Sundance Gold Project, Nevada

Project Overview

The Sundance Gold Project is a new project announced in January 2021. It is located approximately 90 miles southeast of Reno, Nevada, and access to the project is via a well maintained County road.

The project is in the central portion of the Walker Lane Mineral Belt, a major northwest-trending structural zone that is host to numerous productive epithermal gold and silver deposits, and it is in the same area as the past producing Denton-Rawhide Mine (1.8 million ounces gold and 15.6 million ounces of silver production), and the currently producing Isabella Pearl Mine.

The project comprises nine mining claims that are within an extensive regional alteration zone that includes the Isabella Pearl to the southeast.

Company Exploration

The area is being targeted following the Company’s discovery of anomalous gold in surface samples containing up to 0.3 grammes/ton gold in clay altered and quartz veined volcanic rocks. The Company has recently completed an initial soil sampling programme with 124 soil samples collected from this area of interest.

Anomalous gold-in-soil values were returned on most sample lines with values up to 168 ppb gold and a 60m width >100 ppb gold on one particular sample traverse. Whilst this particular anomalous area is located above bedrock, the project area is laced with alluvial channels where soil samples are not likely to be representative of the underlying bedrock and so there is no coherent anomaly pattern.

However, the Company considers that the anomalous gold values at surface may represent the halo to more significant mineralisation as is the case at Isabella Pearl where drilling earlier in 2020 reported intersections of 26m of 18g/t gold and 84m of 8g/t gold below lower grade mineralisation at surface.

Next Steps

The Company is planning a mapping and trenching programme to follow up its anomalous gold results.