Manhattan Minerals (VSE) has an option to acquire the Reyna de Oro Mineral concessions in Chihuahua, Mexico.
It must spend US$2.5 million over five years and make graduated payments totaling US$300,000.
The project consists of a large epithermal vein system, part of which is now being mined with ore shipped directly to a smelter. Although no drilling has been done, the structure has been traced for more than 4,000 ft. on-strike and measures about 30 ft. in width where the glory-hole mining is taking place.
Grade of the mined material is confirmed at about 0.6 oz. gold and 14 oz. silver per ton. Manhattan plans to proceed with due diligence, including surface sampling and geological mapping, in preparation for drilling.
Be the first to comment on "LATIN AMERICA ROUNDUP — Manhattan lands Mexican option"