Showcase Minerals Inc. is engaged in the business of mineral property exploration and development. The company has the exclusive option to acquire a 100% interest, subject to a various net smelter returns royalties ranging from 2.25% to 4.25%, in the Dixie Flats Claims, the North Star Claims, and the Woodruff Claims, which collectively consist of 254 lode mining claims covering approximately 1,818 hectares located in Elko County, Nevada.
The Dixie Flats Claims and North Star Claims are located approximately 21 miles south-southeast of the town of Elko, Elko County, Nevada. The Woodruff Claims are located approximately 13 miles south of the town of Carlin, Elko County, Nevada. Our goal is to conduct exploration programs on these mineral properties in order to determine if they host economic quantities of mineralization.
Based on evidence of gold mineralization and projection of structures and lithologies known to host Carlin-like gold mineralization in the district, the independent geologist that we retained recommends additional exploration for the Dixie Flats Claims and the North Star Claims consisting of data compilation and 3D geologic modeling, followed by additional geophysical surveys at tighter spacing to better define the depth to the Webb-Devils Gate contact under cover, and additional soil sampling to better delineate cross-structures that have offset this contact.
The independent geologist also recommends a first phase of exploration comprised of additional geophysical studies on the Woodruff Claims to determine the depth to the Webb mudstone-Devils Gate limestone contact to the east of the Graben Fault on the property. A gravity survey, which has been shown to successfully delineate the Webb-Devils Gate contact elsewhere in the Piñon Mountains, will be conducted with a truck-mounted survey instrument over open roads and overland travel where possible. This would allow most of the Woodruff Claims to be surveyed without creating any disturbance or requirement for permitting or access agreements.
For more information about our mineral property interests, refer to the “Projects” section of our website.
