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 |   South Sleeper (RO), Nevada
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| | Location: Nevada, USA. The property is located 2.4 kilometres south-southwest of the Sleeper gold deposit, approximately 41.8 kilometres northwest of Winnemucca, Nevada on the west flank of the Slumbering Hills in Humboldt County.
Communities: The immediate area in and around the project is uninhabited. The Sleeper Gold Property of X-Cal Resources Ltd. along with the historic mine facilities adjoin the South Sleeper (RO) property on the north. The property is covered with post mineral sediments and alluvium
Infrastructure: Good infrastructure is present in and near the property, partly a result of the historic mine workings in the immediate vicinity of the property.
Properties: 60 claims covering 4.53 square kilometres of Government (BLM) land
Ownership: 100% owned by Geologix -- CMQ has Exploration Agreement to earn 55% by meeting expenditure thresholds.
Royalties: N/A
Introduction
The South Sleeper (RO) property was acquired based on a favorable location geologically. The project is located at the northern end of the Battle Mountain Eureka trend, a structural lineament known to host other giant gold deposits in northern Nevada. The goal is to further evaluate the southwestward extension of the Sleeper Mine stratigraphy and structure.
Details of the South Sleeper (RO) Property
The Sleeper deposit produced 1,685,500 ounces of gold and 2,334,400 ounces of silver from high-grade veins and lower grade stockwork and breccia ores. Ninety percent of the ore mined was hosted by the Sleeper Rhyolite, a volcanic unit that is covered by alluvial gravels. At the present time X-Cal Resources Ltd. is evaluating a renewed geological interpretation. Published geological maps and publicly available data strongly suggests that the favorable mine stratigraphy and structure trends southwestward from the Sleeper pit onto the RO claims. Specifically, the gold-silver veins of the original Sleeper mine, a prominent magnetic low, and Landsat TM lineaments all trend towards the RO claims which are covered by alluvial gravels along the western range front. Targets include high-grade gold-silver veins hosted by volcanic units that are covered by pediment gravels.
Further information can be found at X-Cal's website at http://www.x-cal.com/ and in particular the Current Reports and Articles section which include the following relevant documents titled:
West Side Targets and West Wood Assay Highlights
NI 43-101 Technical Report for Sleeper
Evolution of the Sleeper Gold Property
Technical Report on the Sleeper Gold Property, NI 43-101 Type Report dated March 12, 2006 by Robert Thomason, M.Sc., L.Geo., Larry Kornze, P.Eng., and Winthrop Rowe, M.Sc., C.P.G.
Sleeper Paper by Dr. Richard Sillitoe
Dr. Hedenquist's Sleeper Observations
CMQ thanks Geologix for its consent to the republication of certain of Geologix's data and intellectual property. Further information can be found at Geologix's website. . |
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