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BOLO NEVADA PROJECT

The search for gold is much more than finding the right rocks. The rocks matter, but so do politics, infrastructure, access, workability, and costs.

The Bolo project ticks every box. The rocks have clear potential: they are the right kind of rocks, are cut by the right kinds of structures, and have returned gold in many samples and drill holes. No explorer has yet unlocked the puzzle and discovered a significant deposit at the property, but where there’s this much smoke there is likely a fire.

As for politics and workability: this is Nevada. Were it a country, Nevada would be the 4th largest gold producer in the world behind China, Australia, and Russia. Since John Livermore and Alan Coope outlined the first deposit on the famous Carlin trend in 1961, the state has produced 225 million ounces of gold. It remains an exploration hot spot for its ongoing gold potential and because the state supports this sector, Nevada is a very workable jurisdiction with a population that understands mining.

Bolo is road accessible; it is crisscrossed with dirt roads. Power passes within 20 km, there is abundant water in the area, and the topography is reasonable.

Easy access in the middle of a mining-heavy state means mining support services abound in the Bolo area. As such, exploration costs are low. A dollar goes a long way at Bolo, which means fewer capital costs and better returns for shareholders.

Bolo is in central Nevada, approximately 290 km southeast of Reno and 295km northwest of Las Vegas. It is very much road accessible, with various dirt roads and tracks traversing the property.

The town of Ely is 192 km northeast of the project and has full services, enough to support a large copper mine. Power lines pass within 20 km of the property. There is ample water in the area, available through negotiation with owners of the water rights.

Much of the project is gentle topography, with gently sloping hills. There are steep sections, but the topography is not challenging for exploration and it would not be a difficult place to design and build a mine.

The property comprises 187 unpatented lode mining claims and 1 patented lode mining claim (the Uncle Sam Patent). There is an active plan of operations that means New Placer Dome is immediately permitted for drilling, though New Placer Dome will have to apply for permit amendments for some of its target areas.

Bolo Basics

Bolo is in the middle of Nevada, which puts it just south of the famous Carlin Trend. The trend has the highest concentration of Carlin-type deposits but this kind of mineralization exists across Nevada – if you know what to look for.

Bolo has all of these factors. The property has the right rocks and those rocks are cut by two parallel north-trending fault structures. The main Mine Fault has been tracked for 2,750 metres with sample results as high as 8.6 g/t gold. The parallel East Fault is almost as long as 2,200 metres and has generated samples as high as 4.7 g/t gold, despite having seen much less work.

Soil samples, rock and chip samples, and trenches by several iterations of explorers have returned widespread gold at surface. And drilling has shown that gold extends to depth beneath some surface showings. The most recent program, in 2017, returned a best result of 1.3 g/t gold over 133 metres in oxide gold starting at surface. Other strong results include 90m of 1.0 g/t and 52m of 1.27 g/t gold.

The bottom line is that past work has demonstrated that Bolo has all the characteristics of a Carlin-style gold deposit, but the property has not had enough dedicated exploration attention to figure out the puzzle of Bolo’s rocks…that may well contain a good lode of gold.