Risk and valuation analysis of the Debut Gold Project |
Status Risk : Green exploration |
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Location of the Debut Gold Project |
The Debut Gold Property is located within the Delker Mining District of NE Nevada and lies approximately 96 miles SE of the town of Elko.
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History of the Debut Gold Project |
Canasia Industries Corporation entered into an option agreement with Golden
Patriot Corp for the Debut in December, 2006. Terms of the option require
Canasia Industries Corporation to spend $1,000,000 in exploration over the next
ten years to vest a 50% interest in the property.
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Geology of the Debut Gold Project |
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The geologic setting of the Debut is nearly identical to the nearby deposits of Alligator Ridge mine (48 miles) and Bald Mountain Mine ( 38 miles ), the later of which has, to date, reserves of 440,000 oz AU ($272 mill).
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