El Plomo Section
On June 1, 2019, the Company entered into a mining lease agreement with the State of Colorado for a 259 hectare (640 acre) parcel of land referred to as the El Plomo section, located in the central area of the Property and contiguous with Dawson and Green Mountain. Geological data suggests that the genesis of the silver-lead-zinc mineralization at El Plomo is similar to the Broken Hill-type (“BHT”) Silver-Lead-Zinc deposits.
On June 28, 2019 the Company entered into a service agreement with Balch Exploration Consulting Inc. to conduct an airborne magnetic and electromagnetic geophysical survey over the Dawson-Green Mountain property. BHT deposits can be highly magnetic while the surrounding rocks typically have a low magnetic susceptibility. This magnetic contrast can make these surveys an effective method for exploration of this deposit type.