Global Geoscience Project: Lone Mountain, Nevada USA
(Global Geoscience option for 100%)
The Lone Mt gold-silver-base metal project is located 35 km northwest of Elko and 35km from the Carlin Trend in northern Nevada. Global owns 100% interest in 61 unpatented mining claims. A further 71 unpatented claims are held under a lease and option to purchase agreement with third party owners. Collectively the claims cover an area of 10.23 sq km. Global can purchase 100% of the third party claims for US$3 million with the owner retaining a 3% net smelter return royalty.
Lone Mt shares a number of similarities with the nearby Carlin Trend – an area hosting more than 150 million ounces of gold. The sedimentary and intrusive rocks at Lone Mt are of the same type and age as those hosting mineralisation in the Carlin district. The exploration targets at Lone Mt are for Carlin-style gold mineralisation, skarn-related gold-silver-base metal mineralisation and breccia-hosted silver-lead-zinc mineralisation. All styles of mineralisation appear to be related to a number of intrusive bodies.