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| Tres Marias Project , Chihuahua , Mexico (minerals - germanium (Ge), zinc (Zn) and lead (Pb))  War Eagle owns a 100% interest in the Tres Marias germanium and zinc mine, located in Chihuahua, Mexico, which first produced high-grade germanium and zinc ore in 1949. The Company has been exploring the underground workings of the former producing Tres Marias mine with the intention taking the mine back into production. The Tres Marias produced approximately 135,000 tonnes of high-grade zinc/germanium ore from 1949 until 1992 via small scale production and produced an average grade of 20% zinc, 300 grams per tonne germanium and 6% lead. Production ended in 1992 after the smelter used by the former owner, Zinc National, was unable to continue processing raw ore for environmental reasons and the project was shut down. In 2009, War Eagle announced a new discovery hole at the Tres Marias concession. The assay result for this hole, known as GO-31, is an intercept of 1.35 metres with a grade of 6.97% zinc and 37 grams per tonne germanium. The hole is located at La Blanca, which is approximately 600 metres to the south-east of the old mine shaft. This hole is located on what War Eagle deems to be one of the "outlying targets"; which are target areas identified by the Company that are outside the historic Tres Marias mine area but on the concession. In late 2009, the Company commenced an assay program focused on mineralized drill intercepts in two areas of the Tres Marias property that had been recognized but not sampled due to the suspension of exploration activities in early 2009. Previous drilling was done in the general mine area located south and west to the former mine workings. The assay results were very favourable and suggest that it may be possible to establish economically feasible mining operations sooner than expected. Accordingly, the Company is currently assessing the viability of a limited mining program and is formulating a mining plan and investigating processing options. The Company is aware of processing mills in the Tres Marias area, but has not quantified the cost of processing ore. The flow sheets will likely have to be adjusted to suit the Tres Marias type of sulphide ore and any oxide ore may need to be treated by a leaching process. The Company plans to develop the next steps of its exploration plan as it seeks to better understand the nature of the mineral structures before moving ahead with a NI 43-101 technical report. The objective of the program will be to determine if the high-grade mineralization that was recently outlined by the drill core sampling program can be reached from a short, accessible adit and decline, rather than hoisting the material to surface through the present shaft facilities. The Company's transaction with Andromeda Resources includes the plan for the development of Tres Marias with that of Andromeda's optioned Terrazas zinc-copper property, with a view to spreading costs over a broader base of activity and, ideally, sharing processing facilities. With infrastructure already in place at Tres Marias, it is anticipated that drilling and exploration could resume at short notice and with minimal re-start costs. Maps and Images |
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