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Exploration Projects - Nevada
Jenny Hill


Location

The Jenny Hill project comprises 182 unpatented claims in Mineral County, about 100 km (60 miles) southeast of Fallon, NV. The property is located on the northern margin of the Walker Lane structural belt and is situated on-trend between the 1.7 million oz Rawhide gold mine and the 1.5 million oz Paradise Peak gold mine.

Project Geology and History

A large body of Mesozoic diorite has intruded Triassic sedimentary rocks creating extensive zones of skarn alteration with associated gold-silver-copper mineralization. Other targets on the property include the following;
  • two sets of quartz veins which contain > 1 oz/ton gold along with crystalline stibnite;
  • a quartz veinlet stockwork zone with a strike length of 365 m (1200 ft) containing anomalous copper and gold values;
  • a thick section of calcareous sediments containing anomalous gold, arsenic, antimony and mercury values;
  • an intensely altered, diorite- matrix breccia pipe;
  • a prominent magnetic high on the pediment.
An extensive data package created by a previous lessee includes assays and logs for 10 RC holes, a detailed geological map, a ground magnetic survey and rock chip samples with multi-element assay results for the entire project as well as a gravity survey and soil sampling survey for selected portions of the project.

Earlier drilling on the fringes of the gold anomaly in calcareous sedimentary rocks intersected 22 m (75 ft) of 81 ppb gold, and drilling on the eastern edge of the diorite intrusion intersected 152 m (500 ft) of mixed altered dikes and skarn zones with a maximum gold value of 140 ppb. None of the other targets have been drilled and no multi-element analyses were done on any of the historic drill holes.

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 property was initially acquired by Nevoro Nevada Inc. under a Lease with Option to Purchase Agreement from a private party. The basic lease terms call for a payment of $11,700 on signing with payments of $15,000, $25,000, $35,000 and $50,000 due on subsequent anniversaries. Purchase of the claims for $500,000 is required before mining activity begins. Up to $300,000 of previously made payments will be credited toward the purchase price. A 3% NSR royalty to the owner survives the purchase of the claims, and one third of this royalty can be purchased for $1,000,000.

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.

Photos

 

Overview Advanced Assets
Non-Core Assets
St. Elmo Tuscarora Project Eagleville Jenny Hill Mina Treasure Hill
Nevada

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