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Maverick Springs Project
Maverick Springs
Country USA 
Close to Ruby valley
Status ADVANCED DISCOVERY  Mining Trend Carlin Trend
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
Resource Risk : 27.00%
In situ value
2,956,926,902 $
    Link to technical report
Title(s) of the Maverick Springs Project
Allied Nevada Gold Corp.
Interest: 100%
Company ProfileAll ProjectsCompany website
TitleCompany ProfileAll ProjectsCompany websiteCompany 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 ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany 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 more...
 
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.
 
Reserves and resources of the Maverick Springs Project
TonnageGradeReserves and resources
SilverGoldSilverGold
g/tg/tozoz
 Indicated00.000.34 761 143
 Mesured and Indicated00.000.34 761 143
 Inferred85,550,00034.280.00 94 287 012
 Total 85 550 000 94 287 012 761 143
Definitions
Reserves and resources of the Maverick Springs Project
MetalTotalReservesResources / Mineralized MaterialUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Silver 94 287 012 94 287 012oz1 975 312 905 US$
 Gold 761 143 761 143 761 143 oz 994 410 773 US$
Location
Data last updated on : 12/31/2009
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources