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Overview
After three very successful years of drilling and delineating a sizable gold mineral resource at the Company’s 100% held advanced exploration stage Fondaway Canyon gold project, the Company is in the process of defining and evaluating that exploration success.
Investment Highlights
- Advanced Exploration Project at Fondaway Canyon – a historic gold producer with a large resource and excellent upside
- Located in Nevada – A top global mining jurisdiction
- Drilling Accomplishments – Continued success and multiple new gold zones discovered
- Experienced Technical Team
- High Intrinsic Project Value – Fondaway Canyon Mineral Resource Estimate*: 648,000 oz Au Indicated and 1.67 Million oz Au Inferred
- Discovery Upside – Mineral Resource at Fondaway Canyon open along strike and dip
2024 Major Activities – Fondaway Canyon
- Bulk Density Sampling Program – 2024 field program increased the mineralized host rock’s bulk density by 7%
- 2024 Updated Mineral Resource Estimate (“2024 MRE”) – Incorporated upgraded bulk density and 8 drill holes not included in 2023 MRE
- Modernize Metallurgy – to determine an optimized processing pathway and plant design
- Produce a Maiden Preliminary Economic Assessment – Major Milestone targeted for Fall 2024
*Notes on the 2024 Mineral Resource Estimate are provided on the Fondaway Canyon Project’s page