Golden Trail, Elko County, Nevada
Golden Trail was a featured new project at the 2015 Geologic Society of Nevada (GSN) Symposium.
Golden Trail is situated on the Long Canyon Gold Trend in north eastern Nevada, about 50 miles north of the Newmont Long Canyon Project acquired in 2011 by Newmont through a $2.3 Billion take-over of Fronteer Gold. The recent Mount Kinsley discovery is 100 miles south of Golden Trail and also on trend.
Golden Trail is 100% owned, with no royalties outstanding, and is comprised of an 890 acre claim package. Extensive surface exploration has identified Carlin style alteration and many geologic similarities to Long Canyon.
The largest identified gold vein at surface, the Golden Trail Vein (“GTV”), is over 1,200 meters long and has an associated alteration zone that averages 30 meters wide. Over 900 grab samples have been taken along the GTV assaying from anomalous to 28 grams gold. Continuous 5 foot trench 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.
Peloton geologists are presently integrating the recent multi-element geochemistry and assays from limited 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.
Permitting: Golden Trail has a drilling permit in place, issued by the Bureau of Land Management. This permit is valid until January 31, 2020 and application to extend may be made at that time.