Overview
The Gold Bar South royalty property lies along the prolific Battle Mountain – Eureka Trend, which includes the nearby Cortez district.
Gold Bar South includes a semi-continuous, 1,050 by 450-meter north-northwest oriented zone of oxide gold mineralization that has been delineated by historic and recent drilling. The mineralization occurs along the contact of thinly bedded siltstones of the Webb Formation with the underlying Devils Gate Limestone, which is a classic geologic environment for hosting Carlin-type deposits in Nevada. The mineralization is controlled by a complex set of northeast- and northwest-trending structures and shows a spatial association with brecciated zones. Silicification is the dominant alteration type, although argillization is observed in the matrix of breccia zones.
The Gold Bar South property began production in Q4 2022 and the Company expects royalty revenue to decline in the future as mining at the property was completed.
Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.