Iron Point
Lies at the intersection of the prolific Battle Mountain-Cortez and Getchell-Twin Creeks gold trends.
Overview
In 20l9, a diamond drill hole confirmed the presence of favorable lower plate stratigraphy at moderate depths of approximately 450m.
Encountering Gold
Anomalous gold and pathfinder elements were also encountered suggesting potential for a very large Carlin system at Iron Point.
Historically, Iron Point has been the subject of numerous exploration programs by major and junior gold companies that almost exclusively focused on upper plate targets, with very little attention given to potential mineralization in lower plate rocks.
Nevada King’s unprecedented compilation of all historical exploration data was combined with recently collected drill and geophysical data to facilitate identification of potential Carlin-type, lower plate targets.
Elephant Country
The Iron Point Gold Project is located 35km east of Winnemucca, Nevada, at the intersection of the Battle Mountain and Getchell gold belts, and on trend from several world-class gold mines including Twin Creeks and Turquoise Ridge with a combined gold endowment of 52 Moz Au (Barrick 2020 Annual Report, and Nevada Division of Minerals Feature Layer “Production of Minerals in Nevada 1987-Present” updated Oct. 22, 2021), and Marigold and Lone Tree with a reported gold endowment of 20 Moz (I-80 Gold Corp NI 43-101 Technical Report on Lone Tree Mine, and SSR Mining 2020 Annual Report, and Nevada Division of Minerals Feature Layer “Production of Minerals in Nevada 1987-Present” updated Oct. 22, 2021).
2022 Drill Program
6,400m Drill Program
Nevada King has commenced a 6,400m drill program at Iron Point to further test Carlin-type gold mineralization hosted in Lower Plate carbonate rocks beneath the Roberts Mountain Thrust.
This program is designed to follow up on initial drilling completed in 20l9 by the Company in which a thick sequence of Lower Plate carbonate rocks was encountered in core hole VM-008C.
5.8m averaging 0.17 g/t Au
This hole bottomed in mineralization intercepting 5.8m grading 0.l7 g/t Au associated with strongly elevated pathfinder elements.
23 Holes Planned
In this program, Nevada King has planned 23 holes with five of those holes (totaling 4,000m) targeting deep, Lower Plate gold mineralization.
Four of these deep holes are located along the Range Front Zone and are currently being pre-collared using a mud-rotary drill rig to depths of approximately 455m with casing installed.
The fifth deep hole will be pre-collared in the "Fairway” Zone, 2.8km NNW of VM-008C, using an RC drill rig to a depth of approximately 455m (see images below).
Scout drill program
Additionally a scout reconnaissance program of l8 shallow RC drill holes totaling 2,400m began in November 2021 and is designed to probe unexplored areas near the north end of the Iron Point claim block where geophysical surveys and interpretation by the Company indicate the potential for shallow, uplifted blocks of Lower Plate stratigraphy.
Sample results from several of these initial scout holes have been submitted for assay with results pending.
Drill Map
