The 121-claim project area is located in Mineral County, NV approximately 5 km east of the Rawhide mine. The property is subject to a Letter of Intent dated May 22, 2009 between Nevoro Nevada Inc. a Nevada corporation and Golden Predator Mines US Inc., a Nevada corporation ("GPUS") whereby GPUS has an option to earn up to a 75% interest in the properties. (See Press Release dated June 1, 2009). A definitive Exploration and Option Agreement is in the process of being finalized. The Eagleville property is subject to an underlying Mining lease and Option to Purchase Agreement dated August 1, 2006 between Mountain Gold Exploration Inc. and Lane A. Griffin and Associates, as Owners and Goodsprings Development Corporation, as Lessee, subsequently assigned to Nevoro Nevada Inc.
Project Geology and History
The Eagleville project is situated within the Walker Lane mineral belt and is underlain by Tertiary and pre-Tertiary granitic intrusives cut by Mesozoic metamorphosed volcanic, sedimentary and intrusive rocks within a zone of crustal weakness.
Gold was first discovered on the project in the 1882. Production from the Eagleville mine was from three sets of parallel to sub-parallel vein sets traced along a strike length in excess of 1 km and up to 2 m in width. Between 1891 and 1895 the Eagleville mine reportedly shipped US$10,000 in gold ore with an average value of US$130.00/ton (the gold value at the time was approximately US$20/oz.). Historic grades have been estimated to average between 1.7 and 6.2 oz/ton gold. Since closure of the mine, the project has only seen brief and sporadic episodes of exploration in the early 1980s and mid-1990s.
Current Work Program
Additional geologic mapping and surface sampling by Golden Predator is currently in progress for the 2009 field season. The results of which are focused towards developing a drilling proposal to initiate permitting for drilling in late 2009 or early 2010.
