| Location
The Red Rock project is located in Esmeralda County, Nevada, USA. To view a map of the Red Rock area please click here Option Agreements: The Company has the option to earn a 100% interest by making annual US $100,000 payments to Nevada Gold Ventures with an annually increasing buy out privilege. Further, the Company would be required to complete a series of obligations to Nevada Eagle Resources LLC which include annual cash payments over a five year period, totaling US $350,000; incurring exploration expenditures totaling US$2.5 million over a five year period and by issuing a cumulative 1,500,000 treasury shares over a five year period. Significant exploration work on the Red Rock Property has been completed by Newmont Gold, Amselco Minerals, Curran Corp., Cambior Inc., Phelps Dodge Corp., and Romarco Minerals Inc. Geology The presence of high grade gold and silver bonanza veins by previous operations is demonstrated by these previously published news releases.
Geophysics Reviewing the available geologic information on the Red Rock property, it became apparent that the high grade gold and silver mineralization was likely controlled by structures oriented North 30° East. Quartz veins, andesite dikes, and faults, all with this orientation can be seen and mapped on portions of the Red Rock property. These quartz veins, dikes, and faults are associated with gold mineralization. The Discovery area is covered with between 75 and 150 meters of alluvium preventing direct observation and measurement of these structures in the Discovery area. The Titan 24 geophysical survey was able to delineate North 30° East structures in the Discovery area. Below is an example, line DZ5N. A series of 4 semi-parallel lines cross the discover zone in a nearly east to west orientation (see below).
All four lines indicate horst and graben structures oriented North 30° East. They are especially evident in the data collected along line DZ5N (see below). DZ5N
Interpretative MT section
Interpretative IP section These three interpretive sections from line DZ5N show the general geology of the discovery zone. The magnetotelluric (MT) survey shows the layering or stratigraphy best in the discovery zone. The alluvium that mantles the area clearly evident and the thickness of the alluvium matches depths encountered in drilling. There is locally a thin layer of felsic volcanic tuff beneath the alluvium, and is also apparent in the Titan survey data. Beneath the younger rock units, the older Ordovician Palmetto formation can be seen. The Palmetto formation is the main host rock for gold and silver in the discovery area. Notice that while the general stratigraphy is clear in the MT survey, structures, like faults are more apparent in the IP survey. The faults that bound the horsts and grabens are associated with the gold and silver mineralization. It is important to note that while faults can be seen in the survey, veins are still too small to be resolved in this survey.
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