About the Pickhandle Gold Property
- The Project is located at a structural intersection of the “Rabbit Suture” (Hwy 305) and the Crescent Valley Fault Zone (refer to Figure 1), approximately 45 kilometers southwest of Nevada Gold Mine’s Cortez and Pipelinemulti-million ounces gold deposits.
- The Pickhandle gold target comprises a small window of Permian Edna Mountain Limestone cut by mineralized dikes. The surface geology, alteration, structural complexity, and geochemical environment are strongly indicative of a “Carlin-type” gold environment. Particularly the pervasive silicification (Jasperoids) and silica-flooded brecciation (refer to Figure 2), superimposed on ferroan dolomite, are especially encouraging. Gold values from rock chip sampling reached up to 1.5 g/t Au.
- It is particularly significant that the Pickhandle prospect area has never been drilled and shows no evidence of having been prospected in recent times.
- NV Gold will conduct a Phase 1 exploration program during 2021 leading to a potential RC (Reverse Circulation) drilling program, which will be focused on testing all unexposed Permian Antler Sequences, and to extend the target underneath Tertiary volcanic cover and into the pediment.
Figure 1: Pickhandle Gold Project General Location Map (NV Gold properties highlighted in red)
Figure 2: Pickhandle Jasperoids and Pediment Target