Pinos Altos lies in the Sierra Madre gold belt, on the northeast margin of the Ocampo Caldera, which hosts many epithermal gold and silver occurrences.
The property is underlain by volcanic and intrusive rocks disturbed by faulting. Its geological focus is a horst structure (an uplifted block of rocks) at least 10 kilometres long by 3 kilometres wide, defined by the Reyna de Plata Fault to the north and the Santo Niño Fault to the south.
Mineralization on the property tends to be in low-sulphidation quartz-calcite breccia vein systems and stockworks carrying gold and silver, which are associated with the Santo Niño and Reyna de Plata structures marking the main horst structure.
Deposits
The most significant mineralization found on the property consists of four zones hosted by the Santo Niño Fault – the El Apache, Oberon de Weber, Santo Niño and Cerro Colorado lenses. More than 90% of the current Pinos Altos mineral resource is located in the steeply dipping Santo Niño vein zone, which is up to 40 metres thick and 2.5 kilometres long. It has a vertical extent of more than 750 metres, and remains open to the west and at depth.
The San Eligio zone, about 500 metres northeast of the Santo Niño zone, is part of the main mine project and continues to show promise. It is open along strike and at depth.
There are several other promising zones that are associated with the horst feature in the northwest part of the property. The Creston Mascota deposit is 7 kilometres northwest of the Santo Niño deposit, and is similar to it but dips shallowly to the west. Creston Mascota is about 1,000 metres long and 4 to 30 metres thick.
The Sinter zone, 1,500 metres north-northeast of the Santo Niño zone, is part of the Reyna de Plata gold structure. The steeply dipping mineralization is 4 to 35 metres wide and almost 900 metres long, with over 350 metres of vertical depth. Sinter is being evaluated for its open pit mining and heap leach potential.
The recently discovered Cubiro mineralization is 2 kilometres west of Creston Mascota. Cubiro is a surface deposit that strikes northwest, has a steep dip and has been followed along strike for about 850 metres. Drilling has intersected significant gold and silver mineralization up to 30 metres wide. The Cubiro deposit remains open in all directions.