Poker Flats, Carlin Trend, Nevada

Location

The Poker Flats properties are located approximately 20 miles south-southwest of Elko, Nevada, and comprise two non-contiguous blocks containing 97 unpatented lode mining claims, covering approximately 3,600 acres. All of the claims are within the Carlin Mining District in Elko County.  Additionally, the Company has completed two separate transactions with local land owners securing Private Land and Mineral Rights and Private Land Surface rights adding a strategically important land grab to this project footprint.

The Company now owns 75% majority interest of the Poker Flats property which is surrounded by Gold Standard Ventures on the werstern border, Newmont’s Emigrant Springs project on the northern border and many other productive projects including Newmont-Rain, Fronteer Saddle, and Allied-Boullion.

Previous geophysical and geological interpretations indicate that the Poker Flats property has favorable characteristics for Carlin-type mineralization.

Since the property is situated adjacent to other current gold mining properties such as Pinyon and Railroad, and the mineralized host rocks appear similar to Newmont’s Rain Mine deposit, additional exploration expenditure is justified.

Additional drilling, geophysical and geological work is planned under a two-phase exploration program.

*Operated by Barrick Gold Corporation (trading on NYSE and TSX) and Newmont Mining Corporation (trading on the NYSE and TSX).

Exploration Goal

  • To identify a 500,000 to 1,000,000 ounce open-pit mining resource.

Key Facts

  • The property has a National Instrument (NI) 43-101 technical report.
  • According this report, exploration focus at Poker Flats will be on Carlin-type mineralization, which typically occurs as finely dispersed sub-micron gold and some silver.
  • Major mining projects currently exist both north and south of the Poker Flats prospects respectively*.

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