Golden Temple encouraged at Yagul project in Mexico

Initial exploration by Golden Temple Mining (GTM-V) has confirmed the potential for stratiform copper and Mississippi Valley-type lead-zinc mineralization at the Yagul property, in the Monclava district of northeastern Mexico.

Mineralization is hosted by lower Cretaceous sandstones of the San Marcos formation, and chip samples from old workings returned values ranging from 0.18% to 1.38% copper. The overlying limestone of the Cupido formation contains zinc oxide mineralization exposed in old workings. Chip samples from two of these areas returned grades ranging from 0.06% to 2.13% lead and 0.12% to 14.75% zinc, while one sample from a waste dump assayed 16.85% lead and 16.35% zinc.

Golden Temple has other exploration projects in Mexico, including Dios Me Ayuda, in Jalisco state. Initial work late last year identified four outcropping occurrences of massive-to-semi-massive pyrite, partly coincident with anomalous copper and/or barium in stream sediments. Follow-up work is planned for this year.

Recent prospecting at the Carmen-El Varal property, in Aguascalientes state, was focused on an iron-rich gossan that returned “highly anomalous” values in lead, zinc, copper, silver and gold.

The junior is seeking new partners to continue work in the Leon-Guanajuato massive sulphide district, following last year’s withdrawal of Noranda (NOR-T). Situated in Guanajuato and Jalisco states, the project covers two massive sulphide targets that were partially tested by Noranda. The mineralization, described as “typically stratiform,” consists of massive pyrite with lesser chalcopyrite, galena and sphalerite, hosted by felsic volcaniclastic rocks of the Esperanza formation.