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The initial portfolio acquisition is the Walker Ridge Gold Project located just 60 miles (100km) north of the mining hub, Elko, and is accessed via a public access road off of Highway 225. The Walker Ridge Project is sandwiched in-between gold producers and is located just north of the producing Jerritt Canyon gold mines. Total production from the Jerritt Canyon deposits is currently over 8.7 million ounces. The proximity to the Jerritt Canyon Mill and infrastructure is a critical advantage for the Walker Ridge Project.
Soil sampling for pathfinder elements provided the initial impetus to perform exploration at Walker Ridge. Sampling was initially conducted by Tenneco Minerals in 1985 and 1986 with in-fill sampling done by Stratos Gold in 2007. The combined data sets essentially define a large area of strong mercury values surrounded by a halo of high antimony values approximately 6000 ft in diameter.
A large bullseye Gravity anomaly sits under the geochemistry. A 2012 survey found a prominent gravity low that correlates directly with the mercury soil anomaly. Amplitude for the low exceeds two milligals, which represents a significant density reduction. Typical of Carlin Style Gold deposits is the reduced density of the gold bearing strata due to decalcification of the host carbonate rocks.
The Nevada Carlin Type Deposits have a combined endowment of more than 250 million ounces, which is even more concentrated when you realize 85% of these CTGD ounces come from only four clusters or “Trends” of deposits: Carlin, Cortez, Getchell, and the Independence/Jerritt Canyon trend. About 100 Carlin-type deposits are known along the four linear trends in north-central Nevada and since the discovery of typical micron-size, disseminated gold mineralization in 1961, more than 84 million ounces of gold have been produced from the Carlin Trend The Walker Ridge Gold project sits within one of the four main Carlin gold trends in NE Nevada. It is a large drill-ready target that has been advanced by solid geological, geochemical and geophysical work and has all the features of a Carlin Type gold deposit. The mineral rights are held by 40 unpatented mining claims owned by Oliver Geoservices LLC (OGS). Assessment work payments to the BLM are current and the work program which includes drilling has been approved and permitted.
The project is located just 60 miles (100km) north of the mining hub, Elko, and is accessed via a public access road off of Highway 225. The Walker Ridge Project is sandwiched in-between gold producers and is located just north of the producing Jerritt Canyon gold mines owned by billionaire Eric Sprott.
The Big Springs and Veris-Jerritt Canyon gold claims cover a number of active exploration gold targets that are centered around geophysical and geochemical anomalies within the larger Independence Carlin Trend.
The nearby targets are of a very similar nature to Carlin-type gold and Walker Ridge; however, they are generally of a smaller nature and near to small Eocene age volcanic dykes.