Vancouver — Just days after granting
The Clover project lies 11 miles east of Newmont’s Ken Snyder mine (2.7 million tons grading 1.23 oz. gold and 14.13 oz. silver), in what is known as the Jake Creek trend. Located along the northern margin of the Midas trough, the trend is a complex, northwest-trending structural corridor that hosts the same stratigraphy as Ken Snyder.
The property was originally explored in the 1980s for its bulk-tonnage gold potential. Previous drilling, consisting of 60 holes, intersected mineralized banded quartz-adularia veins and breccia fillings, with significant intercepts of 0.74 oz. gold over 32 ft., 8 oz. gold over 2.5 ft., 0.23 oz. gold over 25 ft., and 0.53 oz. gold over 5 ft.
Mineralization occurs within two zones that are largely open along strike and downdip, associated with north-northwest- and east-northeast-striking structures. High-grade float boulders grading up to 0.93 oz. gold and 9 oz. silver were discovered 2 miles northwest of the previous drilling. A recent airborne geophysical survey by Newmont outlined a 0.7-by-0.7-mile anomaly over the high-grade float.
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