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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 26.8K
SMN On Other Exchanges
As of 2:26 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

san marco resources inc (SMN) Snapshot

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07/29/14 - C$0.13
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san marco resources inc (SMN) Details

San Marco Resources Inc. engages in the acquisition, exploration, development, and advancement of precious metal properties. It explores for copper, silver, gold, lead, and zinc metals. The company holds interests in the Alwin copper project that comprises 2 claims covering an area of approximately 534 hectares located in South - central British Columbia, Canada; Angeles project, which cover 1,305 hectares located in Sonora State, Mexico; and the Los Carlos project covering an area of 15,635 hectares located in the Sonora State, Mexico. San Marco Resources Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada.

Founded in 2005

san marco resources inc (SMN) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$63.5K
Compensation as of Fiscal Year 2014.

san marco resources inc (SMN) Key Developments

San Marco Resources Inc. Provides Exploration Update of its Cuatro de Mayo Project in Sonora, Mexico

San Marco Resources Inc. recently completed a second 2015 sampling and mapping campaign on its Cuatro de Mayo Project in Sonora, Mexico, which resulted in the identification of two new exploration targets: Corral and Amariska. The Corral target is a strong low sulphidation vein system that was traced for over 1.3 km along strike and over a width of approximately 400 m and is open along strike in both directions. The system consists of individual veins, which can reach over 2 m in width, and corridors of intense parallel vein stockwork. The Corral target is hosted in an upper volcanic sequence and, like the Oregano target, displays typical low sulphidation vein system textures such as bladed (lattice), massive, and banded quartz. The Amariska target is a manto type gold target, approximately 10-30 m thick, presently identified over a strike length of roughly 500 m. This target dips at approximately 45 degrees to the northeast and is capped by the rhyolite tuff of the upper volcanic sequence. In addition to identifying the Corral and Amariska targets during this latest field campaign, the Company also undertook additional mapping and follow-up rock and soil sampling at the Oregano, Chunibas, Valle and Tabacote targets and conducted regional exploration to continue the search for additional targets. 122 rock, 396 soil and 34 silt samples were collected and assay results are pending.

San Marco Resources Inc. Commenced Exploration Program on Cuatro de Mayo Project in Sonora State, Mexico

San Marco Resources Inc. has commenced its 2015 exploration program on the Cuatro de Mayo project in Sonora State, Mexico. With minimal additional work, these two zones are expected to be ready for drill testing. Initial surface rock chip sampling, geological mapping and possibly hand trenching are also expected to be completed on two highly prospective areas of the recently acquired Mariana concession by the end of March. The Company continues to evaluate potential additions to its 93,000 hectare Cuatro de Mayo land position.

San Marco Resources Inc. Auditor Raises 'Going Concern' Doubt

San Marco Resources Inc. filed its Annual on Mar 18, 2015 for the period ending Nov 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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