OTC: FRMA: 0.05  +0.00
OTC: FRMA: 0.05  +0.00
  • Own 25,400 acres in Mexico mining district.
  • 7,060 acres Gold/Silver Picacho project.
  • Centralized Mexico processing mill in place.

Gracepoint Mining Corp. has 100% interest in 25,400 acres which contain numerous gold/zinc/lead/silver/iron mineralized structures. The structures are located in the northern part of the La Reforma Mining District of northeastern Sinaloa State, Mexico. The predominate rocks in the area are Upper Jurassic-Lower Cretaceous cabonate (limestone) rocks and Tertiary granitic intrusives. The La Reforma Mining District has been mined for more than 300 years, with substantial amounts of precious and base metals produced from numerous mines. In the opinion of Gracepoint, the district has never been properly explored using present day, industry standard, exploration methods, including geochemistry, geophysics, and geology. Gracepoint feels that this area may potentially host base metals that were never discovered or exploited due in part to market conditions, lack of technology, and lack of funding.

Most of Gracepoint's projects are located approximately 25 kilometres from the town of Choix, Sinaloa State, Mexico. The properties are accessed by driving a 4x4 vehicle on Sinaloa State maintained roads along the north side of the Rio Fuerte to the village of Altamira, located in the center of the La Reforma Mining District.

Location of Properties

The Picacho group of concessions consisted of 7,060 hectares and is located in Sonora, Mexico, 100 km south of the U.S.A border.  The area has a high level of exploration activity, is close to a national paved highway, power grid, and a 1,200 m airstrip. Prior to the Yamana agreement and its 12 month work period, nine gold-bearing veins over four mineralized target areas with an aggregate strike length of over 10.8 km had been identified at Picacho. In addition, 5,300 meters of drilling along only 600 meters of the vein system, had returned true width intercepts including 11.3 m of 15.6 g/t gold, 6.1 m of 4.7 g/t gold, and 9.4 m of 7.8 g/t gold.

Gracepoint is also actively pursuing future growth opportunities by acquiring additional exploration, development or production assets. 

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