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)
- 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
SEGB - Overlapping Styles of Mineralization
- Carbonate replacement deposits (CRD) & skarns related to Cretaceous intrusive activity (107 Ma)
- Carlin-type mineralization occurred during the Eocene (36 Ma)
- A major upside for the SEGB is the overprinting nature of younger Carlin-type mineralization on older CRD deposits
- 52 CRD districts in the USA revealed average grades of 3.16 g/t Au; the average production grade in the SEGB for CRDs is 28.3 g/t Au
- The Jewel Ridge property contains CRD, Carlin-type and overlapping CRD-Carlin-type mineralization
Property Geology
The deposit types of interest at Jewel Ridge are Carlin-type, sedimentary rock-hosted, gold deposits and carbonate replacement deposits. Carlin-type deposits include many deposits that occur in the Battle Mountain-Eureka Trend, Carlin Trend and other well-known mineral trends in north central Nevada. Dunderberg Shale – Hamburg Dolomite contact hosts majority of deposits on the property & at deposits currently being drilled by I-80 Gold, Paycore Minerals and Timberline Resources. North-trending structures from Paycore & I-80 Gold properties trend onto Jewel Ridge, while Pogonip group limestones host nearby Archimedes deposit (1.5M oz. Au) on I-80 property. The Jewel Ridge property hosts numerous mineral occurrences & historic mines.
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 Area | Hole ID | From (m) | To (m) | Length (m) | Au (g/t) |
| Eureka Tunnel | JR-20-12DD | 0 | 24.54 | 24.54 | 9.16 |
| Incl. | 15.21 | 18.44 | 3.23 | 57.16 | |
| Eureka Tunnel | JR-21-16DD | 0 | 25.54 | 25.54 | 4.37 |
| Incl. | 10.68 | 18.78 | 8.1 | 8.93 | |
| Incl. | 12.41 | 15.09 | 2.68 | 20.3 | |
| Eureka Tunnel | JR-21-23DD | 0 | 96.13 | 96.13 | 0.51 |
| Eureka Tunnel | JR-21-25DD | 0 | 126.83 | 126.83 | 0.41 |
| Eureka Tunnel | JR-21-30DD | 0 | 15.67 | 15.67 | 2.76 |
| Eureka Tunnel | JR-22-32DD | 0 | 51.51 | 51.51 | 0.68 |
| Eureka Tunnel | JR-20-06 | 0 | 22.86 | 22.86 | 2.798 |
| Hamburg | JR-22-36DD | 42.64 | 110.22 | 67.58 | 2.37 |
| Incl. | 42.64 | 68.92 | 26.28 | 5.38 | |
| Incl. | 56.66 | 65.23 | 8.57 | 10.72 | |
| Hamburg | JR-20-02 | 135.64 | 182.88 | 47.24 | 0.5 |
| Incl. | 152.4 | 167.64 | 15.24 | 0.96 |
Exploration Targets
Discovery Corridor
Both I-80 Gold & Paycore Minerals Have Recently Alluded to a Prospective Discovery Corridor (Blue Dashed Lines) Centred Around the North-Trending Jackson Fault
- All of the Archimedes, Ruby Deeps, Hilltop, 426 and Blackjack deposits are contained within the broad corridor
- The FAD deposit is situated within the corridor as well
- The southern extension of the corridor trends directly onto the Jewel Ridge property of GLM
Lack of Deep Drilling
A total of 451 drill holes completed at Jewel Ridge to date:
- 312 holes drilled to a depth of 150 metres or less(69.2%)
- 128 holes drilled to a depth of 300 metres or less (28.4%)
- 10 holes drilled to a depth of 400 metres or less (2.2%)
- 1 hole deeper than 400 metres (0.1%)
Given the depths of bonanza-grade CRD intercepts obtained by I-80 Gold and Paycore Minerals at 500 to 600 metres below surface, there is a real need for deeper exploration and drilling at Jewel Ridge.*
2023 Exploration Priorities
- Continue with district-scale compilation
- Continue with assessing property-scale mineral occurrences for additional diamond drilling
- Complete CSAMT survey when access & weather conditions permit
- Complete UAV drone magnetic survey
- Modeling of CSAMT and UAV drone magnetic data and integrate into a 3D model with all other exploration data to assist in determining deep drill targets
- Follow-up diamond drilling program
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