Reno, Nevada, June 15, 2023 (GLOBE NEWSWIRE) -- Nevada Canyon Gold Corp. (OTC Markets: NGLD) (The "Company" or "Nevada Canyon") is pleased to announce that planning is complete on the Company's Phase I exploration program on the Agai-Pah Property, located in Mineral County, Nevada, within the Walker Lane shear zone.
Phase I of the Agi-Pah exploration program will consist of reconnaissance prospecting, geological mapping, surface trenching, sampling of old workings, mine dumps and the mapping relocation of historical workings on the property. This initial Phase I exploration program will provide accurate modern data to assist in the planning of the Phase II exploration program later in 2023. The Phase I program is designed to expand and provide confirmation of the previous regional geological mapping and sampling program by the property's lease owner (MSM Resource, LLC) that yielded significant results. A historical sample taken from exposed mineralized vein on an outcrop yielded over 600 Ag oz. (ounces of silver). The Phase I program is expected to begin when field conditions permit.
The Agai-Pah Property consists of 20 unpatented mining claims with a combined area of 162 hectares (400 acres). The Property is located in the northwestern portion of the Gillis Range, within the Buckley Mining District, in Mineral County, Nevada, 13 miles north-east of the town of Hawthorne, and 22 miles SW of the Rawhide Mine. The Property is within the Walker Lane shear zone, a 60-mile-wide structural corridor extending in a southeast direction from Reno, Nevada. The project has excellent year-round access and infrastructure within Mineral County, one of the most pro-mining counties in the pro-mining states and highest-grade gold districts of Nevada.
The Agai-Pah property contains numerous historical workings consisting of underground workings with multi-level vertical shafts, several adits at different sub-levels, declines and a number of prospects pits that dig along structures. An existing road network provide access to the numerous historical workings. Historical sampling on the project has revealed the presence of silver, copper, gold, lead, zinc, barium and barite. There have been at least two periods of mining on the property, with the first in the early 1900's, and then later in the late 1980's. The early 1900's, work consisted of excavation of at least 15 adits, 5 vertical shafts, declines and numerous prospects pits that dig along structures.
The second episode of mining took place in the late 1980s when a small pit was excavated, and ore material was mined and transported approximately 2 miles to the west to a small heap leach. During this time about two kilometers of roads were built, several large trenches were completed, and a number of shallow drill holes (12+) were drilled. All the drill holes noted during this historical work were vertical and most were drilled in the hanging wall of the ore-bearing structures. No historical data has been found from any of this historical exploration work.
The Agai-Pah Property is in close Proximity to several past producing mines including the Bodie, Aurora, Borealis, Pamlico, Evening Star, Mabel, Mindoro and Camp Douglas Mines. Held by private interests for most of its history, the Agai-Pah Property remains very underexplored with minimal modern-day exploration. These factors clearly demonstrate the exceptional potential of this relatively unexplored project for new discoveries of significant mineralization on several exploration targets in multiple zones.
內華達州里諾,2023 年 6 月 15 日(GLOBE NEWSWIRE)— Nevada Canyon Gold Corp.(場外交易市場:NGLD)(“公司” 或 “Nevada Canyon”) 很高興地宣佈,公司對位於內華達州礦業縣沃克巷剪切帶內的Agai-Pah地產的第一階段勘探計劃的規劃已經完成。
Agi-Pah勘探計劃的第一階段將包括偵察勘探、地質測繪、地表挖溝、對舊礦井進行取樣、礦山堆放場以及對該物業歷史工作進行測繪搬遷。最初的第一階段勘探計劃將提供準確的現代數據,以協助規劃2023年晚些時候的第二階段勘探計劃。第一階段計劃旨在擴大和證實該物業租賃所有者(MSM Resource, LLC)先前的區域地質測繪和採樣計劃,該計劃取得了顯著成果。從露頭裸露的礦化礦脈中採集的歷史樣本產生了超過 600 銀盎司(盎司銀)。第一階段的計劃預計將在實地條件允許時開始。
Agai-Pah Property 由 20 個未申請專利的採礦權組成,總面積爲 162 公頃(400 英畝)。該物業位於吉利斯山脈的西北部,內華達州礦業縣的巴克利礦區內,霍桑鎮東北13英里處,Rawhide礦西南22英里處。該物業位於沃克巷剪切帶內,這是一條從內華達州里諾向東南方向延伸的60英里寬的結構走廊。該項目在礦業縣擁有良好的全年交通和基礎設施,礦產縣是內華達州最支持採礦的州之一,也是內華達州金礦產地最高的地區之一。
Agai-Pah 項目包含許多歷史性礦井,包括帶有多層垂直豎井的地下礦井、多個位於不同子層的入口、下坡和許多沿着建築物挖掘的勘探礦坑。現有的道路網絡提供了通往衆多歷史遺蹟的通道。該項目的歷史取樣顯示,存在銀、銅、金、鉛、鋅、鋇和重晶石。該地至少有過兩次採礦期,第一次是在20世紀初,然後是20世紀80年代後期。20世紀初,工作包括挖掘至少 15 個井道、5 個垂直豎井、下坡和許多沿着建築物挖掘的勘探坑。
第二輪採礦發生在 20 世紀 80 年代後期,當時挖掘了一個小礦坑,礦石材料被開採並向西運送了大約 2 英里處的一個小堆滲濾池。在此期間,修建了大約兩公里的道路,完成了幾條大型戰壕,並鑽了許多淺的鑽孔(12 個以上)。在這項歷史研究中發現的所有鑽孔都是垂直的,大多數是在含礦結構的懸掛牆上鑽的。在這項歷史探索工作中,沒有發現任何歷史數據。
Agai-Pah Property毗鄰過去的幾個生產礦山,包括博迪、奧羅拉、北歐利斯、帕姆利科、晚星礦、梅貝爾礦、民都洛礦和道格拉斯營礦。Agai-Pah 地產在其歷史的大部分時間裏都由私人利益集團持有,但仍未得到充分開發,幾乎沒有進行現代探索。這些因素清楚地表明,這個相對未開發的項目具有在多個區域的多個勘探目標上發現重大礦化的新發現的巨大潛力。