The Sunny Slope gold mine is a remarkably high-grade, quartz-gold vein system hosted in metamorphosed sedimentary, volcanic and intrusive rocks. The property is located in Mineral County, Nevada and the Company owns a 100% in the unpatented claims which have no underlying royalties.
Numerous shafts, adits and prospects occur within the Sunny Slope project area. A well-preserved, historic stamp mill still remains in the main project area and suggests that initial mining activity may pre-date the 1900’s. This relatively large mill facility also demonstrates that the mine was of sufficient size and value to support a substantial mining operation.
The property consists of Tertiary and Mesozoic age igneous rocks that intrude metamorphosed sedimentary and volcanic rocks of the Excelsior Formation. At least two gold-bearing brecciated quartz veins have been identified along northwest trending fault zones. The veins, which are poorly exposed, appear to extend for many hundreds of feet in strike length. Channel samples collected from the vein returned values from 0.132 to 24.572 opt gold while limited drilling returned intercepts of 95 feet averaging 0.018 opt gold including 20 feet of 0.057 opt (highest value encountered 5 feet of 0.112 opt). Composite samples collected from the historic mill tailings adjacent to the stamp mill averaged 0.200 opt gold.
In addition to the high-grade quartz-gold veins that occur at Sunny Slope, a second target has been identified. The high-grade veins may actually represent the surface manifestation of a much larger gold porphyry system that is concealed at depth. Porphyry deposits are common in the area and include the Yerington, Pumpkin Hollow, and Northern Lights mines.
The Companies primary objective is to initiate mining operations at Sunny Slope as quickly as possible at minimal capital and operating costs. Operating permits for underground mine development and production are expected to be relatively simple to obtain. The project is fortuitous to have excellent infrastructure including maintained road access and nearby power lines.
|Last Trade||0.12 (+0.00)|
|View Detailed Stock Information|