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Argonaut Gold

La Fortuna Exploration

May 11, 2015

Status: Exploration
Location: Durango, Mexico
Ownership: 100% Argonaut Gold
Acquisition: December 2009
Resources: Gold – 308,100 ounces
See Mineral Reserves and Resources Summary as of October 21, 2008


Project Location and Summary
 
The La Fortuna property is located in the northwestern corner of the State of Durango, about 70 kilometers northeast of Culiacan. Culiacan is located 270 kms northwest of Mazatlan, a major port city, and 200 kms southeast of Los Mochis, also major port city. Between 1991 and 1996, the San Fernando Mining Company Ltd. spent in excess of US$9.0 million developing the La Fortuna project. The company conducted an extensive exploration program, including detailed mapping and sampling of underground openings, and 121 closely spaced diamond drill holes for a total of 18,900 meters of drilling.

Source: http://www.argonautgold.com/gold_operations/exploration_projects/la_fortuna/