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Aintree Resources Inc.
Summary
| Project: | Tonopah | |
|---|---|---|
| Deposit: | Tonopah | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-8-2017: Aintree Resources Inc. announces an Exploration/Drilling Update report for its Tonopah deposit at the Tonopah project. Technical report summarising exploration work to date on the Tonopah Project. The Tonopah property encompasses 4,054 acres in | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas C. Matthews (Gustavson Associates) | |
| ABSTRACT: | The Tonopah property encompasses 4,054 acres in the Ralston Valley, on the northeast side of the San Antonio Mountains in central Nevada, located approximately 20 miles northeast of the town of Tonopah in Nye County (Figure 4-1). 1.2 Ownership The Project consists of 444 unpatented lode claims covering an area of 4,054 acres. All unpatented claims are 100% controlled by Aintree; copies of the individual claim notices and location maps are on file with the central BLM office in Reno, Nevada, and with the Nye County Recorder’s office in Tonopah, Nevada. The list of claims is included as Appendix C – List of Claims Surface geology at the Tonopah Property is dominated by valley fill deposits including alluvium, colluvium, sand dunes and playa deposits. With the exception of a single outcrop, the gold-bearing altered and mineralized zones of the Tonopah deposit are masked by these Quaternary deposits. Drilling indicates that the surface sediments are underlain by several rhyolitic to mafic Tertiary volcanics units, which nonconformably overlie Ordovician argillites of the Palmetto formation. The Tonopah property contains a low-sulfidation epithermal gold system with near vertical quartzadularia-gold veins hosted by the Palmetto Formation and the overlying Tertiary rhyolitic volcanics. Gold bearing veins occur in a series of en echelon clusters along a 1.5-mile northwest-trending band of mineralization. The main altered and mineralized zones are overlain by alluvial gravels, sand dunes, and playa deposits. An idealized stratigraphic column based on drill core logs is presented in Figure 7-3. Alteration and mineralization at the Tonopah property are typical of low-sulfidation, volcanic-hosted epithermal gold deposits found elsewhere in Nevada and around the world. The deposit type is characterized by overall low original sulfide content, and quartz-adularia and clay-sericite alteration assemblages, among others. Vein textures are indicative of high level, near surface emplacement and include void fills, crustiform coatings, colloform banding, and comb structures. Similar deposits in Nevada have proven to be economic, including the Midas and Bullfrog deposits. The proximity and similarities of the Tonopah property to other gold deposits does not, on its own, indicate that the Midway property should be similarly mineralized. | |
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