Midas North Project
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
