About the Spanish Canyon Gold Project
- The Spanish Canyon Gold Project is located in the Ione Valley, Nye County, approximately 100 kilometers northwest of Tonopah, Nevada (refer to Figure 1).
- The project is a “Carlin-type” strata-bound and structurally-controlled, disseminated gold-silver system hosted in the calcareous sediments of the Triassic Luning and Sunrise Formations.
- The area is characterized by multiple stages of faulting, replacement silicification, hydrothermal and tectonic breccia-bodies and argillic-decalcification alteration of carbonates over a 4 square-kilometer area.
- This never-drill-tested project is unique for its several mineralized jasperoid zones in an area up to a kilometer long and contains previous sampling that assayed up to 2 g/t Au and over 1,000 ppm As (refer to Figure 2 and 3).
- The project represents an untested gold system, with bulk mineable potential, that is situated in favorable geologic and geographic environments.
- Drill targets have been identified and include a large basin pediment area, range-front structural zone, with mineralization exposed in the outcrops along the low-lying hills of the range.
Figure 1: Spanish Canyon Gold Project General Location Map
Figure 2: Spanish Canyon Gold Project Geology, Alteration & Target Map
Figure 3: Spanish Canyon Gold Project Jasperoids in the Low Hills