WO3 Price: $3,040.00 - Avg (USD) MTU
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Golconda Summit Project

Nevada, USA
(Option to earn 100%)

Gold (Au), Silver (Ag)

27km east of Winnemucca

Trenching and drilling permits in-hand

Golconda Summit Project Highlights

Target

Carlin-type gold property located at the confluence of the prolific Getchell and Battle Mountain – Eureka Trends.

The property is considered prospective for the identification of additional near-surface gold mineralization within Havallah Sequence rocks, as well as for Carlin-type replacement style gold mineralization within lower plate Edna Mountain Formation and Antler Peak Limestone units located below the Golconda thrust fault.

Exploration Notes

The property is hosted in a series of lithotectonic units of diverse lithologies which have been transported eastward to their present location along three major thrust faults: Roberts Mountain, Iron Point and Golconda. The stratigraphic sections within the property include the Cambrian Preble, Pennsylvanian-Permian Antler Peak Limestone, and Permian Edna Mountain Formations, which are structurally capped by the Pennsylvanian-Permian Havallah Sequence.

Previous work focused on surface gold anomalies found within the structurally superimposed overlying Havallah Sequence rocks. Trenching of these anomalies returned multiple intercepts of high-grade zones. Previous drilling was relatively shallow, and drilling results returned up to 10.7m of 3.1g/t Au.

Epithermal-style alteration is found along high-angle, northerly-trending faults and along the base of the Iron Point thrust fault where the Antler Peak Limestone has been silicified and iron oxide-stained.

The target model for the project is based on the presence of untested lithologically favorable stratigraphic horizons which could host gold mineralization introduced along high-angle structures, including:

  • The Antler Peak Limestone and its stratigraphic equivalents which are known host rocks for both Carlin-style (e.g. Chimney Creek mine within Getchell trend) and skarn deposits (e.g. Fortitude/Phoenix in Battle Mountain district), and
  • The more calcareous lower portions of the Edna Mountain Formation are known host rocks for disseminated replacement-style gold mineralization (e.g., Lone Tree Mine).

Location

Located 27km east of Winnemucca, nearby to a state highway and entirely on BLM ground.

  • 35km southwest of Nevada Gold Mines Turquoise Ridge Complex Mine (13Moz at 5.02g/t Au)
  • 20km northwest of Nevada Gold Mines Lone Tree Complex which produced 4.6Moz at 2.06g/t Au
  • 30km northwest of SSR Mining Inc.’s Marigold Mine (5.66M Oz Au M&I)

Latest Status

Trenching and drilling permits received.