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
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 |
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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