Golden Trail, Elko County, Nevada
Location, Status & Access
Golden Trail (“Golden Trail” or the “Property”) is a gold exploration project located in the northeastern part of Elko County, about 70 kilometers northeast of Wells, Nevada, and access is from Wells via Highway 93 and the Thousand Springs and Rock Springs Roads. Golden Trail is 100% owned with no royalties outstanding and consists of 30 claims (620 acres) that are now contiguous with the north-east part of the Northern Nevada Lithium Project.
Geology, Mineralization & Work Done
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, and continuous 5 foot trench samples returned 13.7 grams gold per ton “g/t” with 36.2 g/t silver in one 5 foot trench, and 3.49 g/t gold with 105 g/t silver in a second 5 foot trench.
A major gravity anomaly underlies Golden Trail as shown on the map below. This is derived from a regional USGS survey and the gravity anomaly is interpreted by the USGS to be a shallow pluton or magmatic intrusion. A more recent detailed Peloton gravity survey shows a change in gradient along the western boundary of the NW striking gravity anomaly and a series of coincident surface hydrothermal alteration anomalies have been identified through hyperspectral airborne and surface technology and geochemical sampling. These anomalies occur in the hanging wall of NW striking and NE dipping high-angle normal faults, are high in ammonia illite and alumina illite which are often associated with Carlin-style deposits, and geochemistry shows elevated pathfinder elements and gold mineralization.
2020-21 – The Company drilled 2,400 feet of reverse circulation drilling to test coincident anomlies shown in red dots on the map below. The anomalies drilled in this program are coincident, in that geology, mineralogy, geochemistry and geophysics intersect to suggest these targets. In mid-June, 2021 the Company confirmed that these hydrothermal alteration anomalies extend to at least a vertical depth of 195 feet, with high temperature hydrothermal alteration minerals intersected in all of the drill holes as well anomalous gold, silver (average 0.98 g/t; range 0.08 to 8.52 g/t; 420 analyses) and pathfinder elements.
2023-24 – The Company conducted a deep AMT geophysical survey that has identified conductive zones. This data will be modeled and inverted for the selection of deeper drilling targets.
The large pink area above represents a major gravity anomaly that underlies the Golden Trail Project, which is interpreted as a magmatic intrusion. The red and greed “dotted” areas are surface Carlin style hydro thermal anomalies (aluminum illite and ammonio-illite alteration).
Golden Trail was a featured project at the 2015 Geologic Society of Nevada (GSN) Symposium
Richard C. Capps, PhD, is the qualified person responsible for approving the technical information contained on this page.
NI 43-101 Technical Report, October 30, 2018, R. Capps, PhD.
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GSN 2015 Paper - Gold Mineralization at the Golden Trail Project, Northeastern Elko County, Nevada, R. Capps, P. Noble, and C. Jorgensen
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