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Properties - Golden Brew Project

Golden Brew

The Golden Brew project area displays Carlin-style mineralization with ore-grade gold and silver rock chip and soil values distributed along at least 4000 feet of strike length in favorable host rocks. It shows the potential to contain 1 million+ ounces of gold in near-surface resources.

Location/Land
Golden Brew is located in central Nevada on the western side of the Toiyabe Range about 20 miles southwest of Austin in the Toiyabe National Forest. The project comprises 100 acres of unpatented mining claims.

Setting
The project area was an unknown Au-Ag occurrence until discovered by a geologist for Superior Oil in 1980. It is located near the Kingston District, which contains the Victorine Mine, and it is about 10 miles south of the Quito Carlin-type deposit. The large Northumberland Carlin-type gold system (5 million ounces of gold?) is located about 20 miles to the east.

Geology and Geochemistry
The project area is underlain by the Crane Canyon sequence, a Cambrian unit consisting of massive limestone, shaly limestone, and limey shale. This unit is cut by several north-south and west-northwest trending faults. It shows an antiformal structure with the limbs separated by one of the north-south faults.

Jasperoid and silicified breccia are developed preferentially one of the along the WNW faults along a strike length of over 2500 feet. Rock chip sampling of this material has returned several +1 ppm Au assays with a maximum of 4.01 grams/ton gold (0.128 opt Au). Other elements are strongly anomalous as well with up to 900 grams/ton (28.9 oz/ton) Ag, 1010 ppm As, 99 ppm Sb, 187 ppb Hg, and low base metals.

Soil sampling returned widespread anomalies in the vicinity of mineralized outcrops along the WNW fault zone. In addition, the soils showed anomalies eastward from the known mineralization and also along the NS fault. Gold values in soils were subdued relative to the rock chips with only 3 samples containing more than 100 ppb, even in areas with several +1 ppm Au rock chips.

Previous Work
Meridian Gold explored the property in 1988 with mapping, rock chip sampling, soil sampling, and the drilling of 8 rc holes. The best results from the drilling were 30 of 0.65 grams/ton (0.021 oz/t) Au with 15.5 grams/ton (0.5 opt) Ag. Meridian had a very narrow effort, only sampling and mapping an area of about 2500 feet by 1200 feet. Their drilling was even more focused testing only 600 feet of strike length of the jasperoid zone. FMC Gold later extended the soil grid to the north, east, and south.

Targets
Meridian’s work only started exploration at the Golden Brew project. They did not test approximately 2000 feet of the mineralized WNW structure including the area with the strongest soil anomalies nor did they test the NS fault. In addition, FMC’s soil sampling extended several of the gold anomalies into areas that have yet to mapped, sampled, or drilled. Several drill targets exist currently on the property and it is believed that with further work more targets will be discovered.
 
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