GoldenTemple adds to holdings in Mexico

As part of a strategy to focus on emerging mineral districts, Golden Temple Mining (GTM-V) has acquired two new properties in Mexico. One is in an emerging zinc district; the other covers a new discovery of volcanogenic massive mineralization in a region where this type of deposit was previously unrecognized.

The Yagul property in Coahuila state, about 65 southwest of Monclova, is prospective for both stratiform copper deposits and Mississippi Valley-type lead-zinc deposits. Initial prospecting has identified stratiform copper mineralization exposed in old workings. Malachite, chrysocolla and rare azurite are the dominant copper minerals. Mineralization consisting of zinc oxide and associated barite was exposed in two old workings found in limestone of the Cupido Formation. Assays are awaited from chip sampling taken from these occurrences.

The Dios Me Ayuda project is 25 km north of Manzanillo, in Jalisco state. Mapping has identified four stratiform sulphide occurrences, with the largest being exposed over 2-5 km. Massive to semi-massive and disseminated pyrite is locally associated with massive barite, along with rare zinc oxide staining and sphalerite. Stream-sediment sampling revealed 10 drainages anomalous in copper and barium in a zone that is coincident with the trend of the stratiform sulphide occurrences. A follow-up program of mapping, soil-sampling and ground geophysics is planned.

Last fall, a major company dropped Golden Temple’s El Gordo and Kabah group of claims, near Leon, in central Mexico. Work there had encountered massive to semi-massive mineralization, with the best hole returning 9.3 metres of 0.35 gram gold and 33.5 grams silver per tonne, and 4.3% copper.

Golden Temple has other projects in Mexico, including the Carmen-El Varal property, near Aguascalientes, in the state of the same name. It covers five sets of underground workings dating back to the late 1800s and is believed to be prospective for volcanogenic massive sulphide deposits similar to the San Nicholas deposit (Teck and Western Copper), near Zacatecas.