Santa Catalina plans work in Mexico

With an option on the Pilar gold property in Mexico now in place, Santa Catalina Mining (VSE) is making exploration plans.

The property lies 177 km southwest of Hermosillo in Sonora state, and Santa Catalina can acquire a 100% interest by paying US$260,000 over a 2.5-year period plus a final payment of US$1.4 million at the end of the third year.

Exploration work will include mapping, sampling, ground geophysics and trenching, to be followed by drilling.

The main target is the former-producing Guadalupana gold mine, which was worked early in this century.

Preliminary work at the Pilar project identified a target measuring 420 by 200 metres and containing anomalous gold values within an argillic alteration zone. Parallel shears within the zone returned chip sample values of as high as 31.7 grams gold per tonne.