Despite tough market conditions, Minerva Gold Mines (VSE) is continuing to evaluate the La Conquista property which consists of seven claims within the boundaries of the producing San Martin mine in the state of Zacatecas, Mexico.
San Martin produces silver, lead, zinc, copper and gold, and two of its major veins are believed to project on to the claims. Minerva has obtained data that indicate drilling, by the operator of the San Martin mine near the common boundary, returned significant copper-lead-zinc values comparable to those being mined.
One vertical hole is reported to have intersected 17.5 ft.
averaging 9.9 oz. silver per ton, 3.56% lead and 3.87% zinc. Minerva is continuing efforts to raise funds for a deep drilling program aimed at determining the extent of the ore-bearing potential of veins and mantos
within the property.
Minerva owns 49% of a Mexican company that holds the option on the property. Discussions are being held toward Minerva acquiring 100% of the Mexican company, and thus the property. Under this arrangement, the Mexican partners would participate directly in Minerva.
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