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Updated: 2015-09-25 - 15:49:00

UC Resources Symbol: UC.V

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In May 2006, we followed up the Minera Silver Creek agreement by adding the acquisition of the MAR Project, consisting of a property concession amounting to approximately 10 square kilometers. The property has a history of small scale mining activity and is easy to access and develop. The property is approximately one hour away from Guadalajara and has access from major roadways with excellent access. 

The Mar concession has substantial merit as a potential setting for epithermal gold-silver deposits. Supporting evidence includes the following: 

  • The property is underlain by favourable Cretaceous-Tertiary andesite -rhyolite volcanic stratigraphy. These rocks are host to numerous small to large gold-silver deposits throughout the Sierra Madre Occidental physiographic province of Mexico. 
  • Major structural features (faults and lineaments) have been mapped in the region and in the vicinity of the Mar concession. Some of these features appear to be related to magnetic anomalies which may represent Tertiary age plutons intruded into the volcanic sequence. If so, then in addition to the mappable features, the intrusion of the pluton would have caused micro- fracturing of the volcanic rocks which would act as channel ways for mineralizing fluids. One such magnetic anomaly lies just to the east of the Mar concession. 
  • At least a portion of a past producing mine, Piedra Bola, lies within the concession boundaries. The style of the occurrence - veins and vein stockworks, the precious metals, base metals and trace metals present, and the associated silica, sericite, hematite and argillite alteration, all are consistent with the model for an epithermal precious metal deposit. 
  • There are several other known mineral silver - gold occurrences in the immediate area of the Mar concession, several of which were past producing mines. Silver appears to be equally important as gold. These mineral occurrences are hosted within the Cretaceous to Tertiary age andesite-rhyolite volcanic rock sequence. 
  • Work by Consejo suggests that other mineralized vein structures may exist within the vicinity of the main Piedra Bola vein. In addition, assays for 7 of 8 samples collected were on average 0.133 g/t Au and 26.5 g/t Ag).

Click here to view Technical Report

Photo Gallery

El Tiro Patria Farm - View Southward
Piedra Bola shaft is near top of hill in the centre
Adit area is at the far right in the picture

Piedra Bola Adit Mouth

Tramway footings at the mouth of the Piedra Bola Adit
Dump material at base of footings