Kobex was very active in Mexico, but appears to be heading towards acquiring properties in Venezuela as of January 2001.
Kobex Resources Ltd. KBX (CDNX)
Works in Mexico through two subsidiary companies Kobex Minerales S.A. de C.V. and Reina del Oro Minerales S.A. de C.V., both controlled 100% although 50% of latter is optioned to Saddlerock Resources.
El Ciruelo Property, Nayarit. Holds 100% interest in this 351 ha property.
Initial Prospectus listing company in mid 1998 contained detailed information on several properties and these include:
Tejaman Ag Property (Jarvis Concession), Durango and Zacatecas. Property owned 100%. Was explored in 92-94 by Independence Mining Company. Numerous individual claims can be grouped into six separate properties totaling 2,655 Ha more-or-less in the same general area. Completed geophysical IP program in October, 1998 which highlighted several target properties including Cerro Prieto (2151 Ha) and Los Mantos (236 Ha) Zones. Other areas within this general agreement include San Lucas de Ocampo (53 Ha), Mezquital (142 Ha), Chalchihuites (48 Ha) and La Parilla (25 Ha).. Drilling commenced in November and was expected to be completed by Christmas. Geophysical target 500m long by 20 to 60m wide and extends to interpreted depth of 350m.
Kobex completed first stage exploration drilling at Tejaman with a 4 hole 997m program. The logic of program was preliminary testing of 4 out of 7 IP geophysical anomalies. The four areas tested were Colorada-East, Colorada-West, Mantos and Cerro Prieto. Previous underground sampling at Cerro Prieto was conducted by Luismin and returned multi-opt Ag and 3% combined Pb+Zn. Kobex recently obtained data from 92-94 program by Independence Mining Company which included 12 RC and 24 DDH holes as well as mapping, sampling and geophysics. Their program resulted in a global geological resource calculation for the oxide mineralization of 4,663,850 tonnes at 110 gpt Ag which may be amenable to heap leaching.
GCN #52 16Mar99
GCN #14 21Jan99 (will drill hole location map and tabulated assay highlights)
Press Release 27Nov98
GCN #211 3Nov98
GCN #196 15 Oct98
GCN #177 15Sep98
Gallo de Oro, Nayarit. Four concessions totaling 85.9 ha located in Mpio. Tepic about 50 km N of city and near the town of Villa Hidalgo. Area has seen prior small scale production from Au-quartz veins. Epithermal vein and low-grade bulk tonnage stockwork are the targets.
Prospectus mid 1998
Corral Option, Durango. A 184 ha concession in Mpio Coneto de Comenfort about 100 km N of Durango City. Prior work by Luisin in 1996 identified quartz veins and stockwork in an area of minor previous small scale production via a 15m shaft and 33m of workings on 3 levels.
GCN #177 15Sep98
San Jose del Cobre, Sinaloa/Durango border area. Eleven concessions located 65 km NW from Culiacan totaling 42,581.9 Ha near the village of Chacala were managed during a 1997-1998 program which was funded by Saddlerock Resources. Kobex controls underlying option and has extended rights to acquire 50% interest to Saddlerock. Bulk-tonnage target of 400 by 600m identified and ready for drilling. IP reinforced surface geochem. Saddlerock has apparantly changed the nature of its business and withdrew from this JV as of 21Jul99.
GCN #177 15Sep98