KINSLEY MOUNTAIN GOLD PROJECT
Kinsley Mountain Project
Kinsley Mountain Project hosts a Carlin-style, sedimentary rock-hosted gold deposit located south of Nevada Gold Mine LLC’s’ Long Canyon deposit, with a stratigraphic and structural setting and gold mineralization similar to other sedimentary rock-hosted gold systems in the underexplored area east of the Carlin Trend in northeast Nevada1.Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Kinsley Mountain Project. Kinsley is host to a past-producing mine with an extensive exploration database, current Mineral Resources, and numerous, untested gold targets.
The Kinsley Mountain Mineral Resource2 includes the high grade Western Flank zone in addition to near-surface oxide ounces. According to Liberty Gold’s technical report dated effective October 15, 2015 and completed by Michael Gustin, Ph.D, CPG, The Kinsley Mountain Mineral Resource comprises a 5.53 million tonne Indicated Resource containing 405,000 ounces of gold at a grade of 2.27 grams-per-tonne (g/t) gold and a 3.36 million tonne Inferred Resource containing 122,000 ounces gold at a grade of 1.13 g/t gold. A subset of high grade mineralization hosted in the Secret Canyon Shale at the Western Flank zone includes a 1.46 million tonne Indicated Resource containing284,000 ounces gold at an average grade of 6.04 g/t gold. At a 3 g/t cut-off grade, most of the resource ounces at the Western Flank remain, including 845,000 tonnes containing 248,000 ounces gold at an average grade of 9.15 g/t gold[1]^(applewebdata://D7E7F9A8-D5E0-440B-9B46-08209E0D48CD#_ftn1). To the best of Barrian’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resource inaccurate or misleading.
The Kinsley Mountain Project is held by JVCO, a limited liability company owned 79.1% by Pilot Gold (USA) Inc. (“Pilot”), a wholly owned subsidiary of Liberty Gold, and 20.9% by Intor Resources Corporation, a wholly owned subsidiary of Nevada Sunrise Gold Corp. (TSXV: NEV) (“Nevada Sunrise”), pursuant to a limited liability company agreement of JVCO between Pilot and Intor. Liberty Gold originally purchased the option to earn a controlling interest in the Kinsley Mountain Project in September 2011. Liberty Gold is the project operator of the Kinsley Mountain Project.
Maximilian Sali, CEO and Co-Founder comments, “The acquisition of the Kinsley Mountain gold project from Liberty Gold will give Barrian a NI-43-101 mineral resource with 80 % of this project unexplored to allow for potential further high-grade discoveries. Kinsley has previously produced 138,000 ounces of gold in the mid to late 90s and Liberty has engaged in a number of drill programs since 2015 and we have engaged an independent Qualified Person to complete a NI 43-101 technical report on the project.”
Bradley Telfer, Director and Co-Founder comments, “Kinsley has been an asset of interest for some time and is located directly nearby to the producing Long Canyon Mine owned by Nevada Gold Mines”