Cerro Minas is a 100%-owned 900-hectare concession in Oaxaca covering approximately five kilometres of prospective structural strike. Madoro earned its interest through its Mexican subsidiary by paying Gunpoint US$100,000 and issuing 800,000 shares; Gunpoint retains a 1.5% NSR, of which 0.5% is buyable for US$1 million.
- Country
- Mexico
- Commodity
- Au
- Stage
- Exploration