Mexoro Minerals, Ltd. (OTCBB: MXOM)
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Symbol: OTCBB: MXOM
Address:
Mexoro Minerals Ltd.
609 Granville Street, Suite #880
Vancouver, BC Canada V7Y 1G5
(800) 661-7830
www.mexoro.com
Top Investment Highlights
- With an existing mine last tapped in the 1920s and proven reserves at its Cieneguita project, Mexoro hopes to achieve positive cash flow within its first year, as opposed to many start-up companies that require several years to attain the same growth.
- The company's four key projects are within close proximity to other well-known mining companies along the world famous Sierra Madre Gold Belt, boasting proven results and strong cash flow.
- Since the beginning of the Spanish exploration of Mexico over 400 years ago, this area has been host to a large number of gold deposits.
- With expected revenues of over $9 million in the first year, investors can expect to see a rise in stock values from the get-go.
- Recent technological advances have revealed previously ignored deposits in these key regions, transforming once abandoned mines into budding prospects.
Company Overview
Sunburst de Mexico, S.A. de C.V. ("Sunburst Mexico"), a wholly owned subsidiary of Mexoro, is a gold-silver exploration and mining company with exploration operations at three previous mine sites and plans to explore one additional location in Chihuahua, Mexico. Keeping costs low in exploration and development, the company plans to build upon established and proven infrastructures within the region and hopes to become a mid-tier gold and silver mining company within the next three years.
After experiencing drops over the past two decades, the price of gold and other metals has bounced back, requiring old, now abandoned mining grounds to be rebuilt and expanded.
Mexoro is seeking to take advantage of this rebound, with plans for one immediate mining operation on its Cieneguita property, and three exploration plays around the Chihuahua region: Guazaparez, Encino Gordo, and Sahuayacan. These regions have proven to host significant gold deposits in the past, and Mexoro is anticipating a high yield in the near future.
Properties
Cieneguita
The company's foremost focus is to mine Cieneguita, formerly operated by a subsidiary of a competing company, Glamis Gold. This location has indicated resources of approximately 350,000 ounces of gold. Not only will existing infrastructure make exploration and mining much easier, but operations will likely be less costly. Due to falling gold prices in the mid-90s, Glamis Gold shut down their profitable operation, which yielded 198,000 metric tonnes of ore. While Glamis Gold has since moved to a new location just 20 kilometers away, Mexoro plans to rebuild and mine 18,000 ounces in its first year at a rate of 1,500 ounces per month. At that rate, assuming no additional ore is found, the mine will stay in production for five years. This site is proposed to generate $10 million per year in revenue. The current infrastructure at Cieneguita is already set to provide all the required necessities for a mining operation, allowing for very low startup costs. While the surrounding areas of El Sauzal and Churuhuaivo are very promising with large amounts of gold deposits, Cieneguita could prove to be as promising based on the geological structure of the property.
Guazaparez
Beginning in the 17th century, Spanish colonists have been mining at these grounds. Like Cieneguita, it has a long history of high yield. Since the main veins were discovered in 1830, this location has been a primary interest in the mining community. This region is historically known for being a silver producer, but has generally produced more gold in the recent past. Previously published exploration reports of the area have shown over 500,000 ounces in three structures. One structure in particular could potentially house a multimillion-ounce deposit.
Encino Gordo
Encino Gordo, located just five kilometers from Bolsini Gold's Palmajero site (which recently validated a three million ounce gold operation), is Mexoro's third region targeted for exploration. Surface sampling indicates similar findings in Bolsini Gold's operation. Still suitable to open-pit mining, Mexoro is expecting similar results. Before any action was taken, an exploration in 1996 was taken and provided such results that a second stage exploration was put into effect. In 2005, a 20 million tonne deposit of gold and silver was found in a nearby property. In addition to this large gold site, large gold-silver and gold-copper traces have been found as well.
Sahuayacan
Mexoro's fourth and last proposed site is located only 100 kilometers north of the three other sites. This site is situated around previously discovered multi-million ounce reserves. More in-depth exploration has revealed high-yield areas along the shale-andesite contact. Santo Niño, the largest shoot on this property, was one of the highest-producers of graded ore before being interrupted by the Mexican Revolution. Since then, Santo Niño and its sister location, Santa Teresa, have shown high grade gold zones in recent exploration.
The Sierra Madre
Mexico is known as one of the highest producers of gold and silver in the world. Tales of Aztec and Mayan gold flooded Europe, leading Spanish colonists to the area over 400 years ago. The state of Chihuahua is located along the famous Sierra Madre Gold Belt, one of the most active new gold and silver mining districts in the world. With many mining companies eager to profit from its high-grade vein-type deposits, this area is expected to become Mexico's biggest gold and silver producer over the next decade.
Predecessors such as Minefinders and Glamis Gold paved the way for Mexoro, giving the company an easy, low-cost, and low-maintenance infrastructure to build upon. Recent technological advancements have revealed previously ignored deposits in these key regions, transforming once abandoned mines into budding prospects. By exploring older sites, the company hopes to keep costs low while using their easily-earned profits to further explore surrounding areas. Of the four sites, Cieneguita and Guazaparez have the potential for large structures of minerals ranging in the multi-million ounce range, which is where Mexoro plans to head these operations first.
The Future of the Gold Market
Having recovered from recent declines, the gold market is currently experiencing a large boom due to high demand and low quantity of gold deposits. Among speculated reasons: A large majority of Communist countries are shifting to capitalism, which in turn has created increased demand for money and minerals. In addition, the United States has witnessed the decline of its currency and the subsequent reduction of the average American's purchasing power. This inflation will likely fuel the demand for gold backing and contribute further to a positive gold price.
Management
Robert Knight, MBA
President and Director
Mr. Knight has extensive experience in raising capital for young and growing companies. He has raised over $100 million to finance these start-ups. He has more than 20 years of background in the financing, building, and managing of these corporations.
Mario Ayub
Chief Operating Officer and Director
Mario Ayub has worked previously as President of the National Miners Association of Mexico, President of the Chihuahua Mining Association, President of Mineral Rio Tinto, and Board Member of the Chihuahua Economic Counsel. He has over 20 years of experience working in the mining field and has attained not only great knowledge of the area, but also of the many property owners and workers in the region. Ayub has a degree in Chemical Engineering from the University of Iberoamericana in Mexico City in addition to graduate degrees in metallurgy from South Dakota University and Commission de Femento Minero.
Kurt Bordian
Chief Financial Officer
Since 2005, Bordian has been qualified as a Certified General Accountant of Canada. In addition to holding a B.A. in Commerce in 1996, he has extensive experience with mineral properties around the world.
This corporate profile is based upon information provided by management of the company. The information is not intended to be and shall not constitute, an offer to sell or solicitation of any offer to buy any security. It is intended for information only and to increase awareness of the company services. Safe Harbor Statement: The statements in this document relating to future product availability, collaboration and partnership and positive direction are forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the aspects anticipated by these forward-looking statements may not, in fact, occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties, demand for the company's products, the future market price of the company's common stock and the company's ability to obtain necessary future financing. EQUITIES Magazine was paid by the company to write and print this profile. Before investing in any security, you are strongly advised to review all public filings of the issuer of such security, which can be found at www.sec.gov, as well as the warnings published by the Securities and Exchange Commission at http://www.sec.gov/investor.shtml.
