Located in the Sierra Madres Mountains of Mexico, part of American Cordillera, a chain of mountain ranges. The projects are located about 65 kilometres east of the city of Mazatlán, Mexico and are accessible via a paved road. The San Fernando and San Ramon claims lie adjacent to Vizsla’s Panuco Mineral Resource; Panuco hosts ~2.7M oz gold equivalent (M&I) and is expected to become the 9th largest silver producer globally. The San Fernando vein system sits between the Nacaral and Palos Verdes vein systems of Vizsla’s Panuco resource. Vein trends are consistent Northeast, the San Fernando vein could have continuity to Palos Verdes (Vizsla) - Nacaral has earlier significant production. The San Fernando vein system lies between two major Vizsla vein systems, suggesting geological continuity.

 

There is high-grade geological potential at San Fernando with historical production; ore shoot mined between 1975 and 1980 (E, Lopez, pers.com), reported high grades (≈500 g/t Ag and 2–3 g/t Au). San Fernando demonstrates strong in-situ value per tonne in a proven district, the Company plans to expand the San Fernando drilling program to define the resource. San Fernando has high-grade potential in a proven district with exceptional results in 2 out of 6 holes which include Hole 5 that returned 7.7 grams per ton gold equivalent ($1,345/ ton) over 6.85 meters true width (1.67 g/t gold and 310.16 g/t silver) including 24.8 g/t AUEQ over 1.00 meters true width (3.35 g/t gold and 1097.01 g/t silver), and Hole 6 that returned 13.1 grams per ton gold equivalent ($2,281/ton) over 8.45 meters true width (2.66 g/t gold and 535 g/t silver) including 27.1 g/t AUEQ  over 0.55 meters true width (4.84 g/t gold and 1,140 g/t silver).

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Furthermore, the Company's Tadeo Mill is in proximity to San Fernando and San Ramon (~100 km, trucking distance) which can be new sources of ore for processing.