RE-DISCOVERING A HIGH GRADE UNDERGROUND GOLD MINE – LOST IN TIME
Re-discovering a high grade underground gold mine, lost in time.
FREMONT – HIGH-GRADE TARGET IN MOTHER LODE (50,000,000 Oz produced)
Underpinned by 1+2 Moz, NI 43-101 2023 PEA
- Private Land: 3,351 acres in Mariposa, original gold rush county
- Historical Mine: 8 g/t Au; mining suspended in 1940s – 23km of underground workings
- California Active and Permitted Mines: >700, 14 lode gold
- Near 5 current and past-producing gold mines: Castle Mountain and Mesquite (Equinox Gold), Soledad Mountain (Andean), and Kennedy & Argonaut Gold Mines (13 g/t Au deposits at 1,800m depth on Mother Lode, 100 km north)
- Evaluate High-Grade Underground Potential: Develop Conceptual Geological Model (Possibly 1Moz at 5g/t Au (3g/t cut-off); Upside 6x)
- Mineralized Structure and Control: Open along strike (4km) and depth (> 1,000m); 3 step-out holes hit structure (confirmed by 1200-m wildcat drill hole)
- Underpin: 2023 MRE – 1 Moz Au Ind. & 2 Moz Au Inf.; sensitivity to 2023 PEA at $2,000/oz at $370M NPV(5), 31.1% IRR; MRE based only on 35% of strike; BONUS: +156,000 oz oxide
- Infrastructure: 90 min from Fresno, road, hydro, and railhead access
More questions? Please review our investor deck here.
