Junction Gold Project

Junction Gold Project

As a result of the Company's reconnaissance sampling programmes in Nevada the Company has staked 15 claims to cover a new area of gold mineralisation in Nevada which now forms the Company's Junction Gold Project.

The project is located far from any modern-era gold mine or deposit. It has, however, previously been prospected for copper with old bulldozer trenches and shallow excavations scattered over the 1.2 sq km area targeting copper mineralisation in quartz veins in granite in a northeast trending zone. The copper mineralisation is spotty in nature and contains only low gold values (generally less than 0.5 grammes/tonne (g/t) gold).

Parallel to, and to the northwest of the main copper zone, the Company has identified a northeast striking gold zone where at least one quartz reef (c. 1m wide) is exposed in a number of locations but most of the zone and its potential strike extensions are soil covered. Five grab samples taken from exposures of the quartz vein over a strike length of 240m all contain gold with assays ranging from 1.3 to 12.9 g/t gold, averaging 5.6 g/t gold. Two samples of altered granite wall rock from near the reef assayed 1.6 and 3.8 g/t gold suggesting potential for more significant widths of gold mineralisation. The gold zone samples are low in copper.

Two grab samples of quartz taken from a separate quartz reef 275m to the southeast also contained significant gold values with assays of 3.3 and 16.2 g/t gold. This reef occurs within the main copper zone but the samples are low in copper, suggesting that the gold and copper mineralisation may be spatially related but formed in two separate episodes of mineralisation.

The significance of this new gold find remains to be determined but initial sampling results are very favourable.

Unworked orogenic quartz veins/stockworks in Cretaceous granite host

Unworked orogenic quartz veins/stockworks in Cretaceous granite host

Project Location

Project Location