Midas North Project

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

Midas North Overview

Under earn-in agreement with Newcrest Mining
Large, royalty-free land position, 3100 hectares, 410 unpatented claims on BLM
Large, un-drilled epithermal alteration cell immediately north of and adjoining Hecla Mining Company’s Midas Mine
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 (Hecla News Release, May 18th, 2021)

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
Presence of sinter, water table silica, and clay alteration indicative of a fully preserved epithermal system

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