President's Message

Oceanus acquired and began exploring the large El Tigre property in Sonora, Mexico in 2016. We acquired the Project for the potential of an open pit bulk tonnage target over the old El Tigre mine. Over the past year, we have completed almost 12,000 meters of infill drilling over the old mine and released our maiden 43-101 resource estimate for the El Tigre Project. Our greater interest in the El Tigre property, at acquisition, was the potential to find more high-grade gold mineralization along the strike to the north and south of the old El Tigre mine. Our recent successful step-out drilling 400 meters to the south has identified a possible high-grade zone which is open along the strike. The high gold and silver grades intersected in our recent very successful step out drilling 800 meters to the north are reminiscent of the bonanza silver and gold grades mined underground in the 1920’s and 1930’s at the old El Tigre mine.

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