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Mountain View
The Mountain View project is located 15 miles
northwest of Gerlach in Washoe County, Nevada. The project encompasses a
total area of approximately 2,360 acres. Prior owners have conducted
drilling on the Mountain View property. Over 8,000 feet of
reverse-circulation drilling indicate the presence of a new zone of bulk
mineralization approximately 200 feet east of the known core of
mineralization. Gold mineralization is structurally controlled and
hosted in the Severance Rhyolite that is sandwiched between the
range-front fault to the northeast and older Tertiary tuffs, flows and
volcaniclastic sediments to the southwest. Based on a third-party
technical study completed December 17, 2002, by Snowden Mining Industry
Consultants of Vancouver, British Columbia, the Mountain View project
contains approximately 23.2 million tons of gold mineralized material
with an average grade of 0.013 ounces of gold per-ton at a cut-off grade
of 0.006 ounces of gold per-ton. On July 31, 2006, Snowden issued a
technical report describing technical work done by them previously, and
reporting drilling completed in 2003 and 2004.
| Measured and
Indicated Resource |
Short Tons
(1,000s) |
Fire Assay
Gold Grade
(opt) |
Contained
Gold Ounces
|
| Hycroft |
52,700 |
0.019 |
1,001,000 |
| Maverick Springs |
69,630 |
0.010 |
696,000 |
| Mountain View |
23,219 |
0.013 |
301,850 |
| Hasbrouck/Three Hills |
26,000 |
0.023 |
598,000 |
| Wildcat |
38,108 |
0.018 |
685,940 |
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