Phoenix Gold Project. Nevada, USA

LOCATION

Battle Mountain Mining District, Nevada, USA

SIZE

24.48 hectares

TARGET METALS

Gold & Silver

Nevada is considered one of the top mining jurisdictions globally, with Battle Mountain being one of the largest gold-producing regions. Additionally, Battle Mountain Mining district is well-know for producing Copper and Silver throughout the past decades. 

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Overview

 
 
Eldorado Property
Plumas Property
Ownership

50% – PXA

50% – Newmont

50% – PXA

50% – Bill Matlack

Claims

1 patented claim (20 acres)

Extralateral rights allow PXA to both explore and mine down deep, even onto Newmont Lands

Exploration Summary

2 RC drill holes in 2013  were drilled by Newmont

7 diamond drilling holes with a total length of 4,408 feet (1,343 meters) conducted in 2014

Geologic mapping, surface geochemical rockchip sampling,  drilling program, and magnetic survey.

Target

An outcropping ore-grade gold system that is both high grade structural and stratigraphic hosted

A larger target is the mineralized pophyry comprising portions of a large high-grade copper-gold skarn at depth, intersected by Newmont drilling and drill proven on the adjacent Filippini property and also occurs in the bordering Sunshine Pit

Outcropping high-grade gold system

Gold oxide/sulphides

 Historical Production Early recorded gold exploration activities occurred in the late 1880’s. A project field review
report has been prepared by a geologist, including limited workings, geology and mineralization. 

Production history on Plumas Property could traced back to 1930s, and intermittent production/mineral extraction was recorded during 1934 to 1942. Several shallow shafts were excavated along the outcrop of the mineralized fault zone.

Gold mineralization occurs in shear zones and sedimentary rock.

This historical information is intended to provide the reader a sense of the historical mineralization at Eldorado. The key assumptions and parameters to determine the historical estimates are unknown and should not be relied upon as estimated resources or reserves. The information is not the prescribed categories of resources or reserves defined under NI 43-101. More work would be necessary to upgrade or verify the historical estimates, and a qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves.

Exploration

Exploration work at the Phoenix Gold Project properties has been carried out by several different operators over the years. The exploration work includes diamond drilling, geophysical and geochemical surveys, and geological mapping. 

AGEI completed geologic mapping and surface geochemical rock chip sampling during 2009 to 2011 (See technical report for details).

Significant were found from the rock sampling program, returning up to 39.8 g/t Au.

Phoenix Gold completed six diamond drilling holes with a total length of 1,343 meters on the Plumas Property in 2014. The six drill holes intersected multiple high-grade Au intercepts.

Exploration work at the Plumas Property had identified some prospects and anomalous areas. The main prospects of interest are the intersection of the north-trending faults and northeast trending faults.

AGEI conducted geologic mapping and rock chip geochemical sampling during April 2012 to July 2013. The rock chip samples include quartz gossan material and siliceous veinlets hosted along the mineralized fault and shear contacts, and a total of 24 rock samples were collected. 

Some anomalous gold values were returned; structurally controlled gold mineralization found near surface. 

The Eldorado Property also has potential for high-grade copper-gold skarn at depth.


Technical Report


Gallery