Eastern Mexico Cluster


A Special Area of Focus

“Almadex's prospecting programs, proprietary database and proven technical abilities continue to yield results. We look forward to adding to our portfolio and exploring recent acquisitions.”

J.D. Poliquin,
Chairman of Almadex

In 1994 Almadex's predecessor, Almaden Minerals, recognized Eastern Mexico as an unexplored terrain with exceptional mineral potential. The area exhibits a similar geology to gold-rich Eastern Nevada and hosts several exceptional deposits including the Pachuca Mine.

For two decades, Almaden's extensive exploration programs within Eastern Mexico have built an unrivalled geological database of the area. By compiling and analysing historical prospects, geological and geophysical data, and Aster satellite imagery, Almaden identified many new targets from the USA border to Guatemala, which have been visited and evaluated with helicopter-supported prospecting and fieldwork.

From this grassroots exploration, Almaden’s discoveries in Eastern Mexico include the Ixtaca Gold-Silver Deposit, the Caballo Blanco Gold Deposit, and El Cobre Gold-Copper Project.

Almadex maintains a portfolio of Eastern Mexican projects at various stages of development. These 100% owned projects range from alteration zones that require target definition through drill ready projects with well-defined targets.

Listed below are brief descriptions of projects within the area. Also, please visit our Mexican Portfolio + for information on Almadex's exploration across Mexico.


Caldera

Gold / Silver | Puebla State, Mexico

The Caldera project is 100% owned by Almadex. It was acquired in 2007 by staking and identified during a regional helicopter exploration program.

The ~3,370 hectare claim is road accessible and covers an area of acid-sulphate alteration developed in volcanic rocks including zones of massive to vuggy silica, quartz-alunite and kaolinite. The alteration is interpreted to represent the upper parts of a high sulphidation system with potential for gold, silver and copper mineralization. Past work includes mapping, rock, soil and stream sediment sampling, geophysics and drilling.

Cenzontle

Gold / Silver | Coahuila State, Mexico

Cenzontle is a 100% Almadex-owned project acquired by staking. The ~3020 hectare project covers an area of hydrothermal alteration and magnetic response. Limited work has been conducted and the project is interpreted to have potential for porphyry and skarn type mineralization. Future work plans include surface mapping and sampling in order to define drill targets.

El Chato

Gold / Silver | Puebla State, Mexico

El Chato is a 100% Almadex-owned project acquired by staking. The claim covers a ~12,400 hectare area of acid-sulphate alteration developed in volcanic rocks including zones of massive silica, quartz-alunite and kaolinite. The alteration is interpreted to represent the upper parts of a high sulphidation system with potential for gold, silver and copper mineralization. Past work includes mapping, rock, soil and stream sediment sampling, geophysics and drilling. Future plans include drilling to test the targets defined.

Chilcuautla and Cuautepec

Gold / Silver | Hildago State, Mexico

The Chilcuautla and Cuautepec projects are 100% Almadex-owned and were acquired by staking. Together, the claims cover ~1829 hectares in two areas of hydrothermal alteration and magnetic response. Limited work has been conducted to date and the projects are interpreted to have potential for porphyry and epithermal type mineralization. Future work plans include surface mapping and sampling in order to define drill targets.

El Cobre

Gold / Silver | Veracruz State, Mexico

Almadex's 100% owned El Cobre is a copper-gold porphyry target on the east coast of Mexico, 75 kilometers northwest of Veracruz city. The 7,500 hectare claim block covers copper-gold porphyry mineralization known to exist over a strike length of at least four kilometers. Previous drilling has indentified several exciting targets. Further drilling is expected in 2015.

Please read more on El Cobre here +

Nueva Espana

Gold / Silver | Puebla State, Mexico

Nueva Espana is 100% Almadex-owned and acquired by staking. The claim covers a ~2,040 hectare area of clay alteration silicification and veining developed in volcanic and carbonate rocks. The alteration is interpreted to represent a low-sulphidation vein system. There are numerous historic pits and shallow workings. Past work includes mapping, rock, soil and stream sediment sampling, geophysics. Future plans further surface work and drilling.

San Carlos

Gold / Copper | Tamaulipas State, Mexico

The 100% Almadex owned San Carlos Project is comprised of one claim covering ~20 hectares. The claim is located in Tamaulipas State and is road accessible, about three hours south of Monterrey City.

Surface sampling, geophysics and drilling has defined a large intrusion hosted copper-gold porphyry system associated with peripheral base and precious metal skarn mineralisation developed in carbonate country rocks to the intrusive complex. Future plans include reclogging of past drill core, a data review and additional drilling depending on results.

Updates & News:

2012 Exploration update:
Almaden continued its regional exploration programs in Eastern Mexico and is acquiring claims in areas where mineralisation was identified. Also in 2012, the Company completed exploration surface mapping, sampling and geophysical work programs on the Yago, San Pedro, Mezquites and El Chato projects in Mexico. Read more +

2011 Exploration update:
Almaden conducted a regional prospecting program in Eastern Mexico focused on the discovery of targets similar to the company’s Ixtaca Gold-Silver Deposit at its wholly owned Tuligtic project in Puebla State. Almaden also advanced projects in the company's large property portfolio, including El Cobre, Lajas, Terrerillos, and Yago. Read more +