Tonopah Nevada, USA
Golden Arrow Project
Quick View:
​​​​​​​Location:
The Golden Arrow Gold-Silver Property is located within the Golden Arrow Mining District in Nye County, Nevada. The property is located 35 miles east of Tonopah, and is accessed via paved roads and graded gravel roads.
​
Water for exploration activities can be obtained from agricultural wells in the Stone Cabin alluvial valley west of the project. Electrical power lines are located 11 miles north of the project and 10 miles southwest of the property; either of these could be extended to the property to provide electrical service to a mining operation.
Geology:
​
The Golden Arrow Project is underlain by andesitic to rhyolitic volcanic and volcaniclastic rocks. Numerous historic prospects and shafts, exploited veins and mineralised breccia lenses along the Page Fault Zone. Gold was also historically extracted from two other areas, Hidden Hill and Gold Coin.
The gold-silver mineralisation at Golden Arrow is volcanic-hosted low-sulfidation epithermal in origin that appears to have been overprinted by a later high-sulfidation epithermal system. The historic drill results demonstrate that precious metals exist in both high-grade veins and in more widespread, disseminated mineralization within both the Gold Coin and Hidden Hill Deposits.
​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Structure:
The most prominent structure visible in the surface geology is the Page Fault Zone, which extends across the property from a northeast to north trend, terminating at Confidence Mountain.
​
​
Alteration:
The volcaniclastic sedimentary rocks that host the gold-silver mineralization exhibit variable to extreme alteration. Intense chalcedonic silicification is observed in outcrops on the western flank of Confidence Mountain, while in drill holes, intense fine-grained silicification is present, as is argillic alteration.
​
Gold-bearing quartz veins along the Page Fault and surrounding Deadhorse Hill are characterized by crystalline quartz and adularia with very limited selvedges of silicification and sericite. Gold mineralization within the Hidden Hill zone is typically associated with intense clay-pyrite alteration.
​
Supergene oxidation may extend to depths of more than 600ft along fault and fracture zones, but more generally extends to depths of 100-200ft in the Hidden Hill and Gold Coin zones.
​
​
Historic Exploration:
Gold was first discovered in the Golden Arrow Mining District in 1905, and by 1917, deposits were being explored at the Golden Arrow, Gold Bar, and Desert shafts. Gold production continued until the 1940s from several shafts up to 500ft deep. The amount of gold produced over this period is unknown.
​
The Golden Arrow property has been explored by a succession of companies since 1981. This work has included geological mapping, geochemical and geophysical surveys, and 61,268 m (361 holes) of drilling.
​
This work culminated in a historic resource estimate* for the Gold Coin and Hidden Hill Deposits of 355,000 ounces at an average grade of 0.84g/t Au and 11.25g/t Ag within the measured and indicated categories, and an additional 65,000 ounces at an average grade of 0.45g/t Au and 11.31g/t Ag contained within the inferred category.
​
​
Exploration Targets:
Based on previous work completed at Golden Arrow, 34 prospective targets for follow-up exploration have been defined. These targets include six high-priority targets, 10 medium-priority targets, and 18 low-priority targets.
​
Two of the high-priority targets are in the vicinity of Gold Coin and Hidden Hill Deposits, and four high-priority targets are in the vicinity of the Big Hope and Kawich soil sampling targets.
​
​
​
​​​​
​
​
*The QP has examined and interpreted the historical data and states that these historical estimates were attained through the analysis of the data over multiple decades by several established large mining companies, and were compiled and re-interpreted on a modern basis by Mine Development Associates of Reno, Nevada, and thus are believed by the QP to be of good quality, scope, relevance, and reliability.
Additional work is required by the Company to upgrade the resource for peripheral extensions adjacent to the Gold Coin and Hidden Hill interpreted resource bodies. Additional modern geological mapping, sampling, and geophysical analyses should be conducted by the Company in the southern and western parts of the property area to search for additional bodies of gold mineralization, in the search for expansions to the historical resources. The QP has not done sufficient work to make the resource current to market conditions and increased metal prices, and the Company is not treating the estimate as current.
Golden Arrow Project Profile
( click image for full pdf )
