Pacific Rim Mining Corporation has two main assets: the El Dorado gold project in El Salvador and the Denton-Rawhide gold mine in Nevada.
Pacific
Rim Mining Corp. PMU
(TSX)
After dropping Leticia on 25Feb98 interests of company drifted further south and present portfolio of company consists of properties in El Salvador and Nevada.
Leticia Concession, Guerrero. Optioned a 51% interest in this 100 ha claim from Miranda Industries subject to a 60 day due diligence period. Claim hosts Au-bearing skarn mineralization and is located adjacent to Nukay (Teck) and Bermejal (Newmont) Au projects. Drilled it with 23 RC holes totaling 3,217 m, dropped it and flipped option back to Miranda.GCN #40 26Feb98 (with tabulated drill highlights)
LAMR January, 1998
NMN v83#14 2Jun97
CSW 30May97
GCN #102 28May97
This concession lies along favourable contact of Laramide quartz monzonite stock and Cretaceous limestone in an area defined by a regional magnetic anomaly. 54 of 57 recon samples returned detectable Au. During Dec.'96 around 17.5 line km were grid sampled at 50m intervals. At least half of property contains Au in soils over 50 ppb and this surrounds a 500m by 500m plus 100 ppb anomaly. A roadcut on Leticia returned 85 ft averaging 0.189 opt Au in the center of an entire 141 ft wide zone with the weighted average of .32 gpt. A mag survey along same gridlines showed strong anomalies. A 3,000 meter 21 hole RC program designed to test three concepts was carried out in 4Q97. These include (1) the skarn that forms at the limestone/intrusve contact; (2) a 100-200m wide NW-trending fault zone and attending stockwork which runs 200 ppb in soils; and (30 the uppermost part of the Morelos Formation which tends to form a distal skarn containing in excess of 0.5 gpt Au. The drilling has shown that Leticia has the capacity to produce high-grade ounces in an underground mine and has not precluded the possibility of a larger tonnage lower grade open-pittable reserve. Best results are from a thin skarn body at the intrusive-limestone contact and are as high as 1.5m of 31.4 gpt Au. Two other significant holes returned 30.5m of 1.45 gpt and 19.5m of 3.32 gpt..
GCN #243 18Dec97
GCN #194 8Oct97
GCN #146 30Jul97
