Gold Bull owns 100% of the Big Balds Project, a gold exploration target which is located approximately 120km south of Elko, Nevada. The project is comprised of 360 lode mining claims located on BLM tenure.
Highlights
- Big Balds consists of three priority targets (Bald Eagle, Bald Badger & Bald Cougar)
- Located on the prolific Carlin and Bida gold trends
- Project is drill ready with targets based on compelling 3D inversion geophysical anomalies (gravity and magnetics) combined with highly anomalous arsenic at surface
- Targets are under cover and have never been previously drilled
- Less than10km west of Kinross’s Bald Mountain Operating Mine (300mt @ 0.6 g/t for 5.5. M Oz Au – as per Kinross Annual Report 2019)
- The Big Balds property is subject to a 2% NSR, of which 1% is held by a company controlled by Ms. Leeden and the other 1% is held by a shareholder of Numberco
Cautionary statements
This page contains information with respect to adjacent mineral properties in Nevada, which the Company has no interest in or rights to explore. Readers are cautioned that information regarding gold mineralization on adjacent or similar properties is not necessarily indicative of the presence of gold mineralization on Big Balds.
Big Balds Priority Targets:
1. Bald Cougar: regional prospective structural trend identified via geophysical data that appears to connect to regional structures proximal to Bald Mountain Mine.
2. Bald Eagle: Undercover skarn type geophysical signature with geochemistry in soil samples.
3. Bald Badger: Structural target with outcropping sinter (elevated mercury and arsenic in soil samples).
Geophysics paves the way forward
Nevada is one of the most prolific gold provinces on the planet, having produced over 225 million ounces of gold to date. Most of Nevada is under cover; however, the majority of the drilling that has been conducted is where there is outcrop (no sand cover). This represents a large opportunity to explore for world class deposits under cover in a gold rich geological terrain that is also a mining friendly jurisdiction.
Detailed geophysical data supports northwest trending structural corridor “Bida Trend”, that controls intrusions and gold mineralization at Bald Mountain gold mine. Geophysics data allows for interpretation of what may lie under the pediment. High priority fault zones and interpreted intrusions have been identified and secured. Significant magnetic features within the proven Bida Trend sit under pediment cover, at intersection between Bida Trend and faults which represent near term drill targets, including NW faults that based on geophysical interpretation, appear to extend from Bald Mountain. These geophysical targets have received no attention due to cover yet there is strong potential for continuation of Bald Mountain plumbing system.
Detailed Gravity data can be used to predict depth of cover in Nevadan ‘basin/range’ country. Distinct N-S and NW-SE edges have been interpreted as prospective extensional fault zones. This is important because fault zones cutting Carlin host geology can be conduits for precious and base metal mineralization. The acquired Geophysics data has defined features warranting geochemical drilling. Several gravity highs located in areas of pediment cover possibly correspond to granitoids. These are of interest because the Bald Mountain gold mineralization is recognized as being intrusive associated. The systems are usually zones, with gold mineralization occurring proximal and base metal distal to the intrusion, which also aligns with the elevated base metal that is observed in soil samples proximal.
Qualified Person
Cherie Leeden, B.Sc (Applied Geology, Honours), MAIG, a “Qualified Person” as defined by National Instrument 43-101, has read and approved all technical and scientific information contained on this page.