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Several drilled
and undrilled areas within the Grassy Mountain
claim block have potential for additional resources.
Most of the exploration targets are hosted in
the Grassy Mountain Formation and are similar
to the main Grassy deposit. A description
of exploration targets follows:
Grassy Mountain Deposit
To date, only half of the 2000 foot geophysical
anomaly representing the Grassy Mountain deposit
has been drill tested and the resistivity anomaly
has yet to be tested. This possible lateral
extension of the current deposit to the east-northeast
represents a high priority target in future
drilling.
While the present drill spacing is adequate
to define a larger low-to-medium-grade deposit,
additional angle drilling is needed to define
the vertical extent of the high-grade feeders.
Most of the drilling has been concentrated in
a zone 450 to 600 feet below the surface.
Successful drilling below this level could add
a significant number of high-grade ounces to
the resource.
Crabgrass
A near-surface low grade resource of approximately
23,000 ounces of gold has been delineated.
The resource is hosted in slightly altered arkose
of the Grassy Mountain Formation. Several
undrilled fault zones may yield additional higher-grade
mineralization.
Big Wally/Wood
This target lies within 7,000 feet of the main
Grassy deposit. The limited number of
holes drilled has delineated a weakly developed
hot springs system on the flanks of a rhyodacite
dome. Shallow low-grade (0.01-0.02 opt
Au) strata bound mineralization is found at
the contact between the Grassy Mountain Formation
and the Kern Basin Tuff. Trenching in
the Kern Basin Tuff exposed narrow high-grade
mineralization (70.10 opt Au). The limits
of mineralization have not been defined.
Potential exists for high-grade feeders and
more mineralization to the west and northwest.
Bluegrass
The Bluegrass target lies approximately one
mile northeast of the Grassy deposit along strike
with the major Grassy controlling structure.
Drilling indicates that hot springs mineralization
is present along this trend. The best
hole intersected 65 feet grading 0.035 opt Au.
The area between the Grassy deposit and Bluegrass
is untested, opening up considerable potential
along strike.
Grasshopper
The target lies between Crabgrass and the Grassy
Mountain deposit on a N70E linear. Outcrops
of siliceous sinter and strongly silicified
Grassy Mountain Formation offer encouragement.
Four holes have been drilled but the target
remains largely untested.
Clover
The target lies approximately 3,500 feet to
the northwest of the Grassy deposit on the east
flank of the rhyodacite dome. There is
an enrichment in gold along the same stratigraphic
position as the Big Wally.
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