Oro Silver acquires 174 sq. km of property
Wed, Sep 3, 2008
Oro Silver Resources Ltd. reports formal purchase for the 98 square kilometre Cabrestante property, Zacatecas, Mexico.
Oro Silver also acquired, by staking, the mining rights for San Ignacio, located east of Cabrestante covering another 76 square kilometre area. Together, the two properties form the core of Oro Silver’s new Tacoaleche Project.
These properties cover a low topographic relief range, approximately 10 kilometres east and on trend of the epithermal Zacatecas vein deposits. Epithermal veins in the Zacatecas district are chiefly northwest trending, similar to veins observed on the Tacoaleche property.
Herve Thiboutot, CEO and VP of Oro Silver states,
“Oro Silver intends to complete a systematic surface exploration program at Tacoaleche, including mapping, geochemical surveys, and drilling. The acquisition of the Tacoaleche property represents an important step in Oro Silver’s growth strategy in the Zacatecas district by identifying early-stage exploration opportunities that have excellent potential to host a new discovery.”
For full details of this press release, click this link. To view Oro Silver’s company profile, click here. Follow developments in silver mining and exploration for free. Sign on to the Silver Investing Newsletter.
Tags: Ag, Au, Cabrestante property. Oro Silver, early stage exploration, epithermal veins, geocheminal surveys, gold, oro silver resources, silver, silver mining, silver veins, surface exploration
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