Hot Springs Peak

Hot Springs Peak – The project area consists of 167 claims covering the targeted discovery area and a buffer zone located in Humboldt County Nevada approximately 55 kilometers northeast of Winnemucca Nevada.  A NI 43-101 Technical Report was completed in June 2017.  Field work identified the potential for a large "Carlin Style" alteration system based on the 1.5 km long hornfels altered trend at the surface, widespread arsenic mineralization, and the 0.701 opt gold (24 g/t) sample that was collected from aggregate sampling from historic shaft dumps that exploited the near surface high grade gold.

Geophysics revealed a magnetic low underlying the hornfels alteration area and chargeability high coincident with magnetic low and hornfels alteration.  There is also a resistivity high crosscutting the magnetic low, hornfels alteration and extending below the chargeability high.

Six holes were drilled in two drill campaigns consisting of 5 reverse circulation holes and one deep core hole.

HSP-RC5 intersected a 26 meter gold-arsenic zone averaging 0.133 g/t Au that included 1.5 meters of 0.69 g/t Au.  A second gold-anomalous zone contains arsenic values ranging from 486 ppm to greater than 10,000 ppm with the entire 274 meter drill section averaging 377 ppm arsenic.

The 26 meter gold-arsenic anomalous zone intersected by hole HSP-RC5 is considered to be a localized mineralized cap sourced from deeper, untested Carlin-style gold mineralization.  Target areas are located southwest of, and beneath, the HSP-RC5 anomalous zone where a resistivity high may represent favourable limestone host rocks under the gravel cover.

NI 43-101 Report on Hot Springs Peak Gold

The Hot Springs Property consists of 98 unpatented lode mining claims owned by Buena Vista Minerals Inc. in the northern Hot Springs Range in northern Nevada and 4 claims leased from a private owner. The property is an early stage gold exploration project with little drill data, although indications of a “Carlin Style” alteration system in Mesozoic Age phyllite-argillite are present and untested in more favorable carbonate host rocks under and adjacent to the phyllite.

  • NI 43-101 Technical Report Completed in June 2017

Hot Springs Peak (“HSP”) is in Humboldt County Nevada, approximately 55 km NNE of Winnemucca, with access to the property via existing roads. The HSP property is located within the Northern Nevada Rift which is host to numerous mines and deposits.

Recent sampling and mapping confirm the historic mention of surface gold mineralization. Future exploration will be focused on concealed “Carlin Type” mineralization based on the alteration system and the recent geophysics.

Hot Springs Peak 2018/2019 Budget and Plans

Phase 1 - Completed:

  • IP/Resistivity survey and interpretation
  • Drill planning and mapping
  • Permitting and bonding
  • Analysis and consulting

Phase 2 - Completed December 2018:

  • 4 holes totalling 3,350 - R/C
  • Logging and in-field analysis

Phase 2 - Remaining:

  • Analysis and interpretation
  • Assay
  • Stake additional ground if warranted
  • Updated Technical Report

Phase 3:

  • Follow on drill program
  • Chip Analysis
  • Further Surveys as dictated by results of Phase 2

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