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Present Resources:
Indicated Resources of:
371,000 TONNES GRADING 245 Ag g/t, 1.80 % Pb, 1.33 % Zn and 0.339 Au g/t,
representing a total of 4.25 Million ounces of silver Equivalent (oz.Ag EQ), or
371,000 Tonnes grading 356 g.Ag EQ/t (11.44 oz.Ag EQ/t).
Inferred Resources of:
TONNES GRADING 110 Ag g/t, 1.84 % Pb, 2.21 % Zn and 0.134 Au g/t representing a total of 214.3 Million ounces of silver Equivalent (oz.Ag EQ), or 21.6 Million Tonnes grading 308 g.Ag EQ/t (9.91 oz.Au EQ/t).
The new Resource estimate establishes the San Diego Deposit as a new major deposit on the Velardeņa Mine trend. The resources contain very significant metal content (Table 1) with continuing potential for expansion.
Table 1: Estimated Contained Metal in Resources on the San Diego Property, Velardeņa District, Durango State Mexico; Golden Tag Resources/ECU Silver Mining Joint Venture.
Indicated Resources:
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Inferred Resource: |
2.92 Million ounces of silver |
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76.47 Million ounces of silver |
4,000 ounces of gold |
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93,000 ounces of gold |
14.71 Million pounds of lead |
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876.45 Million pounds of lead |
10.84 Million pounds of zinc |
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1.05 Billion pounds of zinc |
Additional Mineral Potential:
Micon estimate that the true extent of the mineralization within the veins, vein packages and skarn zones on the property has not been fully identified. The possible extensions to mineralization on the property provide significant upside potential for continued Resource expansion. The San Diego Property is estimated to have additional Mineral Potential, as extensions at depth to known mineralized areas, representing an additional: 173.5 to 389.5 Million ounces of silver Equivalent In line with current NI 43-101 requirements, additional mineral potential must be stated as a range of figures. The minimum and maximum potential estimated at the San Diego is based on the possible extension at depths of 200 m (minimum) and 400 m (maximum) below the actual current limit of mineralization outlined for each of the mineralized zones. The possibility that additional veins and/or zones may be discovered at the San Diego project remains also very strong. Previous drilling campaigns have demonstrated the existence of a number of hidden veins and/or zones which do not have a surface expression and are only discovered through a sustained exploration effort. The additional mineral potential of the San Diego property is conceptual in nature and there has been insufficient exploration conducted at this stage to define a mineral resource for these areas. It is also uncertain if further exploration will result in targets being delineated as mineral resources.
Surface Drill Program :
As at the end of December , 2008, the Phase 4 drilling program is still in progress.
Property Location:
The San Diego Property consists of the Unificacion El Refugio, San Jose, Ampliacion San Jose an Dino Catarina claims covering 91.65 hectares and located in the Velardena Mining District, Municipality of Cuencame, in the northeast quadrant of Durango State, central Mexico. The San Diego claims is the easternmost of 3 blocks forming the Velardeņa Group of Property, which are held by ECU. The San Diego property is located 9 kilometers north-east of the principal properties of ECU which commenced mining production. The San Diego property can be accessed via 14 km of gravel road from the village of Rojo Gomez located along a paved 2-lane road and, within a short distance from the Torreon-Durango four-lane highway.
Property Mineralization:
The San Diego property is underlain by a thick sequence of limestone that corresponds to rocks of the Aurora and Cuesta del Cura Formation and intruded by a large Tertiary Diorite Stock. Mineralization consists of at least seven conjugate vein systems. In this region of northern Mexico these veins are typically polymetallic, associated with Pb, Zn, Ag, Au and Cu mineralization. Sulphide vein mineralization consists of pyrite, sphalerite, galena, arsenopyrite, and chalcopyrite within limestone, intrusive and skarn host rocks. Mineralization on the property is contained within relatively narrow but continuous, high-grade, linear veins that cross cut all rock types. The main veins on the San Diego block are the La Cruz, Montanez, La Rata, and El Jal veins.
The Agreement:
Golden Tag had to incur exploration expenses of US$ 1.5 million to earn a 50% interest in the San Diego property from ECU Silver Mining Inc. Golden Tag earned its 50% interest in the San Diego property from ECU Silver Mining in December, 2007. Golden Tag and ECU, who is presently the operator of the project, will joint venture exploration and development of the property and must bear their proportionate share of expenditures.
PHOTO GALLERIES:
San Diego Gallery of May, 2006
San Diego Gallery of February, 2007
San Diego Gallery of October-November, 2007
PROPERTY MAP
SAN DIEGO PRESENTATION
DETAILED RESOURCE ESTIMATE, NI 43-101, DECEMBER, 2007
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