Large shallow vanadium system; in search of deep carlin style gold system
The deposit consists of two near-horizontal mineralized horizons that are amenable to open-pit extraction.
Primary vanadium mineralization hosted in Upper Plate siliclastic rocks occurs slightly above and west of the Iron Point gold zone, following a NNW trend that is at least 1600m long and 600m wide.
The company is currently working towards publishing a maiden NI 43-101 resource and a Preliminary Economic Assessment*Denotes unknown true-thickness of mineralized drill intercept
Historical drilling defined a 7km-long mineralized shear zone.
Best hole (96IIPDDH-3) drilled by Aur Resources in 1996 hit aggregate of 27.4m grading 1.163g/t Au, including 3m grading 6.37g/t starting at 180m depth (NI 43-101 non-compliant).*
In 2019, core hole VM-8C hit low grade gold mineralization in silicified lower plate thin-bedded “dirty” limestone looking much like Roberts Mountain Formation. The hole bottomed at 710m depth in 5.8m grading 0.165ppm Au accompanied by elevated As, Sb, and Hg.**Denotes unknown true-thickness of mineralized drill intercept
Program - Vanadium
2020-2021 exploration budget
$19.20/sample + $30.35 batch fee
avg $225,000/hole 750-900m drill depths