RIMROCK property, Northern Nevada Rift

The RIMROCK property: A Midas-style gold target

Ivanhoe Mining District, Elko County, Nevada, USA

This contiguous block of 44 unpatented lode mining claims totals 880 acres and is located approximately 3 miles north of Great Basin Gold-Hecla's Ivanhoe-Hollister project and 46 miles north-northwest of Elko, NV.

The Rimrock property is a grassroots prospect situated along the Northern Nevada Rift (“NNR”), a Miocene-age structural zone that hosts several current and past producing mines, and one major development project.  The largest of these are Newmont’s Mule Canyon and Midas (Ken Snyder) mines, and Great Basin Gold–Hecla's Ivanhoe-Hollister deposit that is currently in development.  

Relevant exploration to date includes surface prospecting and geochemical sampling of altered bedrock.  The observed surface indications are similar to subtle features found above high-grade vein systems in the Ivanhoe and Midas districts and additional exploration is warranted.

The recommended exploration program consists of Phase 1 geophysical surveys (magnetics, gravity, and CSAMT) to define drill locations. Contingent upon Phase 1 defining suitable exploration targets, Phase 2 work should consist of core drilling to test Phase 1 targets at depth.

Phase 1 work is budgeted at approximately US$118,000 and the Phase 2 drilling is budgeted at a minimum of US$575,000.  For more details, please see the latest technical report dated Nov 2006.

The Rimrock property is available for option.  Please contact Tony Simon at 604-728-7370