The Tarachi Project is situated along the Sierra Madre Occidental gold belt in Sonora State 220km east of Hermosillo, the same region that is host to Agnico Eagle’s La India Mine and Alamos Gold’s Mulatos mine. Tens of millions of ounces of gold and billions of ounces of silver have been discovered or mined in the prolific Sierra Madre Gold over the past few hundred years. Tarachi has the option to acquire a 100% interest in the Project which encompasses a total area of 3,708ha.
The Project’s mineral concessions are grouped into Tarachi North with the San Javier, Pretoria and Chivitas concessions and Tarachi South with the Jabali, Julianna and Las Moritas concessions. The Company initiated a 5,000m drill program in the 4th quarter of 2020 targeting areas around old underground mine workings on the Jabali concession and following up on historical drill results on the San Javier concession.