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Maverick Springs Project
Latitude / Longitude
39 N 56 / 115 W 32
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Risk and valuation analysis of the Maverick Springs Project
Status Risk : Advanced discovery
Country Risk : Very Low
Link to technical report
Title(s) of the Maverick Springs Project
Allied Nevada Gold Corp.
Company project page
Allied Nevada has 100% interest in the gold mineralized material, while Silver Standard Resources Inc. acquired the interest in the silver mineralized material.
Silver Standard Resources Inc.
Company project page
In June, 2003, Vista entered into an agreement granting SSRI an option to acquire a 100% interest in the silver resources at Maverick Springs. Vista will retain its 100% interest in the gold resources.
Location of the Maverick Springs Project
Maverick Springs is located in northeastern Nevada, about halfway between Elko and Ely, at the southeast end of the Carlin Trend belt of gold-silver deposits. Access is by a 40-kilometer (25-mile) gravel road from the town of Ruby Valley.
History of the Maverick Springs Project
The property was first staked and explored in 1986 by Artemis Exploration Company. Vista Gold Corp. acquired a lease on the property in December 2001 and subsequently formed a joint venture with us in 2002. We will own the silver resource while Vista
Geology of the Maverick Springs Project
The silver-gold mineralization occurs as a Carlin-type, sediment/carbonate-hosted disseminated deposit measuring about 2,400 meters in length, with a width of 760 meters and a thickness of approximately 60 meters. Mineralization is open to the south and north-northwest. Preliminary metallurgical testwork indicates a process using conventional milling will yield 63% to 97% recoveries for silver.
Exploration and drilling
Vista Gold Corp. Completes Grant of Option on Silver Resourc...
Discoveries and Drilling Results
More High-Grade Silver Intersected at Maverick Springs
Data last updated on : 12/31/2009
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