Geology & Mineralization

The Goldbanks project is situated along the prolific Northern Nevada Rift (NNR) structural trend, host to numerous Miocene-aged low-sulfidation epithermal deposits, including the Midas (~5.0 Moz Au) and Sleeper (~2.5 Moz Au) gold mines. The property has seen near continuous exploration from multiple operators since discovery of the shallow oxide Main Zone deposit in the 1980’s and is currently one of the largest known epithermal systems in the NNR trend without a defined high grade feeder vein. The property is host to numerous gold prospects, several past-producing mercury and antimony occurrences, and two potentially open-pitable resource areas; the Main Zone and satellite KW zone (Ellis and Stroup, 2015). The majority of gold mineralization is found in a Miocene-age, northerly-trending graben. The Golden Devil was a conceptual target developed by Kinross exploration in 2012 and subsequently drilled in 2013 to test the western margin of the basin model. All three intersected a brecciated mafic dike complex of unknown age containing multiple intercepts of >10.0 g/t Au with a highlight vein intercept of 192.00 g/t Au and 10,850.00 g/t Ag across a drilled length of 1.1 m.