independence valley project
The Independence Valley Project is a 38 mineral claim package comprising 785 acres and located in Elko County, Nevada, about 77 miles south of the Company’s Golden Trail Project and about 29 miles south of Newmont’s Long Canyon Project. It is 100% owned by the Company and has no royalty obligations.
On the Independence Valley Project, some additional geologic mapping was completed in late 2016 and an NI 43-101 report was initiated. The Company plans to complete Induced Polarization (“IP”) geophysics at Independence Valley during the spring-summer of 2017 and incorporate that data into a final NI 43-101 report.
The Independence Valley Project is centered on the largest untested rhyolite dome in the Spruce Mountain Mining District which is located in the southwestern Pequop Mountains. The Spruce Mountain Mining District contains many historic base and precious metals mines and has been mined since the 1840's. Rhyolite and granitic intrusive rocks are found in almost all of these mines and intrude the mineralized structures at the same time as the mineralization or just afterward. The rhyolites could be considered the smoking gun for mineralization within the Spruce Mountain mining district and the focus of planned IP geophysics will be to identify drill targets within and around the rhyolite dome.
Richard C. Capps, PhD, is the qualified person responsible for approving the technical information contained within this page.