golden trail project
elko county, nevada
The Golden Trail Property (“Golden Trail”) is situated on the North Eastern Nevada Gold Trend (also called the Pequop Gold Trend), a recently identified gold trend in north-eastern Nevada that in 2011 saw Newmont Mining Company (“Newmont”) take over the former owner of the Long Canyon property, 52 miles south of the Golden Trail for a reported $US2.3 Billion.
Also on the North Eastern Nevada Gold Trend, Pilot Gold has made a significant discovery at Mount Kinsley which is 50 miles south of Long Canyon.
The Golden Trail comprises 16 unpatented contiguous mining claims that total about 320 acres. The Golden Trail is 100% owned by Peloton, is not subject to a royalty of any kind, and the annual minimum cost to carry this project is a total of $US2,240 in government claim filing fees.
In late 2016, Peloton began a core drilling program and plans to complete the program in 2017. The program is designed to establish structural and zonation controls on mineralization along generally northwest-striking trends of mineralization and alteration. The largest of these zones, the Golden Trail Vein (GTV), cuts calcsilicate hornfels, marble, and hydrothermally altered limestone central to, and contiguous with, a strong northwest striking gravity high. The GTV extends over 1,200 meters in length with an associated alteration zone averaging 30 meters wide. Gold values above 20 ppb are common with several samples assaying above 9 g/t Au and one above 28 g/t Au. Continuous 1.5 meter channel samples returned 13.7 grams gold with 36.2 grams silver in one 5 foot trench, and 3.49 grams gold with 105 grams silver in a second 5 foot trench. In weathered and oxidized outcrop samples, elevated Ag, As, Sb and Tl values accompany Au in iron-rich zones.
Early results from the drill core showed anomalous and coincident values in gold, silver, arsenic, antimony, and thallium in most of the 121 core samples. As a group, these five elements are considered indicators of Carlin-type mineralization. All rock types are strongly hydrothermally altered breccia, limestone, and calcareous siliciclastic sedimentary rocks. Surface outcrops are limited and more drilling is required to confirm structural and zonation controls on mineralization in three dimensions.
In order to guide exploration drilling, Peloton geologists are integrating the recent multi-element geochemistry and assays from drilling with hyperspectral mineralogy of the drill core and earlier hyperspectral analyses of outcrop samples, both by Terracore, Inc., and recent airborne hyperspectral mineralogical data by SpecTIR LLC. These combined technologies have been shown to improve exploration success in lithologically similar and structurally complex settings such as the Long Canyon gold deposit in the Pequop Mountains to the south of Golden Trail.
Mineralization at the Golden Trail Project is similar in geologic setting, host rock lithology, alteration and gangue mineralogy, and geochemistry to sedimentary rock-hosted gold deposits and especially gold mineralization typical of eastern Nevada, including the Carlin-type Long Canyon gold deposit in the Pequop Mountains.
In May, 2015 the Geological Society of Nevada Symposium 2015 Published a Paper on the Golden Trail Project Under Carlin-type Deposits Section Titled "Gold Mineralization at the Golden Trail Project, Northeastern Elko County, Nevada, R. Capps, P. Noble, and C. Jorgensen"
In May, 2012 an NI-43-101 report was published on the Golden Trail Project by Richard C. Capps, PhD. View Golden Trail NI-43-101 Report.
A report prepared by Richard C. Capps, PhD describing geochemical survey work noted similarities between gold mineralization at Golden Trail and recently discovered gold deposits in the Pequop Range, Elko County, Nevada (Long Canyon) including:
- Mineralization at Golden Trail is within a thick sequence of Paleozoic carbonate rocks similar to the stratigraphic section in the Pequop Mountains to the south of the Golden Trail and the location of Newmont's Long Canyon Gold Deposit.
- These Paleozoic strata are strongly and complexly deformed by mid-Mesozoic orogenic (compressive) tectonics and subsequent metamorphism at deeper crustal levels.
- Tertiary extension and accompanying magmatism produced focused pathways such as normal faults and detachment zones and repositories for subsequent, regionally mostly Eocene, mineralizing solutions, forming large locally mineralized dissolution cavities and siliceous breccias.
- The intimate association of Au, Ag, As, Sb, and Tl at Golden Trail and at the Long Canyon deposit is a typical association for sediment hosted gold deposits in the Great Basin (Carlin Deposits) and their deposition is considered cogenetic (Example: arsenian pyrite, arsenopyrite, and marcasite co-deposited with gold).
Gravity Anomaly Underlying Golden Trail Claim Block