For thousands of other reports visit RSC's Mineral Intellingence Map
Timberline Resources Corp.
Summary
| Project: | Paiute | |
|---|---|---|
| Deposit: | Paiute | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2018: Timberline Resources Corp. announces a Supporting Acquisition report for its Paiute deposit at the Paiute project. Summary of property in support of JV with Barrick. The Battle Mountain district has been a source of base and precious metal pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Bidgood (Independent) | |
| ABSTRACT: | The Battle Mountain district has been a source of base and precious metal production since the late 1800’s. In the 1960’s Duval Corporation developed and began mining several porphyry-skarn coppergold deposits located at Copper Canyon and at Copper Basin in the southern and northern part of the district. Exploration in the 1970’s and 1980’s led to the discovery of gold-silver, skarn-replacement deposits that are spatially related to the copper-gold deposits. Newmont currently mines gold and copper at Phoenix Mine. Battle Mountain Gold Company and its predecessors held the Paiute property through the early 1990’s and drilled nine reverse circulation holes within the current claim block. A best intercept of 100 feet (30.5 m) with 925 ppb gold was noted in their drilling. LAC relocated the claims in late 1992 and conducted basic field work in 1993 that included geologic mapping, rock and soil sampling, and ground magnetics. In late 1994 they completed a nine hole reverse circulation drilling program to test the main soil anomalies on the property. One drill hole reported 20 feet (6.1 m) of 0.038 opt gold from 20 to 40 feet (12.2 m) that was associated with a narrow vein-like structure in the Harmony Formation (Hardisty, 1999). Pathfinder Exploration joint ventured the property from LAC in early 1995 and completed infill mapping and sampling and target definition (Turner, 1996). First pass drilling intersected a 200 (61 m) foot zone of 411 ppb gold in drill hole ICBM-95-1 within a quartz-actinolite-sulfide veined granodiorite stock or sill. Follow-up reverse circulation drilling by Pathfinder in 1996 was highlighted by hole 96-5 which intersected sericitized, chloritized, amphibole-rich monzonite/granodiorite porphyry with secondary biotite from 450-490 feet (137.1 – 179.8m). Mineralization within the last 15.1 feet (4.6 m) of the hole averaged 0.035 oz/t Au (1.24 g/t) and was accompanied by increased silicification and sulfides (chalcopyrite, pyrite, arsenopyrite,) Petrographic work by Larson (1996) identified silicified, sulfidic (pyrite, chalcopyrite), quartz/calcite veined quartz monzonite porphyry, Cambrian sandstone/quartzite (Harmony Formation) and diabase lithologies, along with a skarn dominant monzonite or granodiorite porphyry with “significant percentages of pyrite, chalcopyrite, and chalcocite”. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report