Resource World Magazine

14 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 9 out of the Mineral Research Deposit Unit (MDRU), a world leading explora- tion research group out at the University of British Columbia, about making these deposits bigger in terms of their footprint in bedrock so that they're easier to find," said Buskard. "What they've shared with the industry is that you can double or tri - ple the size of the bedrock target for these deposits by looking at the suite of path- finder elements that come along with the gold when it's deposited. "So rather than needing to find a small needle in the haystack, we can look for a bigger needle in the haystack," said Buskard. "We've reduced the size of the haystack because we've done our ground - water chemistry program and then MRDU is helping us to increase the size of the needle and with that, we've been able to spread out our drill holes to systematically tests our target. Now that we're into the system, we can use this pathfinder MRDU chemistry to begin vectoring to what we hope to be the centre of the system." Nevada Sunrise Gold Corp. [NEV- TSXV] is drilling the Coronado VMS (volcanogenic massive sulphide) property in Pershing County about 30 miles south - east of Winnemucca. The company's key gold asset is a 21% interest in a JV with Liberty Gold Inc. at the Kinsley Mountain Project near Wendover. Nevada Sunrise can earn a 100% interest in the historical Lovelock cobalt mine and Treasure Box copper properties about 100 miles east of Reno, currently the subject of a proposed trans - action with Global Energy Metals Corp. Nevada Sunrise also has 100% inter- ests in the Neptune, Jackson Wash and Aquarius lithium projects; a 50% inter- est in the Gemini lithium project (KORE Mining 50%); and a 100% interest in the Atlantis lithium project, currently under option to American Lithium Corp. –all in Esmeralda County. Nevada Zinc Corp. [NZN-TSXV; GDSKF-OTC] is conducting a Preliminary Economic Assessment of its Lone Mountain zinc project in Eureka County. A total of 85 reverse circulation drill holes and 13 core drill holes have been com - pleted. Results show numerous broad intersections of medium to high-grade non-sulphide zinc mineralization in two locations between surface and a depth of approximately 250 metres, most of which may potentially be mined using open pit methods. At a cut-off grade of 2% zinc, the pit constrained inferred resources are 3,257,000 tonnes grading 7.57% zinc and 0.70% lead. Newmont Mining Corp. [NEM-NYSE] is a major producer that has been mining gold in Nevada for over 50 years. In addi - tion to gold, operations produce silver and copper and include 11 surface mines, eight underground mines and 13 processing facilities. Newrange Gold Corp. [NRG-TSXV] is working toward reporting a maiden resource estimate for the Pamlico gold project 12 km southeast of Hawthorne in the second half of 2019. Metallurgical studies indicate mineralization is amenable to heap leaching and drilling preparations are underway. Underground sampling of historic workings is also in progress. Drill results have returned some very high- grade assays such as 21.34 metres of 13.67 g/t gold (P17-08). Noram Ventures Inc. [NRM-TSXV; NRVTF-OTC] has been receiving assays from Phase III drill program on its flagship Zeus property in the Clayton Valley. Assays from hole CVZ-45 averaged 1,104 ppm lithium for the entire 100 foot length of the hole. The hole is located about 1,150 feet northwest of the edge of the previously announced NI 43-101 compliant inferred resource of 17 million tonnes grading of 1,060 ppm lithium. Northern Lights Resources Corp. [NLR-CSE] can earn a 100% interest in the past producing silver-zinc-lead Medicine Springs Project in Elko County that has seen extensive drilling. Phase 1 exploration includes a review of histori - cal exploration, development of GIS data compilation, geophysics, surface geological and sampling, mapping and soil sampling. Phase 2 includes a targeted drill program focused on further delineation of the oxide mineralization zone and the identification carbonate sulphide replacement style min - eralization at depth below the oxide zone. NuLegacy Gold Corp. [NUG-TSXV; NULGF-OTCQX], an 11%-owned affiliate of Barrick Gold, is focused on discovering additional Carlin-style gold deposits on its district scale Red Hill Project in the Cortez gold trend. The Red Hill Project is on trend and adjacent to the three multi-million ounce Carlin-type gold deposits (Pipeline, Cortez Hills and Goldrush). Both core and reverse circulation drills are in use. Paramount Gold Nevada Corp. [PZG- NYSE American] owns a 100% interest in the past-producing Sleeper gold project 25 miles northwest of Winnemucca. From 1986 to 1996, the mine produced 1.66 mil - lion ounces gold and 2.3 million ounces silver. Paramount has assembled a district- scale project with significant unexplored gold potential covering 60 square miles. The company has completed a positive PEA for an open pit, heap leach operation at 30,000 tonnes per day. Pasinex Resources Ltd. [PSE-CSE; PNX-FSE] has an option to acquire 80% of the Spur, high-grade, zinc exploration project 48 km northeast of Eureka, for - merly known as Gunman, from Cypress Development Corp. Pasinex made a new zinc sulphide discovery at Spur: 43.9 metres of 14.2% zinc, including 13.7 metres of 26.1% zinc and 5.6 oz/ton silver. Peloton Minerals Corp. [PMC-CSE; PMCCF-OTC] owns three gold exploration projects located in Elko County, one of which is under option to Kinross Gold. Peloton has been exploring and has expanded its Golden Trail gold project in Elko County where gold values above 20 ppb are common with sev - eral samples assaying above 9 g/t gold and one above 28 g/t. Kinross, which can earn a 75% interest, has been conducting mapping and geo- physical programs on the Independence Valley Project in Elko County. Five miles west of the Golden Trail Project, Peloton has staked the Texas Canyon gold project. Pure Energy Minerals Ltd. [PE-TSXV, PEMIF-OTCQB] is developing the CV Project in Clayton Valley with varied NEVADA

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