eResearch Corp. published a 40-page Initiation Report on Terreno Resources (TSXV:TNO.H) that is available to download for free at www.eresearch.com.
Terreno is a Canadian-based gold & silver exploration and development company that is currently focusing on Las Cucharas Gold and Silver Project in Nayarit, Mexico.
Las Cucharas is a district-scale project covering over 10,980 acres (4,445 hectares) and exploration work has identified 17 gold-silver and gold-silver-copper-lead-zinc mineralized zones over an area that is six kilometres long.
Located in Western Mexico, the project sits on the southern side of the Sierra Madre Occidental metallogenic province, a large mid-tertiary volcanic field that is one of the world’s largest epithermal precious metal terranes and hosts several world-class, multi-million-ounce gold and silver mines and deposits.
Significant recent investments in property acquisition, exploration, and operations are underway at nearby projects by mining companies such as First Majestic Silver (TSX:FR), GR Silver Mining (TSXV:GRSL), Masivo Silver (TSXV:MASS), McEwen Mining Inc. (NYSE:MUX), and Xali Gold (TSXV:XGC).
Terreno’s project area has documented historical silver and gold production through several small mines that highlight the potential for large-scale exploration and commercial exploitation. Historical production at La Union zone was 130,000 tonnes at 9.3 g/t gold and 761 g/t silver, which was processed into 34,000 gold ounces and 2.6 million silver ounces.
Various adits and underground development have been observed at various zones on the property that span hundreds of metres in length and on several levels. However, without electricity at the site to operate pumps, past mining was limited to workings above the water table.
Fieldwork in 2021 focused on defining the extent of the property-wide precious metal system, which had been traced for over 6 kilometres in strike length. New mineralized zones were discovered and defined in intermediate locations between known showings and past-producing small-scale mines, including two new base-metal rich zones at La Planta and Los Cuervos.
Grab samples from local informal miners’ stockpiles and mine dumps returned high gold and silver assays including 22.8 grams per tonne (g/t) gold and 1901.0 g/t silver from a stockpile at La Union zone and 22.8 g/t gold and 1056.0 g/t silver from a mine dump at Los Gallos zone.
George Brown, CEO of Terreno, reported “Recent high sampling results indicated to management that the value of the Las Cucharas Gold and Silver Project can be expected to increase as we continue exploration.”
Subject to financing, the company is preparing a diamond drilling program at Las Cucharas Project.
In addition to valuation information about Terreno, eResearch’s Initiation Report also includes an extensive section on Mexico’s mining industry, regional geology, and other mining and exploration companies operating in Mexico.
Mexico is a leading investment destination for mining companies in Latin America due to its mineral resource potential, good infrastructure, and skilled workforce. It also ranks as the world's leading producer of silver and according to the U.S. Geological Survey, it accounted for over 23% of world silver production in 2021. The country also ranks in the Top 10 in the world for the production of other metals including gold, copper, lead, molybdenum, and zinc.
For more information about eResearch's 40-page Initiation Report on Terreno, please visit eResearch's website (www.eresearch.com).
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