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Last C$0.02 CAD
Change Today -0.005 / -20.00%
Volume 11.5K
SMN On Other Exchanges
As of 3:26 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

san marco resources inc (SMN) Snapshot

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12/16/14 - C$0.10
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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. Announces Assay Results from Continuing Exploration at Cuatro De Mayo Project in Sonora, Mexico

San Marco Resources Inc. announced assay results from continuing exploration at its 100% owned and optioned Cuatro de Mayo Project in Sonora, Mexico. Sampling and mapping at the El Chunibas target resulted in identification of new high grade veins, presence of mineralization in the wall rock and expansion of the veins along their strike. Rock sampling of the newly discovered Corral target confirmed the presence of gold mineralization. El Chunibas Target: Rock chip sampling completed in the northern extension of Santa Rosa vein system identified a new gold bearing vein that returned 1.2 m at the rate of 26.4 g/t Au. Wall rock mineralization previously identified around the Santa Fe vein that returned 10 m at the rate of 3.8 g/t Au in the hanging wall was also confirmed around the Western vein. Additional sampling of the Western vein confirmed the presence of previously reported high grade gold mineralization (8.42 g/t Au), and also identified the presence of mineralization in the wall rock (6 m at the rate of 0.1 g/t Au and 9 m at the rate of 0.2 g/t Au). Variability of gold assay results obtained from re-sampling of the same interval (Santa Fe and Gusima veins) and re-assaying of sample rejects (Santa Fe vein) confirmed the presence of free gold (also seen during current activities by local miners). Newly identified mineralization in the vein wall rock could be a significant occurrence for any future mineral resource generation. Corral Target: Reconnaissance rock sampling of this newly discovered vein system confirmed the presence of gold mineralization, 0.6 g/t Au collected as a composite over 10 m. The Corral target is a newly discovered low sulphidation system with strong veining exhibiting massive, bladed, comb, cockade, and crustiform quartz textures. The Corral vein system is at least 1.3 km long, and over 400 m wide with individual quartz veins that can reach up to 1 to 2 m in width.

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.


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