Cerro Del Gallo, San Antón Property
Following the positive outcome of the Feasibility Study for the first stage heap leach, Cerro Resources is poised to bring into production the Cerro del Gallo gold-sliver-copper deposit located in Central Mexico. Cerro del Gallo is located within the San Antón property, which has been the focus of exploration and development drilling since Cerro Resources entered into a joint venture agreement with Goldcorp’s predecessor Lusiman Minerals in 2004. Following completion of the Business Combination with San Anton Resource Corporation Inc, Cerro now controls 66% of the San Anton project with the balance of 34.% owned by Goldcorp.
The San Antón Property is located in the state of Guanajuato in central Mexico, approximately 270 km northwest of Mexico City. The San Antón Property is centred 23 km east northeast of Guanajuato city and the historic Guanajuato Mining District where production from 1700 to 2004 is reported to be 1.14 billion ounces of silver and 6.5 million ounces of gold. Although the Guanajuato Mining District has a long history of silver and gold mining and production extending back to 1558, production records at San Antón only date back to the 1860’s although mining is reported from Spanish colonial times. San Antón lies within the central-southern segment of the world-class Mexican Gold-Silver Belt.
The San Antón Property covers an area of 25,269 hectares (approximately 15 km north-south by 16 km east-west) and consists of a total of twelve granted, contiguous mining concessions all owned by San Antón de las Minas S.A. de C.V. (SAM).The concessions entirely cover the San Antón de las Minas mining district, including the old mines formerly worked for high grade vein-hosted gold-silver mineralisation.
