The Sierra Madre gold belt is considered the largest epithermal precious metals region in the world. Once the hub of global gold exploration, the Sierra Madre gold belt in the Chihuahua region of Mexico is once again attracting attention as one of the world's most promising and under-exploited gold resources.
The New Age of the Sierra Madre
Propelled by significant advances in mining technology and a strong resurgence of the global gold markets, a number of intermediate and major companies have returned to this region, applying state-of-the-art recovery techniques to ore-rich properties last tapped in the 1920s.
And the results have been impressive.
Gold Corp.'s El Sauzal operation produced over 152,000 ounces of gold in 2010, while Coeur d'Alene's Palmajero operation has confirmed deposits of more than 3 million ounces gold equivalent and production of over 120,000 ounces of gold. Similarly, Minefinders' Dolores project has proven and probable resources of over 1.9 million ounces gold and 104 million ounces silver. Other large multi-million oz gold and silver deposits include Alamos Gold's Mulatos, and Gammon Gold's Ocampo Mine. The gold belt's historic and modern gold discoveries exceed 40 million ounces. Despite these discoveries the Sierra Madres are considered to be largely untapped.
Pan American Goldfields is currently developing the Cieneguita Project in the heart of this emerging region, which boasts proven resources and the mining infrastructure required to economically and efficiently produce gold and silver.