El Cubo
THE EL CUBO – LAS TORRES MINE COMPLEX
The El Cubo Mine is located in the
In 2004, Mexgold Gold, the 100%-owned subsidiary of Gammon Gold Inc. acquired a 100% interest in the El Cubo Mine, consisting of 58 exploitation and exploration concessions that cover 8,500 hectares. In addition, El Cubo leases the Las Torres Mine complex that is adjacent to the El Cubo Mine from a subsidiary of Industrias Penoles. El Cubo is located in an arid, mountainous region at an elevation of 1,996 meters above sea level.
The El Cubo mine is comprised of an underground mine with milling processing facilities. With much of the property yet to be explored, there is significant potential yet to be realized.
Geological Setting
El Cubo is situated in the Guanajuato mining district, an area encompassing 20 kilometers x 16 kilometers. The eastern part of the Guanajuato mining district, where El Cubo is located, is underlain by a volcano-sedimentary sequence of Mesozoic to Cenozoic age rocks.
Mineralization
The veins at El Cubo are not rock type specific. The principal host rocks for the ore shoots are the Guanajuato Conglomerate for the lower ores and the Bura Rhyolite for the upper ores. The mineral deposits in the El Cubo area are all related directly to faults. The deposits occur as open-space fillings in fracture zones or impregnations in the locally porous wall rocks. The veins formed in relatively open spaces are the main targets for mining.
