| SILVER CLOUD Project |
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SILVER CLOUD |
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Country |
USA
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Status |
BROWN EXPLORATION
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Surface |
45 km² / 11,208 acres |
Number of claims |
552 |
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Latitude / Longitude |
41 N 03 / 116 W 37 |
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Legends
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Explores for
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Gold - Silver -
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| Risk and valuation analysis of the SILVER CLOUD Project |
| Status Risk : Brown exploration |
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| Title(s) of the SILVER CLOUD Project |
 | Geologix Explorations Inc.
Interest: 65% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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According to the earn-in agreement with Teck Cominco, Geologix now owns 65% (Teck Cominco 35%) of the Silver Cloud claims subject to underlying lease agreements with Placer Dome (Barrick) and a local underlying owner.
Production from Silver Cloud is subject to NSR royalties due to Placer Dome (Barrick) of 2% (capped) and the underlying claim owner of 3%. |
 | Teck Resources Limited
Interest: 35% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the SILVER CLOUD Project |
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Silver Cloud gold-silver property is located in northern Nevada within the Northern Nevada Rift near the juncture with the Carlin Trend and adjacent to the Hollister low-sulfidation, bonanza epithermal gold deposit of Great Basin Gold. It is also located south, along trend, of the Midas mine (Newmont).
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| History of the SILVER CLOUD Project |
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Previous exploration on the Silver Cloud Property by Teck and Placer Dome has proven the existence of low-sulfidation, bonanza-grade vein occurrences beneath the mercury-bearing hot spring silica deposits. Results include drill intercepts of 1.5 metres of 157 g/t gold at a depth of 318 metres and 12.2 metres of 5.53 g/t gold at a depth of 208 metres found in widely separate target areas.
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Data last updated on : 6/30/2008
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Disclaimer
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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.
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