D’Or Val interested in Mexican prospect

A letter of intent to enter into an option agreement to acquire a 100% interest in the La Reyna copper- gold property in Mexico has been announced by D’Or Val Mines.

The company, which has a producing gold mine near Val d’Or, Que., and is part of the Hughes- Lang group, must make a cash payment of $50,000, spend $100,000 on exploration work within 12 months and make a further cash payment, of $150,000, after the exploration work is complete. The agreement is subject to regulatory approval.

The property, located in the state of Sinaloa, has undergone exploration by a major company, D’Or Val says. Previous exploration defined a mineral inventory within what is now the Reyna mineral claim amounting to 12 million tons grading 0.8% copper and 0.02 oz gold per ton, the company says.

D’Or Val reports higher gold values, including 0.39 oz over 45.2 ft from one hole and 0.17 oz over 48 ft from another, were encountered in some drill intercepts, suggesting a possible higher average gold value for the deposit may be obtainable.