Key facts
| Company | Minaurum Silver Inc. (TSXV: MGG) |
|---|---|
| Commodity | Gold |
| Location | Mexico |
| Stage | Early exploration |
About Santa Marta
Santa Marta is a copper-gold project located in the southeastern part of Oaxaca State, Mexico. The project hosts the potential for a new copper-gold VMS district. The first known mining of copper at Santa Marta occurred during the 1960s when a small open pit operation was worked for about 2 years and produced an estimated 50,000-70,000 tonnes. Mineralization averaged several percent copper along with up to 2 g/t gold, and a sample of hand-sorted mineralization reportedly contained 11.54% copper and 1.96 g/t gold, according to reports from the time. Santa Marta is believed to represent a volcanogenic massive sulfide (VMS) with an underlying leached massive sulfide horizon.