(Global Geoscience 100%)
Global is targeting gold mineralisation within the Walker-Lane tectonic zone of southern Nevada. This zone hosts a number of large gold mines with total production exceeding 20 million ounces. Notable mines include Goldfield, Comstock, Bullfrog, Mineral Ridge, Borealis and Yerington.
The Tokop project is located 330 km southeast of Reno and 80 km south of Tonopah in southern Nevada, USA. Global holds granted tenements over an area of 2.5 sq km which are subject to a 2.5% net smelter return royalty.
Gold mineralisation at Tokop is exposed at surface within a series of northwest and northeast trending sheeted quartz veins, ferruginous-siliceous zones and disseminations developed within and immediately adjacent to a multi-phase intrusive.
Work completed by Global at Tokop has defined two adjacent gold zones. The northern zone extends over an area of 400m by 150m while the southern zone is smaller at 200m by 150m. Soil values within the two zones are mostly greater than 60ppb Au but reach up to 680ppb (0.68ppm) Au. Of the 24 rock chip samples taken within the two zones, seven exceeded 0.5g/t Au and five exceeded 1.0g/t Au.
The zone underlying the gold anomalies is considered to have potential to contain economic, oxidized, bulk tonnage gold mineralisation. Global plans to test the gold anomalous zones by digging five trenches totalling about 1,000m in length. The trenches will be dug into the bedrock and will allow for collection of continuous rock chip samples (channel samples) across the full width of the zones. Encouraging results will be followed up by drilling.
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