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Getchell Gold Corp.
Summary
| Project: | Hot Springs Peak | |
|---|---|---|
| Deposit: | Hot Springs Peak | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-5-2018: Getchell Gold Corp. announces an Exploration/Drilling Update report for its Hot Springs Peak deposit at the Hot Springs Peak project. Summary of property in support of listing on CSE. The Hot Springs Property consists of 98 unpatented lode minin | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Master (Independent) | |
| ABSTRACT: | The Hot Springs Property consists of 98 unpatented lode mining claims owned by Buena Vista Minerals Inc. in the northern Hot Springs Range in northern Nevada and 4 claims leased from a private owner. The property is an early stage gold exploration project with little drill data, although indications of a “Carlin Style” alteration system in Mesozoic Age phyllite-argillite are present and untested in more favorable carbonate host rocks under and adjacent to the phyllite. A second intrusive related model has emerged from field investigation of the project. There are no gold resources delineated on the project and a few poorly documented gold occurrences from prospect pits. Regional magnetic data shows what is believed to be an alteration low on the property and has been partially tested by past core drilling at one location and intense alteration has been confirmed at shallow depths above 150 meters. The current exploration model is to explore with geophysics and drilling for a “Carlin Style” gold deposit using Turquoise Ridge as the nearby deposit model. The Turquoise Ridge Deposit has similar alteration and the property is aligned magnetically to the Getchell Fault Trend hosting the deposit. The confirmation of gold mineralization in shear zones within the 1-mile (1.6 km) long trend of mines and prospect pits surrounded by hornfels alteration is indicative of intrusive related mineralization. | |
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