| Risk and valuation analysis of the Long Canyon Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Long Canyon Project |
 | Fronteer Gold
Option on interest: 51% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Long Canyon is under option from AuEx Ventures Inc. Under the terms of the option, Fronteer is the operator and may earn a majority interest (51%) by investing $5 million over a five-year period. Fronteer may earn an additional 14% by advancing Long Canyon through feasibility. Fronteer is expected to vest its 51% interest within the next few months. |
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| Location of the Long Canyon Project |
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The Long Canyon Project is about 25 miles ESE of Wells, Nevada just south of Highway 80 in Elko County Nevada. The project includes about 9,000 acres of claims and reserved mineral rights. AuEx contributed approximately 6,000 acres and NewWest contributed approximately 3,000 acres.
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| History of the Long Canyon Project |
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Exploration beginning in the mid 1990's in the Pequop Mountains by Pittston Nevada Gold discovered gold bearing jasperoids on the west side of the range. Exploration subsequently located anomalous gold on the east side of the range near Long Canyon b more...
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| Geology of the Long Canyon Project |
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Long Canyon mineralization is hosted in shelf carbonates of Cambro-Ordovician age. Mineralization is largely confined to the regionally equivalent Cambrian Notch Peak Formation and the Ordovican Pogonip Formation. There appear to be both high angle and low angle structures controlling the mineralization.
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