Subject to certain underlying royalties, Rio Grande Resources controls a 100% interest in the Winston Project.
Comprised of three historic past-producing high-grade gold-silver mines on 147 unpatented lode mining claims.
The four (4) Little Granite Claims (the “LG Claims”) and (2) patented mining claims, Ivanhoe and Emporia (the “Ivanhoe/Emporia Claims”), for a total of 149 total mining claims across 3,000+ acres.
Modern exploration technologies and methodologies will allow the company to identify high-potential targets that were previously overlooked or not easily located with old techniques.
Mineralization hosted within structural trends known for historic gold and silver deposits, with potential for CRD-style deposits.
Leadership team comprises seasoned professionals with a strong track record in mineral exploration and business development.
New Mexico offers an established qualified workforce, and also offers a transparent, relatively easy permitting process.
The Winston Project is situated in the northwestern region of Sierra County, New Mexico, about 45 miles northwest of the town of Truth or Consequences, within the Chloride Sub-District of the Black Range Mountains.
The area was a past major producer with current strong potential for district-scale discovery.
Multiple drill-ready targets on both patented and un-patented claims.
Located 45 miles northwest of Truth or Consequences in an area with significant gold and silver production history.
3,000-acre, 149 claim, drill ready property in the Black Range Mountains in the Chloride Mining District of Sierra County, New Mexico
High grade deposits of silver and gold were discovered in 1880 and the area was a major producer until the crash of silver in the 1890’s; Mining in this area ceased due to the decline in the price of silver and gold; not for a lack of significant mineralization
District-scale discovery potential in precious metal-endowed, low-sulfidation epithermal vein systems; the 25km long Paymaster Fault is the most significant structural feature associated with historical gold-silver vein deposits.
Have returned 66.5g/t gold and 4,610 g/t silver