Guerrero Exploration

Guerrero is a Canadian based exploration mining with a focus on the high yielding Mexican copper and gold mining area known as the Guerrero Terrane of the highly productive Southern Mexican Gold Belt and the Sierra Madre Occidental Belt. Guerrero has two highly prospective properties: Cerro Azul and Chapalota. Both properties have undergone 2011 work programs and will undergo 2011 drilling programs. Chapalota commenced a drilling as of June 1st 2011 and Cerro Azul is now Drill Ready. The Chapalota property has returned rock-chip samples of up to 32 g/t Au and Cerro Azul has returned up to 10% copper.

Cerro Azul

Guerrero Exploration Inc. has a strategic partner on the Cerro Azul Concession in the form of Riverside Resources Inc. (TSX.V:RRI). Guerrero Exploration Inc. has undertaken an agreement where upon completion of the work program the Company will have the option to enter into a joint venture agreement with Guerrero Exploration Inc. earning a 60% interest in the property. Guerrero Exploration Inc.'s property  is a 260 km2 (26,000 hactres or 64,247 acres) mineral exploration concession. Located 30 km west of Farallon Resources Campo Morado property and approximately 55 miles west of Goldcorp’s Los Filos Mine,  Guerrero’s “Cerro Azul” property is located in a volcano sedimentary Cretaceus sequence of Guerrero Terrane complex. Since the announcement of the Cerro Azul acquisition in 2008,  Riverside Resources Inc. has focused on exploring the large concession and has defined more than seven target areas which include several epithermal gold targets and at least two porphyry copper-type hydrothermal systems.

2009 exploration on the Cerro Azul property has identified various high grade copper targets the most interesting being located on the southern half of the property. Field rock chip sampling from Cerro Azul has returned assays ranging in Cu values from 0.1 to up to 3.95% and 10 of the 13 samples have shown values of >1% Cu, 4 of the 13 samples returning >2% Cu, and 2 of the 13 samples returning >3% Cu. These assays indicate potential for high grade zones within a 2 km² area.

Other targets identified on the property have high grade Cu values:

• Las Parotas with Cu of 1.38%, 1.9%, and 3.0%
• Loma Coyote with Cu values ranging up 2.0 % and 4.85% Cu,
• Piedrillo-San Marcos, with samples up to 1.85% Cu,
• El Llano (Fortuna) with several samples returning >0.5% Cu with 3 samples returning 4.25%, 4.55% , and 12.8% Cu,
• San Jeronimo with samples of 1.03% and 1.70% Cu,
• La Concha-Tinoco with several samples returning > 0.1% with peaks of 0.61% and 0.82% Cu,
• San Gabriel with several samples returning > 100 ppm Cu.

Outcropping and formerly mined mineralization in the Cerro Azul Concession displays chalcopyrite, bornite, pyrite, copper carbonates with sericite-pyrite-quartz-specularite and chlorite alteration, possibly indicative of the phyllic alteration zone of a Cu-Au-(Ag) porphyry system. In addition, the mineralized volcanic breccia may represent a lithocap and the surrounding polymetallic veins could be the peripheral manifestation of the porphyry system according to mapping by Riverside geologists. Mineralization occurs in a structural corridor with a prospective trend of at least 20 km length and up to 10 km wide, from Las Fraguas in the northern limit of the property to Cerro Azul in the southern part, where several Cu-Hg-Au mines produced during the 1900's.

The rocks exposed on the property consist of several intrusive phases and hypabyssal stocks intruding and altering a volcanosedimentary Cretaceous sequence composed of polymictic conglomerates, calcareous sandstones, andesitic epiclastic rocks and andesitic flows. Mineralization is hosted in the intrusions and surrounding lithologies demonstrating a porphyry hydrothermal alteration with peripheral epithermal Cu-Hg, Cu-Au-(Ag), and high-level Au epithermal veins systems. The alteration occurs along >25 km north-south trend possibly related to a major north-south, deep seated fault zone. The alteration halos are 1-2 km wide and represent a cluster of mineralized centers.

Chapalota

The Chapalota property is located approximately 50 km northeast of the city of Mazatlan in south-central Sinaloa, Mexico, immediately north of Geoinformatics’ Azulitas polymetallic sulphide deposit (5.6 million tonnes of 0.9% Cu-Eq.). The Chapalota property covers an area of 8,073 hectares and is located on the western margin of the Sierra Madre Occidental Belt with good road access, water, power and related infrastructure. Guerrero can acquire a 70% interest in the Property.

David Stadnyk – President & CEO


Troy Gill – VP Exploration


Michael Hopkinson, CPA – Chief Financial Officer


Peter Miles – Director


George Tsafalas - Director

No info available.