Golconda
Highlights
- Historic zinc mine: Once Arizona’s largest Zn-Pb mine c.1907
- Contains numerous historic small mines including Tub, Big Bethel, Green Linnet, Oro Plata, Prosperity, Primrose, Blackfoot and Mexican
- Discovery potential: Mined to a depth of 400m with high gold and silver grades, however precious metals potential largely untested. There has been no systematic exploration in over 30 years
- Excellent Location: Located in the Wallapai Gold District – known for extensive vein systems and unusually high precious metals grades
- Proximal to Mineral Park porphyry Cu-Mo deposit (100Mt at 0.45% Cu and 0.04% Mo)
- Good access and infrastructure
Looking Over the Golconda Project Area
Golconda – A Historic Mine
Exploration Overview
- Multiple vein structures (over 10km), with known Au-Ag mineralization, open along strike and at depth including:
- 2km long Tub-Golden Eagle Vein (priority drill target)
- 30-130m wide zones of alteration, fracturing, brecciation and veining
- Largely untested; most of the limited prior drilling is shallow; many holes are vertical;no systematic surface geochemical or geophysical surveys;
- Highest resolution commercial satellite WorldView-3 survey provided detailed mineral identification of project area
- Prior drilling (1980’s and 2003) intersected +10m wide zones of +2g/t Au-Ag mineralisation
- 5,000m RC drilling program planned for Q4 2022
