A drill program by Tri Origin Exploration (TOE-T) will test the Lone Mountain property in northern Nevada.
The project is held by Tri Origin and its Australian partner, Plutonic Resources, with the former acting as operator. Plutonic can earn a 60% interest in the joint venture by funding 80% of the first US$1.5 million of exploration expenditures.
The 33-km property is in the Independence Mountains, 35 km northeast of the Carlin trend. It encompasses the historic Merrimac mining district, which, prior to 1949, produced gold, silver, lead and zinc.
Since then, several companies have explored the region and carried out shallow drilling. Tri Origin says this work has revealed “widespread gold mineralization” in rocks showing similarities to those hosting gold deposits in the Carlin trend.
Geophysical work undertaken by Tri Origin identified several anomalies that coincide with areas where surface work has detected gold mineralization.
The drill program will total 4,000 metres and attempt to test the property’s potential for sediment-hosted, disseminated gold deposits.
Tri Origin also has active exploration programs under way in Australia.
Among the more advanced of these is the Lewis Ponds property in New South Wales, where work to date has outlined 2.7 million tonnes averaging 3.5 grams gold and 123 grams silver per tonne, 0.21% copper, 2.56% lead and 4.17% zinc in the Central lens, and 1 million tonnes averaging 1.95 grams gold, 214 grams silver, 0.3% copper, 5.36% lead and 7.91% zinc in the Tom’s zone.
The Lewis Ponds deposit remains open at depth and along strike.
Be the first to comment on "Tri Origin drills near Carlin trend"