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Lode-Star Mining Inc.
Summary
| Project: | Goldfield Bonanza | |
|---|---|---|
| Deposit: | Goldfield Bonanza | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2020: Lode-Star Mining Inc. announces a Supporting Acquisition report for its Goldfield Bonanza deposit at the Goldfield Bonanza project. Technical report on project. The Goldfield Bonanza Project controlled by Lode-Star Mining, Inc. is a high-grade | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert M. Hatch (Independent) | |
| ABSTRACT: | The Goldfield Bonanza Project controlled by Lode-Star Mining, Inc. is a high-grade gold exploration and small mine development project located in the famous Goldfield Mining District in west-central Nevada. Historical production from the district is estimated to be 4.2 million ounces (130 t) of gold and included some of the highest-grade gold ores ever mined in the United States. Goldfield Bonanza consists of an historic group of patented mining claims located along the west and south sides of the “Goldfield Main District,” a small area that included the largest and richest past-producing mines at Goldfield. The property controlled by Lode-Star Mining is the only large land position in the “Main District” not controlled by Waterton Global Resource Management, Inc. Waterton (as Gemfield Resources, LLC) is currently advancing their nearby Gemfield Project towards large scale, open pit, heap leach production with measured and indicated “mineral resources” of 600,000 ounces averaging 0.88 g/t. Waterton also has measured and indicated resources for an open pit on their Goldfield Main District property of 775,000 ounces gold averaging 1.12 g/t1 . Lode-Star Mining’s near-term objective is to develop and mine high-grade gold mineralization as was historically mined in the Goldfield Main District. Demonstrating that extraordinary grade mineralization still exists on the Goldfield Bonanza property are drill intercepts in core holes drilled in 2011 that returned 9.5 ft (2.9 m) averaging 40.8 oz/ton (1.56 kg/t) gold, 4.5 ft (1.37 m) averaging 51.46 oz/ton (1.76 kg/t), and 9.5 ft (2.9 m) averaging 26.8 oz/ton (918 g/t). | |
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