INEPENDENCE GOLD PROJECT
Gold and Silver
SIZE:
640 acres
LOCATION:
24 miles southwest of Battle Mountain, Nevada
TARGET TYPES:
Shallow low sulphidation epithermal, deeper Carlin gold skarn
PROJECT HIGHLIGHTS
- Option to earn up to a 75% interest through project.See full details.
- Located 1.5 kilometres to the southwest of the Phoenix pit of Nevada Gold Mines (Newmont / Barrick JV) in Lander County, Nevada — an excellent mining jurisdiction.
- Maiden NI 43-101 compliant Mineral Resource Estimate (MRE) released in May 2021 outlining both a near surface and an underground resource. The near surface portion of the MRE consists of Measured & Indicated Total Resource of 537,300 ounces of gold and 8.1 million ounces of silver plus an Inferred Total Resource of 147,300 ounces of gold and 1.2 million ounces of silver. The underground portion of the MRE consists of an Inferred Resource of 796,200 ounces of gold. The Company is actively advancing the near surface portion of the MRE towards a Preliminary Economic Assessment anticipated by year-end 2021.
- The Company is actively advancing the near surface portion of the MRE towards a Preliminary Economic Assessment anticipated by year-end 2021.
- Ongoing drilling leading to a resource update as part of the PEA and will include results from 6 Phase II drill holes near hole AGEI-32 which returned 9.1 g/t gold and 25.2 g/t silver over 80 feet.
HIGH GRADE DISCOVERY
Phase I resource expansion drilling included the high grade near surface discovery in hole AGEI-32 which returned 9.1 g/t gold and 25.2 g/t silver over 80 feet outside of the known mineralized oxide zone.
- An additional 6 holes were drilled in the area of hole AGEI-32 as part of Phase II drilling.
- Results from Phase II drilling are pending and will be included in a resource update as part of the Preliminary Economic Assessment scheduled for Q4 2021
PROJECT CATALYSTS
RESOURCE
- Q3 2021
Phase II Drill Results
- Q4 2021
Resource Update as part of PEA
DEVELOPMENT
- Q3 2021
Additional Metallurgical Testwork
- Q4 2021
Preliminary Economic Assessment
PERMITTING
- Q2 2021
Advance Permitting Under Newmont/Barrick Plan of Operations
GEOLOGIC MODEL
Historic Resource Model
Geological Model