Dixie Comstock, located in Churchill County, Nevada, consists of 26 unpatented lode claims. It also has evidence of some historic mining but no records of production are available.
A historic* 1991 geologic and mining study completed by Mine Development Associates of Reno, Nevada, in March 1991 estimated a geologic resource containing 146,000 ounces of gold in 4.26 million tonnes grading 1.063 g/t Au at a cut-off grade of 0.34 g/t Au.
*The historic geologic resource estimate is contained within a report dated March 1991 commissioned by Horizon Gold Corporation. The resource estimate was compiled only from drill holes (179 holes totaling 19,679 m), a sufficient amount to deem the historic resource as reliable. The kriged block model was constructed based on a N45E major axis direction with a 30 degree dip and clipped using three separate mineralized zones (high grade, low grade and hot springs mineralization) with a minimum 0.01 opt (0.34 g/t) Au cut-off. No capping or cutting of grades was applied. The tonnage and grade estimate stated herein is 'historic' as defined by NI43-101 and did not use resource classifications in accordance with NI 43-101 standards, instead a single indivisible resource category was defined, a 'Geologic Resource' A qualified person for Getchell has not done sufficient work to classify the historical estimates as current mineral resources and the Company is not treating these historical mineral estimates as a current estimate for mineral resources. Additional work will need to be undertaken to verify the historic estimates and classify them as current resources.
Below are select drill hole intercepts:
*These are historic drill results obtained from previous operators. A qualified person for Getchell has not done sufficient work to confirm these results.