Spire has recently staked four new properties of over 76,800 hectares of prime exploration ground on a recently recognized epithermal gold/silver district. The staked ground comprises four properties which are located in the north and northwest of the El Oro-Tlalpujahua Gold/Silver Belt in the states of Guanajuato and Michoacan, Mexico. 

 

These four properties are:

 

Mineralization within the above properties comprises quartz veins, stockwork veining and areas with excellent potential for disseminated type precious metal mineralization.  This last possibility is more evident in the Las Joyas and Buenavista Properties where extensive areas of silicification, advanced argillic alteration and particularly large areas of vuggy quartz and alunite point to precious metal epithermal high sulphidation systems.  Vuggy quartz is a typical characteristic of high sulphidation epithermal precious metal deposits.  Zones of residual, vuggy quartz with halos of advanced argillic quartz-alunite alteration have been observed in these properties.  Also, areas of stockwork quartz veining and hydrothermal breccia have been observed.  A regional stream sediment program has recently been completed on the properties and geological reconnaissance work is underway.

 

Spire intends to initially explore these properties and farm out the properties to joint venture partners to offset further exploration costs