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Silverbow Project The Silverbow Project offers the Company an opportunity to develop a historic gold-silver district with modest past production into a modern mining center. Silverbow, located in Nye County, NV, was acquired in February 2003 through a mining lease agreement with Donald K. Jennings and Renegade Exploration. The Project is accessible by paved road east of Tonopah on SR 6 and southeast on the access road to the Nevada Test Site boundary, then approximately 20 miles of single track gravel road. The property is comprised of 73 unpatented lode mining claims, covering 1,460 acres, in the historic Silverbow mining district. Despite its isolated location, old time prospectors have peppered the hills of the Silverbow district with numerous prospect pits, adits and shafts following a gold-silver quartz vein system exposed for over five miles of strike length. These old workings have laid open a precious metal vein system that Golden Predator geologists believe may represent the upper levels of Bonanza gold epithermal vein deposit. Sampling by company geologists support the gold-rich potential of this precious metal district and results are being used to target drilling of the exposed veins. History Gold and silver were first identified at Silverbow in the fall of 1904 with the first shipments of ore in 1906; however by the fall of the same year the area was abandoned. The district became active again in 1913 and 1920 when small stamp mills were built and again in 1964 when the Tickabo Mining and Milling Co. reactivated several small mines. Since the early 1960's there have been at least four programs of exploratory drilling carried out within and adjacent to the property. A total of 17 diamond core and rotary drill holes were completed by the Browne Group in the gulch west of the Silverbow town site in the 1960's. Amoco Minerals Co. completed 6 rotary drill holes north of the town site and near the Hillside Mine in 1983-1984. Later in the 1980's, several rotary holes were drilled by NERCO. In late 1993 and early 1994, the Phelps Dodge Mining Co. carried out a program of reverse circulation rotary drilling in the ridge west of the Silverbow town site. In 1997, Placer Dome Inc. completed the latest round of drilling but did not follow up on this work. Geology and Mineralization
Mineralization at Silverbow occurs along westerly trending, steeply dipping faults and is hosted by the Miocene Fraction Tuff and Tuff of White Blotch Springs. At least two, steeply dipping vein systems that contain banded quartz, are locally brecciated and contain gold and/or silver mineralization. Intersecting the westerly trending faults are northwest and northeast crossing structures, which also locally contain veins. In addition to quartz as the primary vein mineral, calcite and adularia are also reported within the veins and widespread wall rock alteration includes silicification, illite-sericite, kaolinite and minor amounts of smectite. The main ore minerals consist of stephanite, ruby silver, cerargyrite and electrum. Exploration Potential
In November of 2007, the Company completed six reverse circulation drill holes on one of the westerly trending mineralized zones, known as the Catlin vein system, at the northeast end of the property. This drilling was limited to pre-existing, narrow roads, which upon drilling showed that the drill holes did not step out far enough away from the veins and consequently the main vein targets of this drilling were not intersected. Of interest, however, was a three foot wide silicified zone consisting of an epithermal quartz stockwork that was intersected in one of the holes, and is believed to be branching off of the main vein system. Golden Predator is currently in the process of permitting new roads for the construction of six additional drill pads. The new permits will allow access to more efficiently test existing and recently discovered vein systems. The next round of drilling is planned for the 2008 field season. | |
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