Treasure Hill, Nevada

  LOCATION White Pine County, Nevada, southeast of Eureka 
  TARGET: Nevada-Style Sediment (Carbonate) Hosted Replacement Deposit
  COMMODITY: High grade structurally controlled silver (Ag)  |  Bulk mineable manto-like Ag
  LAST UPDATED: November 1, 2015

Project Highlights
The Treasure Hill District was a prominent silver producer in the 1800's and still holds excellent exploration potential. The property is available for lease or option to purchase.

 

Overview

The Treasure Hill property consists of 59 unpatented claims and 106 patented claims located approximately 45 miles west of Ely in White Pine County, Nevada. The Treasure Hill property is accessible by improved Forest Service roads from NV Highway 50.


Geology and Mineralization

The Treasure Hill property is a polymetallic silver-gold-base metal district associated with a deep granitic porphyry center intruded into Paleozoic and Mesozoic sediments. Several styles of mineralization are recognized at Treasure Hill, including structurally controlled high angle veins, low angle, bedding plane and karst hosted replacement mineralization, skarn and retrograde skarn hosted by calcareous units and intrusive hosted vein stockworks. The district exhibits a classic metallic zonation indicative of a deep porphyry mineralizing system, with gold, tungsten, copper and molybdenum concentrated around the shallow intrusive cupolas exposed on the western side of the district; while the eastern side of the district has distal copper, silver and base metal vein/replacement deposits. Silver is the predominant precious metal in the Treasure Hill property, with lead, zinc and copper occurring in significant amounts depending on the morphology of the mineralization.

 

In 2008, Golden Predator initiated historic data compilation along with preliminary field investigations on the property. Recommendations for further analysis of specific target areas and initiation of geologic mapping and sampling programs have been made. Numerous historic high-grade silver vein producers are located predominantly within the patented claim block. Limited modern exploration work has indicated the potential for bulk mineable silver targets at Treasure Hill.


Historical Exploration

The rich silver deposits of the Treasure Hill (White Pine) district were discovered in 1869, and the main town of Hamilton grew to over 10,000 in a few months. A renewed interest in the district during the 1970's-80's concentrated upon exploration of the tungsten-moly-copper and gold potential in the western part of the district. These programs included field work and drilling by Phillips Petroleum, Union Carbide, Shell Minerals, Queenstake Resources, Westmont, Silver King Mines and Umont Mining. A small amount of silver was produced by Silver King Mines from the Treasure Hill area in the mid 1980's from old mine dump heap leach operations. Production data is lacking. The core claim group of the Treasure Hill property was assembled at this time by F.W. Lewis of Reno. The Mt. Hamilton gold-porphyry skarn orebody was placed into production in 1994 and produced approximately 124,000 ounces of gold and 310,000 ounces of silver before closing in 1998 due to low gold prices (Solitario Exploration and Royalty Corp., NI 43-101 Technical Report on Resources and Reserves Mt. Hamilton Gold Project Centennial Deposit White Pine County, Nevada; February 22, 2012). Historic production for the White Pine Mining District, including Treasure Hill and Mt. Hamilton, is approximately 22 million ounces of silver and +124,000 ounces of gold (Progress Report on the Treasure Hill Project, White Pine Mining District, Nevada; Dr. Leigh A. Readdy, GAM Gold, September 20, 2007)



Mark C. Shutty, CPG, a Consultant to the Company, is the Qualified Person as defined under National Instrument 43-101 and has reviewed and verified the information presented above.



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