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Prior workings/Caborca | Bob at Lista Blanca | Mel Herdrick |
Pediment's current program consists of surface samples and determining drill targets along a 15-40 meter thickness which can be traced for 1.7 kilometers of strike on surface. They know there is copper and gold there at grades suitable for surface leaching, the only issue is how much. By spending a relatively low amount of money, they stand a good chance of making an economic discovery.
Since I was there, Mel discovered an area of linear breccia in limestone adjacent to the original replacement zone and quartz tourmaline veins with copper mineralization across the valley. Both the linear breccia and the veins are commonly found near copper gold porphyry systems, and Mel believes there may be a major porphyry potential so Pediment expanded their original 600 hectare position to a large 14,000 hectares.
We also visited the Texson Silver project some 40 kilometers southwest of Trincheras. It consists of 3200 hectares of low angle thrust faults containing the silver mineralized rocks. The area has been mined before on a spasmodic basis. Samples of rocks from two of the named veins over a 250 meter length averaged 280 grams of silver and 3.4 grams of gold from Calerita. Samples taken by Pediment from the Olivios vein tested 145 gram silver and .18 gram gold.
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Indian gold panning | Panned gold | Wow, that's a big one! |
A third series of silver veins along the larger Texson Ridge will be Pediment's primary focus for next year. Mine workings on the ridge show 79 grams of silver and .11 grams gold per tonne [note: though 79 g/t would be close to the current average for all of Pediment's sampling in this area, there are several results of over 200 g/t silver from the stockworks zone, and a vein result from nearby but outside it of 1250 g/t silver]. Texson Ridge shows signs of having a large bulk tonnage potential. The stockworks and altered thrust zone are between 200 and 400 meters wide and extend for hundreds of meters along the ridge top. The mineralization is low grade but has high potential for large tonnage.
As a newly formed company, Pediment has no history, nor any baggage. The company is well cashed up and offers a number of good, high-potential targets in gold, copper and silver. With $2 copper, $500 gold and above $8 silver, Pediment offers investors a low-cost high-potential shot at major discoveries. I was quite impressed with Mel Herdrick. If he puts together the right team of exploration geologists and spends the money wisely, I think there is a high potential for a good return. Pediment will expose investors to a number of high potential exploration programs with plenty of results flowing in over the next few months.
Pediment Exploration is an advertiser. They have not paid for this article and it is my opinion and only my opinion. As always, we want to remind investors they are responsible for their own investment decisions. I do own shares in Pediment. I am biased.
Pediment Exploration,
Ltd
PEZ-V $.69 Canadian (Dec 2)
16.3 million shares outstanding
Pediment website
Bob Moriarty
President: 321gold
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