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Project Description
The 5000 hectare Glor concession is located 15 km northeast of the city of Caborca, on the west flank of Cerro El Alamo.
Historic work has been confined to four main zones, two of which include a cluster of old mine prospects: Liebre zone, San Jose zone, Cinco Amigos, and San Francisco-Bolina zone. The prospect development consists of numerous pits, shafts, and tunnels in the south side of Cerro El Alamo except San Jose which is located in shallow pediment cover. The old workings targeted gold in high angle structures (veins) seeking higher grade material. These will be investigated though the primary target for Pediment is larger disseminated zones in flat lying thrust faults -- the same target deposit type Pediment is exploring for on other Mojove-Sonora Megashear projects. It is expected that these flat lying faults will occur below pediment cover and they will be explored for using pediment geochemistry and geophysics. Glor is adjacent to and along trend to the west of the Chanate gold deposit which is being developed by Capital Gold Corp. Capital Gold Corp. has disclosed that Chanate has a defined mineable reserve of 350,000 ounces gold within an indicated global resource of 1.47 million ounces gold. Mineralization at Glor and Chanate are hosted by a Mesozoic aged sedimentary sequence that is divided into a lower mudstone unit and an upper unit containing sandstone and conglomerate.
Exploration Update
An initial program of mapping and rock and soil sampling was recently completed. The Company will report on the results when made available from the lab.
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