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Stevens Gold Nevada Inc.
Summary
| Project: | Black Point | |
|---|---|---|
| Deposit: | Black Point | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 7/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-7-2019: Stevens Gold Nevada Inc. announces a Supporting Acquisition report for its Black Point deposit at the Black Point project. Summary of property in support of acquisition. The Black Point property, a group of 80 contiguous lode mineral claims (Bla | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Anthony P Taylor (Independent) | |
| ABSTRACT: | The Black Point property, a group of 80 contiguous lode mineral claims (Black 1-15, BKP 1-65), with an area of 1600 acres, lies along the western edge of the Diamond Mountains range in Eureka County, east-central Nevada (the “Black Point Property”). Optioned by Stevens Gold Nevada Inc. (“Stevens Gold”), the prospect area is readily accessible by gravel roads 11 miles NNE of the town of Eureka, Nevada. Upper Paleozoic sedimentary rocks are well-exposed on the eastern flank of the property while the majority of the claims cover young basin sediments. North of Black Point, a full Upper Paleozoic sedimentary sequence, predominantly Devonian dolomites and limestones, is exposed in a westerly-dipping, overturned fold limb. Sedimentary rocks east of the property are cut-off by a major NW-SE fault north of Pedrioli Creek. At Black Point, only sliced portions of the Upper Palaeozoic units remain, sandwiched between a series of west-dipping thrust faults. Carbonate-rich rocks, mostly dolomites and limestones form the bulk of the Devonian sedimentary sequence there, but it includes a silty unit, the Mississippian Pilot Shale. There are indications of more steeply-dipping faults on the Black Point Property, but detailed mapping is required to confirm their presence. Silica and other forms of hydrothermal alteration, is ubiquitous, becoming more intense towards the south where it forms massive jasperoids, completely replacing sediments. The Pilot Shale, a calcareous, silty rock, is potentially the best host rock in the Black Point area for the type of disseminated gold mineralization mined in the Alligator Ridge-Yankee belt, approximately 18 miles east. The other type of gold target possible at Black Point is structurally controlled mineralization along either shallow-dipping thrusts and/or steeper-dipping to vertical faults. In the Carlin District, the main producing area in Nevada, high-grade, structurally controlled deposits are mined underground and this deposit type now produces more than 40% of the State’s production. | |
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