Regional Geologic Context
The Hot Pot Property is located along the NNW-trending Battle Mountain – Eureka mineral lineament, lies just west of the NNW-trending northern Nevada rift (air magnetic lineament) and is crossed by the NE-trending Midas structural trend. Several multi-million ounce gold deposits are located in the nearest exposed rocks to the north, west and south along the surrounding range fronts and demonstrate the importance of the region in localizing large, gold-bearing hydrothermal systems.
The property is located several miles from the nearest outcropping bedrock and is completely covered by sand and gravel. Gravity, air magnetic, seismic, and drill data all show the sand and gravel cover to be shallow, with bedrock located only a few hundred feet deep over large areas. Rocks exposed in the ranges surrounding the gravel-filled basin show evidence of a long lived and complex metamorphic, sedimentary, volcanic and igneous history, and the structural history is just as long-lived and complex.
- 8 km (5 miles) east of the Lone Tree Mine, which is being mined by Newmont Mining Corp (NYSE:NEM) (combined past production and resource: >5,000,000 oz Au)
- 8 km (5 miles) north-northeast of the Marigold Mine, which is owned by Goldcorp Inc. (TSX:G) and Barrick Gold Corp (TSX:ABX) (combined past production and resource: >4,000,000 oz Au)
- 43 km (27 miles) south-southeast of the Turquoise Ridge/Getchell Mine, which is owned by Barrick Gold Corp (TSX:ABX) and Newmont Mining Corp (NYSE:NEM) (combined past production and resource : >15M oz Au)
- 35 km (22 miles) south-southeast of the Pinson Mine, currently owned by Barrick Gold Corp (TSX:ABX) and Atna Resources Ltd. (TSX:ATN) (past production: >1M oz Au).