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The Mountain View project is located 15 miles northwest of
Gerlach in Washoe County, Nevada. The project encompasses a
total area of approximately 2,360 acres. Prior owners have
conducted drilling on the Mountain View property. Over 8,000
feet of reverse-circulation drilling indicate the presence
of a new zone of bulk mineralization approximately 200 feet
east of the known core of mineralization. Gold
mineralization is structurally controlled and hosted in the
Severance Rhyolite that is sandwiched between the
range-front fault to the northeast and older Tertiary tuffs,
flows and volcaniclastic sediments to the southwest. Based
on a third-party technical study completed December 17,
2002, by Snowden Mining Industry Consultants of Vancouver,
British Columbia, the Mountain View project contains
approximately 23.2 million tons of gold mineralized material
with an average grade of 0.013 ounces of gold per-ton at a
cut-off grade of 0.006 ounces of gold per-ton. On July 31,
2006, Snowden issued a technical report describing technical
work done by them previously, and reporting drilling
completed in 2003 and 2004.
|
Measured
and Indicated Resource |
Short Tons
(1,000s) |
Fire Assay
Gold Grade
(opt) |
Contained
Gold Ounces |
|
Hycroft |
52,700 |
0.019 |
1,001,000 |
|
Maverick Springs |
69,630 |
0.010 |
696,000 |
|
Mountain View |
23,219 |
0.013 |
301,850 |
|
Hasbrouck/Three Hills |
26,000 |
0.023 |
598,000 |
|
Wildcat |
38,108 |
0.018 |
685,940 |
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