TSX-V: SOP

RECENT UPDATES   

January 21, 2015

Source Exploration Corp. to Exhibit at the 2015 Vancouver Round Up Booth 421

January 16, 2015

Source Exploration Corp. Announces Removal of Acceleration Clause for Warrants Issued in Connection with the Non-Brokered Private Placement

January 16, 2015

Source Exploration to Exhibit at the 2015 Vancouver Resource Investment Conference Booth 1834

January 15, 2015

Source Exploration Announces Non-Brokered Private Placement of Up to $800,000

December 4, 2014

Rock to Riches Equity Research Report

October 21, 2014

Source chases district-scale skarn mineralization at Las Minas

August 29, 2014

Source Drilling Links Juan Bran And El Dorado Zones Significantly Expanding Mineralization at Las Minas

August 6, 2014

Source Expands High-Grade Mineralization at Las Minas

June 20, 2014

Source Commences 2,000 Metre Phase 2 Drill Program at Las Minas and Grants Options

May 29, 2014

Source Signs Drill Contract and Announces Phase 2 Drilling Program at Las Minas

May 26, 2014

Source Intersects 1.44 g/t Gold Equivalent over 45.0 Metres with Step-Out Drilling at Las Minas

May 16, 2014

Source Exploration Corp. Closes Non-Brokered Private Placement

April 22, 2014

Source Announces Non Brokered Private Placement of Up to $1.2 Million

April 7, 2014

Source Intersects 2.70 g/t Gold Equivalent over 97.2 Metres and, Separately, 1.60 g/t Gold Equivalent over 114.8 Metres at Las Minas


Source Exploration Corp
is a Canadian based exploration and development company exploring for gold, silver and copper in historical mining districts in Mexico. Source's team is a highly successful group with extensive expertise in exploration, corporate finance, mine development and operations in Mexico, North America and off shore. The Company's Las Minas project is located in the State of Veracruz, Mexico.   

Las Minas Project

Location, Access and Infrastructure

The Las Minas project is located approximately 270 kilometres east of Mexico City and is accessible by road. The project is comprised of six mineral concessions covering approximately 1,616 hectares in the heart of the historical Las Minas mining district in the State of Veracruz, Mexico. The project is located near a hydro-electric power plant and water is readily available.

Historical Mining

Historical mining at Las Minas dates back to the Aztec period when the indigenous people in the area mined gold to pay taxes to the Aztec empire. The district was exploited from Spanish Colonial time until the Mexican revolution. Since 1870, the area has seen over 30 small-scale mines, either milling on site or shipping high-grade ore averaging 15 to 30% copper and 20 to 40 grams/tonne gold to various smelters in Mexico and offshore.

The area saw little exploration activity after mining ceased following the Mexican Revolution. In the 1970's, Consejo De Recursos Minerales (CRM, a division of the Mexican government evaluated the area and concluded that the central part of the district (currently controlled by Source) has the potential for 80 million tonnes of mineralized skarn, which, while relevant from an exploration perspective, is not a 43-101 compliant and cannot be relied upon.

Geology

The geology of Las Minas area is represented by thick packages of limestone of Lower Cretaceous age, highly recrystallized with marble fronts formed by the presence of post Laramidic Intrusions, granodiorite to diorite, of mid-Tertiary age. A number of mineralized skarn bodies are observed in the lower parts of valleys, at the contact between the intrusions and the limestones. The main intrusive complex is more than 10 kilometres in diameter. Porphyry and epithermal occurrences are also present in the district.

Recent Drill Results

The district is highly prospective for both bulk tonnage gold -copper skarn deposits and high-grade gold-silver epithermal vein deposits.

The Company has made several discoveries at the Las Minas project and outlined gold-silver and copper mineralization in a skarn zone with a strike length in excess of 700 metres. A summary of the most recent drill results from the 2014, Phase 1 drilling program is highlighted in Table 1.

Recently drilled hole LM-14-SC-03 is significant because it extends the high–grade mineralization outlined in hole LM-11-SC-45 a further 50 metres to the north. Hole SC-45 intersected 20 metres averaging 8.22 g/t gold 7.40 g/t silver and 1.29% copper. The high-grade mineralization in both of these holes correlated with a strong magnetic anomaly in the area.

Table 1. Assay Results from Phase 1, 2014 Drill Campaign at Santa Cruz Zone

Hole #  .....................

From
(Metres)

To
(Meters)

Interval
(Metres)

Gold
(g/t)

Silver
(g/t)

Copper
%

Gold Equivalent
(g/t)

LM-14-SC-01

0.0

114.8

114.8

0.77

3.25

0.46

1.60

Including

89.0

108.8

19.8

1.96

8.98

1.05

3.89

Within

71.7

112.8

43.1

1.19

4.65

0.59

2.27

LM-14-SC-02

0.0

32.0

32.0

1.08

6.53

0.57

2.14

LM-14-SC-03

0.0

97.2

97.2

1.19

9.42

0.79

2.70

Including

75.2

91.2

16.0

4.39

37.82

2.96

10.06

Within

52.7

97.2

44.5

2.30

19.07

1.57

5.03

LM-14-ED-08

54.6

82.9

28.3

0.46

2.66

0.66

1.64

Including

54.6

64.7

10.1

0.68

4.40

1.13

2.68

LM-14-ED-12

52.2

73.7

20.4

0.70

3.46

0.51

1.62

Including

54.8

60.8

6.0

1.37

5.10

1.13

3.38

Within

52.2

76.4

11.1

1.14

5.07

0.89

2.74

LM-14-ED-15

49.7

80.9

31.2

0.58

2.54

0.06

0.73

Including

60.7

72.0

11.3

1.42

3.5

0.14

1.72

Gold Equivalents are calculated based on metal prices of US $1200/oz. gold, US $19.00/oz. silver and US $3.00/lb. copper. No adjustments have been made for potential relative differences in metal recoveries. Au Eq g/t equals Au g/t + (Ag g/t x 0.016) + (Cu% x1.71).

 

CORPORATE PRESENTATION




Sign up to Receive E-mail Updates



Copyright © 2015 Source Exploration Corp Content Management System (CMS)by Snaptech Marketing