Texas Canyon, Elko County, Nevada
Texas Canyon is comprised of a 909-acre claim package located in Elko County, Nevada on the northeastern margin of the Long Canyon Gold Trend, about seven kilometers west of the Company’s Golden Trail Project, and about 55 kilometers north of the Newmont-Barrick Long Canyon Joint Venture.
Texas Canyon is centered on a broad zone of structurally controlled hydrothermal alteration, including decalcification and silica replacement of the limestone, localized along numerous northeast-striking high-angle veins and in bodies of clast-supported polyphase hydrothermal breccia and adjacent hydrothermal replacement zones. Silicification is common to all areas of anomalous gold mineralization and occurs within strongly altered limestone and breccia that is younger than the high angle structures that it cuts.
A primary drill target on Texas Canyon is a roughly circular radiometric geophysical anomaly coincident with polyphase breccia centered on the historic Prince uranium mine and anomalous in gold, molybdenum (detection level up to 1660 ppm), and uranium mineralization (up to 7 percent in historic data and from detection up to 1% in recent surface sampling). Mineralization is related to subvertical bodies of hydrothermal breccia and alteration and likely along synvolcanic graben/caldera related structures. Coincident late gold-molybdenum-uranium mineralization is associated with the polyphase breccia. The yellow circle on the geology map and the radiometrics survey map below is the primary area for drilling.
Work completed on Texas Canyon includes detailed geologic mapping, surface sampling and geochemistry, a surface magnetics survey, a surface radiometrics survey, an airborne hyperspectral survey and followup surface hyperspectral analysis of hydrothermal alteration anomalies. The project is summarized in this abstract prepared for the Geologic Society of Nevada (GSN) Virtual Symposium 2020: Texas Canyon Project, Northeastern Elko County, Nevada, Richard C. Capps, Paula J. Noble, and Clark Jorgensen