Mineral Mountain is located in the northwest corner of the project area, approximately 6 km from the Main Zone.
Results from the final 3 holes at Mineral Mountain:
- 2.03 grams per tonne gold (g/t Au) over 6.1 metres (m) and 0.74 g/t Au over 13.7 m in PGS275
- 0.94 g/t Au over 15.2 m and 0.83 g/t Au over 6.1 m in PGS282
- 1.01 g/t Au over 12.2 m and 0.75 g/t Au over 9.1 m and 0.31 g/t Au over 9.1 m in PGS286
Highlights from previously released holes at Mineral Mountain:
- 1.02 g/t Au over 13.7 m and 0.74 g/t Au over 10.7 m in PGS253
- 1.16 g/t Au over 25.9 m including 3.48 g/t Au over 4.6 m in PGS255
- 0.58 g/t Au over 6.1 m and 0.51 g/t Au over 7.6 m in PGS264
- 0.79 g/t Au over 29.0 m including 1.97 g/t Au over 4.6 m in PGS265
- 0.39 g/t Au over 19.8 m and 0.53 g/t over 6.1 m in PGS268
- 0.53 g/t Au over 10.7 m in PGS273
- 1.78 g/t Au over 67.1 m including 3.14 g/t Au over 32.0 m in PGS277
Key Points:
- Drilling at Mineral Mountain successfully demonstrated the potential for near-surface gold mineralization over a strike length of over 1 km.
- 12 of the 13 holes at Mineral Mountain returned gold intercepts of greater than 0.40 g/t Au.
- The interpretative model at Mineral Mountain is similar to the rest of the Goldstrike project area.
- The Mineral Mountain target is located 1.5 km south of a granitoid intrusion, with a 2 km2 gold-in-soil anomaly that may be skarn related.
- Additional surface work, including Induced Polarization (IP) geophysical surveys, are needed in the area adjacent to the Mineral Mountain granite stock to understand the relationship between the granite and gold mineralization.
- The Mineral Mountain intrusion, or buried intrusions related to it, may be drivers of gold mineralization on a region-wide scale, as a source of heat and hydrothermal fluids.
- Additional drilling is planned following the completion of surface work.
Goldstrike is located in the eastern Great Basin, immediately adjacent to the Utah/Nevada border, and is a Carlin-style gold system, similar in many ways to the prolific deposits located along Nevada's Carlin trend. Like Kinsley Mountain and Newmont's Long Canyon deposit, Goldstrike represents part of a growing number of Carlin-style gold systems located off the main Carlin and Cortez trends in underexplored parts of the Great Basin. The historic Goldstrike Mine operated from 1988 to 1994, with 209,000 ounces of gold produced from 12 shallow pits, at an average grade of 1.2 g/t Au.