Operations

Projects Held for Sale

ROBERTS CREEK

Stratigraphic & Structural Controls Similar to McEwan’s Gold Bar Mine:

819k oz Au measured & indicated, 201k oz Au inferred 

  • Located in the Gold Bar district along the Battle Mountain Eureka Trend
  • Magnetic and Gravity anomalies coincide with projected structures and soil sample anomalies beneath the alluvium cover
  • Drill ready with well-defined targets, drilling permits in progress

COBRE

Analogous toLong Canyon Mine:

Carlin Type Gold deposit 170k Attributable oz Au 

 

  • Large land package located within the Long Canyon Trend with excellent infrastructure
  • Magnetic anomalies coincide with structures projected from the range, Jasperiod outcrop and possible intrusive dykes & swarms that would be sources of mineralization similar to Long Canyon
  • 2021 field work includes alteration mapping and planning a drill program

IVANHOE WEST

Analogous to Hollister Mine that produced >450k oz Au and >2.5 Moz Ag

  • Situated along the Carlin Trend related to Miocene epithermal high grade gold mineralization
  • Surface structures and alteration indicate a low temperature epithermal deposit
  • Current field work includes a detailed soil surface sampling program and a Ground Magnetic survey to identify drill targets

GOLDRUN

Analogous to Newmont’s Phoenix Cu-Au deposit 241k Attributable oz of Au and 32M Attributable pounds of Cu

  • Located along an extension of Getchell Trend targeting Eocene Au-Cu mineralization
  • Ground Magnetic and surface sample anomalies indicate a Carlin-Type gold deposit
  • Rock samples taken from historic mining on project yield up to 4 g/ton Au 29g/ton Ag

Projects Under Option

Powerline Project

Powerline is drill-ready and situated on-trend with 5 deposits totaling >8 Moz of gold resources.

A major NNE mineral-controlling structure connects the Relief Canyon deposit, the Coeur Rochester mine, and the Spring Valley deposit, then continues NE onto the Powerline claim block.

NE-trending structures, hidden beneath alluvium within the Powerline project area, are suggested by magnetic and gravity data and supported by soil geochemical data.

 

The Powerline area contains two strong geobotanical anomalies that are indicative of late Tertiary mineral-bearing hydrothermal systems.

Drilling is fully permitted, bonded, and first-pass drilling targets are defined.

Grayson Project

Highly analogous to the Relief Canyon Mine (789,000 oz Au)

Grayson is a Miocene epithermal gold target similar to Relief Canyon, which is a 653,000 oz gold deposit* along the same thrust fault to the west, that recently renewed mining operations.

The Grayson project area lies in the dilatant corner of a small sinistral pull-apart basin within the larger hinge zone of the Lahontan pull-apart basin.

In the hills surrounding Grayson are historical fluorite, mercury and antimony mines that form a halo of pathfinder mineralization around the Grayson project area.

Soil geochemical surveying by ionic leach yielded significant gold and mercury anomalies, suggesting a significant gold system may exist in the subsurface.