GOLD RUSH PROPERTY
Project
Gold Rush property consists of 18 unpatented lode mining claims.
Gold Rush property consists of 18 unpatented lode mining claims.
Ownership
Owned 100% by Goldrea Resources Corp. (TSX-V:GOR).
Owned 100% by Goldrea Resources Corp. (TSX-V:GOR).
Location
The property is located in
Mojave County, 25 miles west–
northwest of Kingman, Arizona USA.
The property is located in
Mojave County, 25 miles west–
northwest of Kingman, Arizona USA.
Property Background
The Gold Rush Property currently has a resource in excess of 40,000 ounces of gold, (1.3 million tons of 0.032 oz/ton gold) which was delineated by Western States the previous operator. This gold resource occupies a prominent detachment fault within Precambrian rocks, which are overlain by silicified, brecciated, volcanic dome features of Tertiary Age.
The Gold Rush Claims straddle the Roadside Detachment Fault and trend northward toward the Company’s Gold Chain Property, which is situated approximately one mile to the north, and which is also located upon the same “detachment structure”. Anaconda postulated that 3.2 million tons of .015 oz/ton Au maybe present with the Gold Chain resource being open in all directions. This was based upon surface and underground samples and intercepts from four drill holes. Intercepts range from 35 feet of .064 oz/ton gold to 195 feet of .010 oz/ton gold.
Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve. The Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a qualified person, and the historical estimates should not be relied upon.
The Gold Rush Property currently has a resource in excess of 40,000 ounces of gold, (1.3 million tons of 0.032 oz/ton gold) which was delineated by Western States the previous operator. This gold resource occupies a prominent detachment fault within Precambrian rocks, which are overlain by silicified, brecciated, volcanic dome features of Tertiary Age.
The Gold Rush Claims straddle the Roadside Detachment Fault and trend northward toward the Company’s Gold Chain Property, which is situated approximately one mile to the north, and which is also located upon the same “detachment structure”. Anaconda postulated that 3.2 million tons of .015 oz/ton Au maybe present with the Gold Chain resource being open in all directions. This was based upon surface and underground samples and intercepts from four drill holes. Intercepts range from 35 feet of .064 oz/ton gold to 195 feet of .010 oz/ton gold.
Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve. The Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a qualified person, and the historical estimates should not be relied upon.