Los Verdes
The Los Verdes property is a historic molybdenum producer and was extensively drilled in the 1970s. Repetition and expansion of that drilling by Virgin in 2006 and 2007 resulted in the completion of a Pre-Feasibility Study in 2008. That pre-feasibility study demonstrated, in considerable detail, a robust project based on molybdenum and copper recovery only; upside exists in tungsten and silver recovery as well as improvements in copper and molybdenum recoveries.
In September 2011, the neighbouring Potreritos property was acquired and added to the project. Potreritos contains the workings of two historic mining operations (Buenavista and La Providencia) and is in close proximity to Virgin Metals Los Verdes project. During the 1960's and 1970's the Buenavista and Tres Piedras (now La Providencia) deposits were operated by Minera Galaviz, SA de CV which constructed a flotation plant in the area to recover copper and molybdenum. The two deposits are located in close proximity to each other (approx. 200 m) and may be part of the same geological system. Historical copper and molybdenum concentrations in the rock from the deposits at Potreritos are similar to those expected at Los Verdes.
The Los Verdes/Potreritos project is made up of 17 titled exploration concessions, covering 6,629 hectares. It lies within what could be considered the southerly extension of the Basin and Range province of the southwestern USA, near the boundary with the Sierra Madre Occidental province.
The Los Verdes resource comprises a modest sized, compact zone of molybdenum, copper and tungsten mineralization located at the crest of a steep ridge. The geometry of the deposit is ideal for low cost open pit mining. During 2007, the Company consolidated the mineral rights of the deposit by acquiring a single isolated claim known as the Bacanora claim. Until this point, our drilling and subsequent resource estimation had been limited to the area east of the Bacanora.
In light of changing metal prices, the Pre-Feasibility study is currently being recast with expectations of a much more profitable project.
Los Verdes Maps
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Los Verdes News
Thursday April 19, 2012
Virgin Metals Updates Progress at Los Verdes Project
Toronto, April 19, 2012 – Virgin Metals Inc. (TSX-V:VGM) today discussed recent progress at its 100% owned Los Verdes Project in Sonora, Mexico.
Thursday March 15, 2012
Virgin Metals Signs Surface Rights Agreement for Potreritos Concessions
Tuesday January 10, 2012
Virgin Metals’ New Los Verdes Preliminary Economic Assessment Benefits from Heightened Technical Detail and Added Resource Potential at Potreritos
Toronto, January 10, 2012 – Virgin Metals Inc. (TSX-V:VGM) today released the results of a Preliminary Economic Assessment on its 100% owned Los Verdes Project in Sonora Mexico including a financial analysis of the impact of Virgin’s recent Potreritos ...
Tuesday December 20, 2011
Virgin Metals Updates the Los Verdes Plan & Schedule
Toronto, December 20, 2011 – Virgin Metals Inc. (TSX-V:VGM), following the recent successful acquisition of Potreritos, announced today their updated plan and development schedule for the company’s contiguous and consolidated Los Verdes ...
Thursday October 27, 2011
Virgin Metals Releases the Historic Resource Estimates for its Recently Acquired Potreritos Project
Toronto, October 27, 2011 – Virgin Metals Inc. (TSX-V:VGM) today released their outline of the historic resources estimate at their 100% owned Potreritos project concessions in Sonora Mexico (see press release September 28, 2011). The Potreritos project ...
