Overview
- Project is located in the heart of the Carlin Trend and adjacent and on strike to the largest, highest grade vanadium deposit in the United States
- Potential syngenetic vanadium targets with similar host rocks and geology to First Vanadium’s Carlin deposit
- Potential Carlin-style Au targets with similar structural setting, host rocks, and geology to the Rain and Emigrant mines
Details
- 18 unpatented lode claims on private ground, covering ~150 hectares
- 4% NSR
- Adjacent to First Vanadium’s Carlin project
- 10 km West of Newmont’s producing Emigrant Mine and
- Situated close to established mining infrastructure
Data
- 1,033 soil samples
- 145 rock samples
- 46 stream sediment samples
- 2 historic drill holes
- USGS gravity and magnetic surveys
Geology
- Under-explored land position in the heart of the Carlin Trend with potential for Carlin-style gold mineralization and syngenetic vanadium mineralization.
- Potential for vanadium mineralization in the Devonian Woodruff formation similar to First Vanadium’s adjacent Carlin deposit. The Carlin deposit is the largest vanadium deposit in the United States with an inferred resource of 289 million pounds at 0.515% vanadium oxide.
- Vanadium mineralization at the Carlin deposit is syngenetic and occurs in certain stratigraphic horizons of the Woodruff formation. The northwest-striking and west-dipping Woodruff formation is exposed on surface at both projects and Contact Gold’s Woodruff project on strike with the Carlin deposit.
- Potential for Carlin-style sediment-hosted gold mineralization in Mississippian Webb and Devonian Devil’s Gate formations similar to nearby Carlin Trend deposits such as Rain and Emigrant
Targets
- Vanadium soil anomalies in prospective host rocks
- Test continuation of strike and dip of First Vanadium’s Carlin deposit
- Test favorable Carlin-style host rocks at depth
- Test high-angle structures similar to those that control gold
mineralization at Newmont’s Rain mine 10 km East
Map showing the locations of the Woodruff project and First Vanadium’s Carlin project. The Carlin deposit (in red) occurs within a stratigraphic horizon in the Woodruff mudstone and strikes onto the Woodruff project
Location
Carlin Trend, Nevada
