Independence Valley, Elko County, Nevada
Kinross Gold Corp. is the JV Partner on Independence Valley and may earn a 75% interest by spending US $4 million in exploration over 6 years.
Independence Valley is comprised of 1,160 acres located in Elko County, Nevada on the Long Canyon Gold Trend and about 29 miles south of Newmont’s Long Canyon Project.
Independence Valley is also within the historical Spruce Mountain mining district which hosted many historic base and precious metals mines since the 1840’s. The Spruce Mountain deposits have typically been associated with rhyolitic and granitic intrusive rocks which Peloton believes are the “Smoking Gun” – indicating the location of the structural feeders for both the granitic magmas and gold-silver bearing mineralized fluids.
Independence Valley hosts the largest untested Rhyolite Dome in the Spruce Mountain Mining District.