El Picacho comprises 12 mining concessions totalling about 2,395 hectares, 140 kilometres north of Hermosillo. Tocvan holds an option to acquire 100% through the amended Suarez Assignment; five semiannual US$275,000 installments and a final US$412,500 payment extend obligations to June 2028, while Millrock retains a 2% NSR. The project is permitted for drilling and trenching but has no current resource, reserve or economic study.
- Country
- Mexico
- Commodity
- Au
- Stage
- Exploration