking veins. Within an old adit, on the first vein, samples ran as high as 340 g/t gold, 310 g/t silver, 8% nickel 11% cobalt and .53% copper. (See Property Map)  Although the veins are narrow (the largest width exposed being 1.3 metres) and discontinuous, the extremely high grades make them viable exploration targets.

There is also a copper/molybdenum/gold porphyry system covering an area of two kilometres by two kilometres, which occurs at the northern extremity of the La Prieta veins, and two kilometres east of the El Escobal mine.

The El Fierro showing, located on the eastern side of the property,  is thought to be remobilized breccia from a massive sulphide magmatic segregation, similar in composition to the Voisey's Bay deposit in Labrador.  Canada.  A 1.5 metre chip sample returned 2.4% nickel, 1.1 g/t gold and 0.9% cobalt.  The Company plans to drill test this target in 2008.

Last updated November 20, 2008