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

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

Golconda – A Historic Mine

HISTORICAL MINING DISTRICT CONSOLIDATED