Project Overview

Bonanza grade samples reported in 2021 as high as 21,032 g/t Au and 38,820 g/t Ag

The field formed between 39.9 and 39.3 Ma, which corresponds to the 40-37 Ma age of gold mineralization in the Carlin Trend

High-grade drill highlights as high as 4.5m of 127.08 g/t Au

Production from quartz veins and stockwork

  • >500,000 oz Gold (Au)
  • 7.5 million oz Silver (Ag)

High-Grade Gold in Nevada, USA

The project consists of numerous high-grade gold vein targets, including the Grand Prize Target from which the company reported bonanza grade samples in 2021 of:

21,032

g/t gold (Au)

38,820

g/t silver (Ag)

The property consists of 268 claims covering approximately 5,370 acres within the Tuscarora Mining District in Elko County, Nevada. The Tuscarora District lies at the foot of Mount Blitzen on the eastern slope of the Northern Tuscarora Range.

The Project, 50km northwest of Elko, is a high-level, low-sulfidation, epithermal gold prospect in the historic Tuscarora Mining District of Nevada, USA.

Drill Highlights

Intercepts as high as 368.31 g/t Au

South Navajo Zone
4.57m of 127.08 g/t Au,
including:
1.52m of 368.31 g/t Au
1.53m of 51.06 g/t Au
1.53m of 27.61 g/t Au
1.52m of 18.40 g/t Au
3.05m of 16.06 g/t Au, including:
1.52m of 27.20
1.52m of 13.55 g/t Au
3.05m of 13.42 g/t Au
1.52m of 13.00 g/t Au
1.53m of 11.48 g/t Au
1.52m of 10.30 g/t Au
1.53m of 9.33 g/t Au
3.04m of 9.13 g/t Au, including:
1.52m of 13.86 g/t Au
1.52m of 8.75 g/t Au

East Pediment Zone
1.52m of 52.37 g/t Au
1.52m of 4.14 g/t Au

Sample Highlights

Samples as high as 21,032 g/t Gold 38,820 g/t Silver

Grand Prize Target
21,032 g/t Au & 38,820 g/t Ag
391 g/t Au & >10,000 g/t Ag
19.45 g/t Au & >10,000 g/t Ag
3.32 g/t Au & 432 g/t Ag

Argenta Target
882 g/t Au & >10,000 g/t Ag
24.60 g/t Au & 3,610 g/t Ag
18.70 g/t Au & 4,010 g/t Ag
7.36 g/t Au & 1,609 g/t Ag
6.60 g/t Au & 4,680 g/t Ag

Unnamed 1 Target
32.70 g/t Au & 29 g/t Ag
2.27 g/t Au & 8 g/t Ag

Modoc Target
2,850 g/t Au & 1,460 g/t Ag
150.50 g/t Au & 2,380 g/t Ag
121 g/t Au & 118 g/t Ag
98.50 g/t Au & 54 g/t Ag
85.90 g/t Au & 78 g/t Ag
51.70 g/t Au & 139 g/t Ag
44.10 g/t Au & 88 g/t Ag
30.30 g/t Au & 412 g/t Ag

Young American Target
116.50 g/t Au & 743 g/t Ag
10.20 g/t Au & 473 g/t Ag
9.38 g/t Au 1,850 g/t Ag
1.87 g/t Au & 945 g/t Ag

Unnamed 2 Target
11.50 g/t Au & 14 g/t Ag
2.98 g/t Ag & 20 g/t Ag

History

The Tuscarora Mining District is within a major gold producing region of Nevada. Placer gold was discovered in the district in 1867 and production of silver-gold lode deposits began in 1875 (LaPointe, et al., 1991). Total precious metal production between 1867 and 1990 consists of >500,000 ounces of gold and 7,632,000 ounces of silver from quartz veins and quartz stockwork mineralization.

Since 1982, the Tuscarora District has had a sustained, exploration effort. This effort has been almost continuous, with each subsequent operator building on the previous work. Ultimately, this work led to the area covered by the Tuscarora Project.

The Tuscarora Project lies south and east of the Dexter historic open-pit. Newcrest drilled this area and noted numerous significant gold values for the South Navajo Vein and East Pediment areas. With up to 5 feet, grading 182 g/t Au in drill hole TN38, in the South Navajo Vein area. Their assay values indicated narrow and somewhat discontinuous shoots of high-grade gold. Newcrest also described coarse visible gold that created a metallurgical nugget effect.

Mineralization

The Tuscarora District clearly displays gold and silver in low sulfidation epithermal quartz-adularia veins and stockwork veins associated with dacitic intrusives and structures formed along the southeast margin of Mount Blitzen. The northern silver-rich portion of the precious metals district occurs immediately north of the Project. The silver-rich area has high Ag:Au ratios (>100), strong base metals, and typically displays narrow alteration selvages around quartz-carbonate veins hosted mostly in intrusive dacite. In contrast the southern gold rich portion of the district, including the Tuscarora Project, have relatively low Ag:Au ratios (<15), contains almost no base metals, underwent local boiling, and displays widespread silicification and adularization along with quartz-adularia veins, stockwork veining, and vug-fills in tuffs and fine-grained epiclastic rocks.

The work completed and data available are insufficient to determine the length, width, depth, or continuity of the mineralization at Tuscarora. The historic work is not of sufficient density and veracity to determine a quantifiable mineral resource or reserve.

Geology

The Great Basin in Nevada is a westward thickening wedge of carbonate and siliciclastic rocks deposited along a craton margin over hundreds of millions of years. The regional structural setting is simply portrayed as older Paleozoic and Mesozoic rocks above younger Paleozoic and Mesozoic rocks. Multiple global scale tectonic events pushed eastward, developing low-angle thrust faults that juxtaposed siliciclastic and carbonate rocks. In the late Mesozoic and early Cenozoic, extensional tectonic events led to multiple volcanic and intrusive events that continue into modern times. In this region of the Great Basin, three lithologic domains developed during the Cambrian to Late Devonian. Shallow, platform carbonates and shelf-slope carbonates formed the earliest domain as a westward-thickening wedge along the passive margin edge of the North American craton. A second domain formed in the Ordovician from deep-water ocean basin siliciclastic, volcanic, and volcaniclastic rocks to the west. The third domain is the result of the Antler highland emerging along the leading edge of the Roberts Mountain Thrust with subsequent erosion and deposition of the sediments along the eastern margin of the highland and into the foreland basin. In the early Tertiary, a period of extensive silicic volcanism occurred throughout a large portion of southwestern North America.

The Tuscarora volcanic field developed during this period and is one of the largest examples of Eocene age magmatism in Nevada. The most intense magmatism occurred to the southeast in an area that encompasses at least five major volcanic centers including the Mount Blitzen volcanic center.

Technical Reports

Work History

43-101 Technical Report

Qualified Person

Technical aspects of this website have been reviewed and approved by the designated Qualified Person (QP) under National Instrument 43-101, Eric Saderholm, P.Geo.

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