The Property is on the north slope of the Midas Trough, along the Carlin Trend, within the Northern Nevada Rift. These claims have many geological similarities to gold properties in the well-known Midas Gold Camp. Hecla Mining Company’s Midas Mine lies 18 kilometres (km) east of the Property. The Midas Mine previously was owned by Newmont until February 2014 (3 million oz gold reserves at 31 g/t Au) and is an epithermal, bonanza-type gold-silver bearing system. Additionally, major sediment-hosted Carlin-style gold mines owned by Nevada Gold Ventures LLC are nearby, including the Getchell-Twin Creeks-Turquoise Ridge mines (15 km to the southwest, and its Goldstrike Mine complex, 50 km southeast of the Property).
The Golden Repeat Property consists of 49 contiguous mining claims totaling 392 hectares, adjacent to Waterton’s Clover gold property. The area is easily reachable by road from Interstate (80) with excellent local mining infrastructure. The Property hosts widespread alteration, two distinct gold-silver targets exist on Golden Repeat. One is a volcanic-hosted epithermal occurrence, similar to the Midas Mine gold-silver deposit of Hecla. The other target is a sediment-hosted, Carlin-style gold occurrence underlying Tertiary volcanic rocks. The Property was briefly drilled by Gold Fields and Romarco Minerals Inc. (taken over by OceanaGold in 2015) in the 1990s. A large part of the Property is untested by Drilling.
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