On October 7th, 2020 , 2020, Red Oak Mining Corp. (TSXv. ROC.h) announced the acquisition of the Nuevo Taxco Silver-Gold Property from Impact Silver Corp. (TSXv. IPT) (see Press Release for details).The Nuevo Taxco Property is comprised of approximately 1,100 hectares located approximately 80kms south of Mexico City within the Pregones Mining District and is prospective for high-grade silver and gold mineralization. Impact conducted an initial exploration work program which identified and mapped 21 silver bearing veins and assayed 395 samples. Three of the samples were over 1 kilogram per tonne and 190 samples were over 1,000 grams per tonne.
For further details on the project, and transaction please click on the following: