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A 5,000-hectare, first-phase exploration project straddling the Durango–Sinaloa border — anchored by a historic high-grade gold vein, a 15 km airborne magnetic anomaly, and surrounded by producing and advanced-stage assets including Prime Mining's Los Reyes and Centenario Gold's Edén project.
Project Nicole is a gold, silver, copper, and strategic metals exploration project in the municipality of Tamazula, Durango, at the limits with Sinaloa — 27 km east of Cosalá. The property encompasses 2,186 hectares of current concessions (Nicole I), with Nicole II (5,000 ha expansion) in process, held by José Ramón López Ayón. The project is within the Sierra Madre Occidental, in the subprovince of the Gran Meseta y Cañadas Duranguenses, at elevations ranging from 300 to 2,200 metres above sea level.
The asset is anchored by Veta Lluvia Dorada — a historically exploited high-grade gold-silver vein exposed in an underground adit, from which a channel sample returned 17.2 g/t Au over 60 cm during the 2024 reconnaissance program. Additional structures identified include Veta Fallas (0.45 g/t Au confirmed) and a copper-bearing network vein system (calcopirita-bornita-malaquita). Historic documents reference the presence of free visible gold within the Lluvia Dorada structure.
Critically, airborne magnetic data from Mexico's Servicio Geológico Mexicano reveals a 15 km × 5 km NE-trending magnetic anomaly directly beneath the Nicole concessions — the same style and scale of anomaly associated with multiple producing mines in the surrounding district. This large-scale geophysical signature, combined with surface sampling results and historical mining evidence, positions Nicole as one of the most compelling early-stage exploration opportunities in the Cosalá–Guadalupe de los Reyes district.
Prime Mining is actively drilling at Los Reyes (15 km SW) with 158,000+ metres completed across 572 holes. The same district now hosts Centenario Gold's Edén Project (12 km W), which returned surface samples of up to 239 g/t Au and 1,390 g/t Ag. Nicole sits in the heart of this emerging district.
The following results are from the 2024 Phase I reconnaissance program (geological report dated January 22, 2024). All sampling was conducted by the project geological team. Results are pending full assay lab confirmation for the complete sample batch.
| Structure | Type | Width | Au (g/t) | Notable Minerals |
|---|---|---|---|---|
| Confirmed Structures — 2024 Reconnaissance | ||||
| Lluvia Dorada | Epithermal Vein | 1.3 m exposed | 17.2 | Chalcopyrite · Pyrite · Bornite · Free Au (historic) |
| Veta Fallas | Fault-hosted Vein | 1.2 m | 0.45 (NKL-36506) | Hematite · Jarosite · Plumbojarosite · Pyrite |
| Networks (Vein System) | Quartz-Calcite Stockwork | Variable | Pending | Chalcopyrite · Bornite · Malachite · Manganese |
| District Reference Grades (Neighbouring Mines) | ||||
| La Escondida (Nuestra Señora District) | Skarn / Chimney | — | 14 | 2,666 g/t Ag · 14.5% Cu · 10% Pb |
| El Mamuth (Nuestra Señora District) | Vein | — | 181 | 2.6% Cu · 0.35% Pb |
| Edén Project (Centenario Gold — 12 km W) | Vein-Breccia | — | 239 | 1,390 g/t Ag |
| Nicole Lluvia Dorada | Epithermal Vein | 60 cm sampled | 17.2 | Free Au (historic) · Open at depth |
Source: Reporte Geológico Proyecto Nikole, January 22, 2024 (Héctor Ramos, diamonddrillings@gmail.com). Sample NKL-36501: 60 cm channel, Lluvia Dorada adit. Sample NKL-36506: Veta Fallas grab. Full Phase I sample batch results pending. District reference grades from Servicio Geológico Mexicano district records.
The following Phase I drill plan targets the Lluvia Dorada vein system from six holes across four drill pads. All holes are designed to test the vein at depth and along strike, following the 2024 mapping and sampling program. Total planned meters: 1,315 m.
Phase I drill plan per geological report (Héctor Ramos, Jan 2024). Budget estimated at current Durango/Sinaloa drilling rates. All figures indicative and subject to detailed program design during due diligence.
The owner seeks a strategic partner, investor, or acquirer to fund the Phase I program and advance the property. The following structures are each considered: