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Project Highlights

  • Demonstrated regional and district-scale endowment for precious & base metals
  • Local metal endowment at Jewel Ridge with excellent, shallow drill results
  • Presence of CRD and Carlin-type mineralization
  • Overprinting of Carlin-type mineralization on older CRD mineralization enhances the precious-metal grades
  • Excellent access enables exploration year-round
  • 100%-owned less NSR (can be purchased down to 1%)

Project Overview

The Jewel Ridge property spans 728 hectares and is located on the south end of Nevada's prolific Battle Mountain - Eureka trend. The property is located in a proven mining district near excellent infrastructure with ready road accessibility and ease of access allowing for cost-effective exploration activities nearly year-round.

Region Highlights

  • Battle Mountain – Eureka Gold Trend, one of the premier gold producing belts in the world
  • Extensive CRD mining since late 1800s with remaining multi-million ounce Au & Ag potential, excellent base-metal potential
  • Carlin-type & CRD gold deposits are present within the belt
  • Nevada Gold Mines, I-80 Gold, McEwen Mining, SSR Mining are major players in the belt
  • GLM Jewel Ridge Property – located at the south end of the belt

South Eureka Gold Belt

Four publicly-traded companies are currently exploring in the SEGB:

  • I-80 Gold 7.73M oz. Au (combined, non 43- 101 compliant) from deposits within the Ruby Hill Complex, outstanding recent drill results from numerous deposits
  • Paycore Minerals 1.6M oz. Au & 38M oz. Ag recovered from 1.8MT (historic production), outstanding recent drill results from the FAD deposit
  • Golden Lake Exploration 57.2 g/t Au, 452 g/t Ag, 7.2% Pb & 12.0% Zn over 3.2M (Eureka Tunnel) & 10.72 g/t Au over 8.6M (Hamburg)
  • McEwen Mining (Pending takeover of Timberline Resources)
    28.9MT @ 0.41 g/t Au totaling 0.58M oz. Au (Measured & Indicated)
  • Over 10M oz. Au is present over a 10 km strike length with the SEGB with excellent upside potential

Historic Drilling

  • Historic drill intercepts are from the Jewel Zone are an example of Carlin-type mineralization
  • Au mineralization has been defined over a strike-length of over 700 metres with the zone remaining open along strike and to depth

2020 - 2022 Drilling

Gold grades in JR-20-12DD and JR-22-36DD are examples of overprinting of Carlin-style mineralization on older CRD mineralization:

Target AreaHole IDFrom (m)To (m)Length (m)Au (g/t)
Eureka TunnelJR-20-12DD024.5424.549.16
Eureka TunnelJR-21-16DD025.5425.544.37
Eureka TunnelJR-21-23DD096.1396.130.51
Eureka TunnelJR-21-25DD0126.83126.830.41
Eureka TunnelJR-21-30DD015.6715.672.76
Eureka TunnelJR-22-32DD051.5151.510.68
Eureka TunnelJR-20-06022.8622.862.798

2024 Exploration Priorities

  • Several quality target areas were defined by the geophysical surveys in combination with legacy drilling and exploration data supplementing them
  • Many of the targets defined and supplemented by the geophysical surveys are at significant depth (300M below surface) & beyond the current depths of drilling completed at Jewel Ridge

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