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HISTORY

Northern Nevada contains one of the world's largest concentrations of gold deposits. In 1960, Ralph Roberts of the USGS first identified the important structure controls that lead to the discovery of gold at Carlin in what has now been referred to as the Carlin-type deposit. Since the recognition of this type of deposit many similar mines have been discovered in a number of important linear trends such as the Cortez Trend, the Getchell Trend and the Independence Trend. The Beowawe Gold Property lies within the Cortez Trend.

GEOLOGY

The Beowawe Gold Property has a number of similarities to the nearby Mule Canyon deposit and the Ken Synder deposit. The claim block is of sufficient size to host similar sized deposits. The property covers the intersection of the Northern Nevada Rift and the prominent Malpais range-front fault zone, both of which are normal faults active since the Miocene. The immediate area hosts large, gold-rich epithermal deposits including Newmont's Ken Snyder and Mule Canyon operations. Mule Canyon is a volcanic-hosted low-sulphidation epithermal deposit, located 8 km northwest of Beowawe with pre-mining reserves of 8,200,000 tonnes averaging 3.8 g/t Au. Significant parts of the deposit were in excess of 1 oz/t Au.

Major fault structures on the property are oriented northeast and northwest. Cross cutting relationships are evident from alteration, mineralogy and geophysical signatures from ground magnetics and geological mapping. The intersections of the structures appear important in acting as major fluid conduits for the hydrothermal system including the present day geothermal activity.

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