Articles Tagged "TSXV:SOP"

Gold Price Up Following Fed Meeting After Hitting Four-month Low

Gold – Gold bugs hoping for good news from the precious metals space will have been disappointed again, as there was no brighter gold price at the end of the rainbow this St. Patrick's day. Prices dropped to a four-month low, hitting about $1,143.40 per ounce during Tuesday trading hours before settling around $1,149.10, down about half a percent from the previous day's close.

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.