Highlights:
- Known productive Carlin-type system; historically reported production in the 1980′s of 60,000 oz gold grading 2 g/t Au.
- Much of property is underlain by prospective and largely untested host rock (Pilot Shale).
- Numerous surface gold anomalies have been identified by chip sampling, including up to 2.5 g/t Au in the target unit (Pilot Shale).
- Targets will be lower 100 feet of Pilot shale where it is intersected by prospective faults; several have been identified and more are likely to be found. This target horizon underlies much of the property at depths of less than 300 feet.
- Property displays potential to host Carlin-type mineralization at shallow depths.
Location/District:
Central Nevada, Great Basin Carlin-type gold deposit terrain.
Type/Analogs:
Carlin-type gold mineralization with the potential for bulk mineable deposits. Similar and
nearby deposits include Alligator Ridge (1 million ounces), and the Pan Project (>500,000 ounces).
Setting:
The Green Springs property is underlain by upper Paleozoic interbedded limestone and clastic rocks. Previous mining was conducted on modest ore bodies developed in a narrow section of thin bedded limestone immediately above the massive Joanna Limestone. Beneath the 200 ft thick Joanna lies the Pilot Shale , one of the region’s best host units. This target unit underlies much of the property at depths of less than 300 feet. Grades of 2.5 g/t gold have been found in outcrops of Pilot Shale and several mineralized prospective structures have been identified over a large area that will intersect it at depth.
History:
Approximately 60,000 ounces of gold were produced from three oxide ore bodies in the 1980s. In 2005 and 2006, the previous operators mapped the surface geology, collected rock chip and soil samples, and delineated target areas. In 2008, eight lines of geophysics (CSAMT) were completed.
