Midas North Project
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:
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Additional geologic and sinter facies mapping
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Detailed prospecting and rock chip sampling
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Aeromagnetic and radiometric survey
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CSAMT resistivity survey
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Airborne hyperspectral survey
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Handheld spectrometer hyperspectral study
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Detailed soil geochemical program
