Maestro Ventures Ltd. - Kings Canyon & New Butte

Kings Canyon & New Butte

Kings Canyon & New Butte

Location
The Kings Canyon and New Butte properties are located in west-central Utah and currently encompass approximately 3,885 acres of unpatented claims and a state minerals lease. The property covers 1,940 acres at Kings Canyon held under option with Palladon Ventures Ltd., which adjoins 1,525 acres held under option with Crown Resources Corp. of Colorado The New Butte property is located 10 miles (16 km) southwest of Kings Canyon and consists of 21 claims over 420 acres. The Palladon claims enclose the block of claims held by Crown Resources.

Historic Resource
Maestro estimates that the Crown property contains an inferred historical resource of 6,800,000 tons at a grade of 0.03 oz/ton gold (204,000 ounces), using a cutoff of 0.010 oz/ton. Maestro has not reviewed or verified this historic resource estimate and is not treating it as a NI 43-101 defined resource verified by a Qualified Person (“QP”). The historical estimate should not be relied upon.

Mineralization
Gold mineralization is a Carlin-style system hosted at shallow depths in Paleozoic carbonate rocks and controlled by steep feeder faults. Features at Kings Canyon that are consistent with a disseminated, sediment-hosted Carlin-type mineralization include: widespread gold-bearing jasperoids, gold hosted in Paleozoic carbonate-rich sediments, “invisible” or presumably micron-size gold, lack of quartz veins, apparent fluid control by steep faults, anomalous As, Sb, Hg, and Ba values, weak to nil base metal values, low silver values, and dominant argillic/decalcification alteration in Crown’s mineralized zone.

The defined mineralization appears to be controlled by west-northwest trending faults that show modest jasperoid development at the surface. Many similar mineralized faults have been delineated elsewhere on the property, defining numerous untested in areas where the favorable horizon is at very shallow depths. The property has the potential to host several hundred thousand to over a million ounces of near-surface oxide gold mineralization with likely low production costs.

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