El Oro, Mexico
The El Oro Gold District
One of the Most Significant High Grade Gold Districts in Mexican Mining HistoryMajority of historic exploration & development was conducted in only 2 of the over 50 known veins in the El Oro district - all now held by Candente Gold
Historic production of over 8 million ounces of gold equivalent also from only 2 of over 50 known veins
Historic production was over an average of only 200 metres vertically
Majority of the exploration & development in the El Oro Gold District was completed prior to the mid 1900s - well before modern concepts such as the Buchanan Model were developed
Extensive evidence of a stacked system similar to Guanajuato, Fresnillo, & Pinos Altos where multiple new ore bodies have recently been found up to 650m below old workings
Candente Gold has earned an undivided 70% interest in the El Oro district, with Goldcorp S.A. de C.V. retaining its 30% minority interest in the district by participating pro-rata in all future expenditures.