Midas North Project

Large and under-explored precious metal
system with a clear analog immediately
south at Hecla’s Midas Mine

Project Snapshot

Midas North Overview

100%-owned, royalty-free, 1500 hectares, 199 unpatented claims on BLM land
Large, un-drilled epithermal alteration cell immediately north of and adjoining Helca Mining Company’s Midas Mine
Widespread sinter, water table silica, and clay alteration suggests a fully preserved epithermal system is present
Analogous geologic setting to Hecla’s Midas mine and the recent Green Racer Sinter vein discovery: 189.3 g/t Au and 305.1 g/t Ag over an estimated true thickness of 3.99 metres
Infrastructure at nearby Midas includes a 1,200 ton per day mill, production water wells, high-voltage power, and a fleet of underground mining equipment

Undrilled alteration cell represents rare brownfields exploration opportunity along strike in a prolific high-grade Nevada mining district

Widespread areas of highly-anomalous mercury geochemistry, a key pathfinder element for epithermal vein exploration
Two main target areas widespread high-level chalcedonic to opaline silica flooding, clay alteration, and local sinter with interpreted vent facies: Nevada Grande target and the Big Opal target
Additional mapping, sampling, and geophysics in progress

Textures and initial geochemistry in opaline silica and sinter indicate local high-energy near vent environments

2022 program planned to include:
  • Additional geologic and sinter facies mapping
  • Detailed prospecting and rock chip sampling
  • Aeromagnetic and radiometric survey
  • CSAMT resistivity survey
  • Airborne hyperspectral survey
  • Handheld spectrometer hyperspectral study
  • Detailed soil geochemical program