Articles Tagged "TSXV:SOP"

Source Exploration to Drill Las Minas in March

Gold – Source Exploration Corp. (TSXV:SOP) announced a 2,000 metres drill program in March for the Las Minas Property in Mexico. Source has signed a contract with K.D.L. Mexico S.A de C.V. for this drill program aiming to extend and infill the Santa Cruz zone where previous drilling hit an intersection of 10 metre interval averaging 10.6 g/t gold, 48.47 g/t silver and 7.44% copper or 24.11 g/t gold equivalents.

One of the Largest Underexplored Gold-Silver-Copper Skarn Systems in Mexico

Source Exploration Corp. (TSXV:SOP,FWB:4QW) is exploring the Las Minas project in the historic Las Minas mining district, host to one of the largest underexplored gold-silver and copper skarn systems known in Mexico. Mineralization at Las Minas and its association with magnetite are similar to the deposits at Goldcorp’s Los Filos and Torex Gold’s Morelos: mineralization sits in zones along the contact between the overlying limestone and the deeper intrusive rocks.

Source Exploration Starts $800,000 Private Placement

Source Exploration (TSXV:SOP) has announced the start of a private placement of up to 10 million units to raise proceeds of $800,000. The proceeds from the placement will be used to continue exploring the company's Las Minas project in Mexico as well as for general working capital purposes.