Hasbrouck / Three Hills
The Hasbrouck/Three Hills project is located in the historic Tonopah
mining district five miles southwest of Tonopah in Esmeralda County,
Nevada. The project encompasses 1,501 acres.
Gold occurs as hot-springs-style mineralization hosted in volcanics of
the Siebert Formation.
A NI 43-101 compliant technical report dated August 14, 2006 was
completed by Mine Development Associates of Reno, Nevada. The Hasbrouck
study was developed using data from 22,433 meters of drilling,
principally comprised of 105 reverse-circulation holes and 22 rotary
drill holes. The drilling database was compiled from work performed by
FMC Gold Co., Cordex Syndicate and Franco Nevada Inc. between 1974 and
1988. Based on this study, mineralized material above a cut-off of 0.34
g/t is 18.4 million tonnes at an average grade of 0.79 g/t Au and 10.97
g/t Ag for 459,000 contained ounces of gold and 6.5 million contained
ounces of silver.
  
The Three Hills study included data from 62,874 feet of drilling,
comprised of 183 reverse- circulation holes totaling 54,657 feet, 45
air-track and rotary holes totaling 6,320 feet and 9 diamond drill holes
totaling 1,897 feet. The drilling was completed by Echo Bay Mines Ltd.,
Eastfield Resources, Saga Exploration and Cordex Syndicate between 1974
and 1996. Based on this study, gold mineralized material above a cut-off
of 0.01 ounces of gold per-ton was 5.7 million tons with an average
grade of 0.023 ounces of gold per-ton. On August 14, 2006, MDA of Reno,
Nevada issued a technical report describing technical work performed by
them.
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