LAS MISIONES PROJECT

  • LOCATION:

    San Antonio, Baja Peninsula

  • SIZE:

    15,067 hectares

  • RESOURCES:

    Gold-Copper-Silver

PROJECT OVERVIEW

Las Misiones project is in the Baja Peninsula and is adjacent to the historic mining town of San Antonio, 40 km southeast from the state capital and port city of La Paz. The Las Misiones Property is comprised of 6 mining concessions covering 15, 067 hectares. The property has a strike length of 15 km from the north to south trends. The mineralization at Las Misiones has been identified over a strike length of approximately 1.8 km and is subdivided into four fault-bounded zones referred to from North to South. Historic drilling suggests that the mineralization is of mesothermal or orogenic origin. There are several mineralized shear/vein systems on the Las Misiones Property with many secondary and cross veins. Shear zones related to thrust faulting exceed 200 m thickness and are regionally traceable over 45 km.

PROJECT HIGHLIGHTS

ABUNDANT MINERALIZED SHEAR/VEINS:

The property is characterized by numerous mineralized shear/veins, varying in length and width. Previous exploration programs, including chip, channel, grab, and dump samples, conducted by Minera Azul in 2016 and 2017, have revealed substantial mineralization throughout the property. Noteworthy zones, such as the La Reforma shear/vein, exhibit impressive average grades, making them prime targets for further exploration.

STRATEGIC LOCATION AND ACCESSIBILITY:

Situated in the southern peninsula of Baja California Sur, the Las Misiones Project benefits from a strategic location. Accessible via a paved road from La Paz, the project is well-connected, facilitating transportation and logistical operations. Proximity to power lines and the availability of a ready labor force from nearby villages, including Las Misiones and San Antonio, enhance the feasibility of mining activities.

ENGAGEMENT AND SUPPORT FROM LOCAL COMMUNITIES:

Surface access agreements have been successfully negotiated with the ejidos of San Antonio and El Triunfo, demonstrating positive collaboration with local communities. Despite regional opposition to mining, there is generally favorable sentiment among local community leaders and residents in the San Antonio and El Triunfo areas, indicating potential support for project development. Continued engagement with local stakeholders, as recommended, will be crucial for the success of the project.

EXPLORATION POTENTIAL AND PROPOSED WORK PROGRAM:

The property holds considerable untapped exploration potential, with known mineralized zones displaying open dimensions. Minera Azul’s comprehensive sampling program has identified several noteworthy zones with high-grade mineralization. King Global Ventures Inc. has proposed a substantial budget and a two-phase work program, including UAV Lidar and Photogrammetric survey, geological mapping, and selective chip/channel sampling. The subsequent drilling program is contingent upon favorable results from the initial phase, demonstrating King’s commitment to thorough exploration and due diligence.

ZONE #1 — THE LA REFORMA NORTE SHEAR ZONE

There are three Main Gold Zones at Las Misiones. The Zone #1 highlights include:

  • A north-south zone broken into subunits trending 1.5 km long and situated near the northern end of Concession # 218918. Many small, isolated shear/veins are situated within this zone.
  • A primary structure that displays a sigmoidal shear/vein set that has been identified from the sampling program of Azul. East-west trending shear/veins occur as offshoots from the main zone.
  • The northern tip of this sub-zone has a shear/vein that extends for 400m and varies in width from 1.5 to 3.5 meters. Nine Azul chip samples reported an average grade of 2.67 g/t Au.
  • A 2.3-hectare area at the southern end of this shear/vein returned an average grade of 2.39 g/t Au and 155.62 g/t Ag,
  • Six chip samples collected by Azul from a 120m long offshoot shear/vein in the southern part of the area returned an average grade of 3.79 g/t Au and 30.02 g/t Ag.

A 180m–long, southernmost segment chip sampled by Azul at 5 locations and returned an average grade of 2.39 g/t Au and 155.62 g/t Ag

GEOLOGY

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