Joint venture negotiations are continuing between Carlin Gold (ASE) and an undisclosed major mining company relating to Carlin’s gold properties in eastern Oregon.
Carlin recently acquired claims that add about 2.4 square miles of ground to its prior contiguous holding of nearly 12 square miles. Drilling by a previous operator on the newly acquired TSM claims returned encouraging results, including 260 ft. grading 0.027 oz. gold per ton, with 60 ft. of 0.045 oz. gold.
Major companies are reported to be evaluating the significance of the district (and Carlin’s Stockdale Mountains land package) where a major northwest trending structure has been identified. Carlin said the structure controlling mineralization at its Stockade Mountains properties “may be an extension of the famous Carlin Trend.”
A unit of Newmont (NYSE) recently acquired properties in Eastern Oregon, and speculation is growing that this major may also be involved in joint venture negotiations with Carlin Gold.
Be the first to comment on "Carlin Gold expands Oregon land holdings"