White Point

Highlights:

  • Sheeted gold bearing vein zone +200 meters wide.
  • Historic workings with very high grades of up to 18 g/t Au.
  • Historic mines with very high-grade veins were exploited in the early 1900s.
  • Surface channel samples demonstrate gold occur over wide zones with grades above the current resources as demonstrated by these results; 13.7 meters @ 0.89 g/t Au, 12.9 g/t Ag and 26.5 meters @ 0.7 g/t Au, 8.6 g/t Ag, and 30.5 meters @ 0.6g/t gold, 8.3 g/t Ag
  • 5 holes were drilled in 2011 but all were lost before reaching the main target zone due to difficult drilling conditions and yet a hole contained 9.2 meters @ 1.52 g/t Au, 6.3 g/t Ag.
  • In August 2021, GRC will start drilling for an efficient first pass test in this exciting target with significant potential.

Description:

White Point is located just 400 meters west of the Grey Eagle resource, on the Nevada side of the Gold Springs project.

This target is characterized by an outcropping, gold bearing, sheeted vein zone consisting of individual veins 0.5 to 5 meters in thickness

White Point, along with Midnight, is unique in the Gold Springs project area in that mineralization is controlled by a wide zone of veins formed in a large structural setting. Both targets have historic mines with very high-grade veins that were exploited in the early 1900s.

The vein zone at White Point is over 200 meters wide with the spacing between veins ranges from a few centimeters to several meters. This high density of veins creates a large tonnage bulk mineable target. The entire zone can be followed along strike for 400 meters with projected extensions covered by younger post-mineral rocks. These same younger rocks cover much of the Grey Eagle deposit which may be connected to White Point at depth.


Drilling results:

A total of 5 holes were drilled at White Point in 2011 but all were lost before reaching the main target zone due to difficult drilling conditions. GRC has now constructed drill pads at locations which will allow for an efficient first pass test of this exciting target. Plans are to drill White Point in August of 2021 with the first assay results expected in September-October 2021.The significant drill results from 2011 were as follows:

Hole

From (m)

To (m)

Thickness (m)

Gold (g/t)

Silver (g/t)

HS-11-01

9.1

18.3

9.2

0.5

3.3

HS-11-02

13.7

21.3

7.6

0.62

2.4

HS-11-03

42.6

51.8

9.2

1.52

6.3

and

70.1

71.6

1.5

1.55

1.5

HS-11-05

45.7

57.9

12.2

0.72

4.4

Resource:

None at this time.

Geology:

Historical mining activities at White Point focused on a 200 meters wide zone of sheeted veins within an andesite host rock which can be traced for 400 meters on surface prior to being obscured by post-mineral cover. White Point displays complex structures which not only control the extensive sheeted vein system but have down-dropped portions of the system where it is covered by the post-mineral tuff unit. In these down dropped areas more of the system should be preserved making them attractive drill targets. This cover occurs to the south and east of the White Point where the potential extension of the sheeted vein zone is separated from the Grey Eagle resource by one of the tuff-filled, down-dropped fault blocks. This is also the area where a major northeast trending fault system is projected to intersect the caldera margin which hosts the Grey Eagle resource.

  • System Type: Low sulphidation epithermal system comprised of a sheeted quartz-calcite vein zone, surrounded by stockwork veining and brecciation.
  • Strike-Length: The White Point target has a width of 200 meters and a strike-length of 400 meters before being obscured by post-mineral cover.
  • Structural Geology: The structural setting at White Point is dominated by the intersection of a northeast-trending fault systems that controls the exposed vein system and is reflected in the orientation of the ZTEM resistivity anomaly with the caldera margin that hosts the Grey Eagle resource (see maps below). This projected intersection is under post-mineral tuffs.

Geophysics:

The White Point target is situated along a resistivity high anomaly which is also associated with the Grey Eagle resource, as identified in the airborne ZTEM geophysical survey (see maps below). This ZTEM feature can be traced for +2 kilometers to the northwest into areas predominantly covered by post-mineral colluvium (gravels). It highlights a strong resistivity response like that found in all of the current resource areas.

Geochemistry:

Mineralized zones consist of 0.5 to 5 meters wide quartz-calcite veins, strongly silicified breccias and extensive stockwork veining. Several historical mines exploited both individual veins and sheeted vein zones. GRC sampling has generated grades of up to 8.4 g/t gold from these historical workings. The potential for significant bulk gold mineralization is highlighted by some of GRC pas sampling where surface channel samples returned the following values:

Length of Channel Sample (metres)

Au (g/t)

Ag (g/t)

7.62

0.85

6.7

27.4

0.63

6.7

13.7

0.89

12.9

30.5

0.60

8.3

26.5

0.70

8.6

Recent geologic mapping with associated surface sampling by GRC has further defined the White Point target which is now drill ready. The recent sampling produced the following results with gold grades greater than 0.25 g/t Au (cutoff grade of the existing resources at Gold Springs). Previous sample results of the Company can be found below as well.

Table: Recent Rock Chip Sampling Results from White Point:

Sample ID

Company

Sample Type

Description

Au (g/t)

Ag (g/t)

87220

GRC

Dump

Stockwork veining

13.9

3.7

87250

GRC

Float

Banded/bladed quartz vein

0.29

3.4

87251

GRC

Discontinuous chip, 0.5m

Banded quartz-calcite vein

1.32

7.9

87254

GRC

Discontinuous chip, 2m

Quartz vein

1.04

4.1

87262

GRC

Grab

banded/bladed sheeted quartz vein zone

0.29

12.3

A cutoff grade of 0.25 g/t Au was used, which is the cutoff grade of the nearby Grey Eagle resource.

Table: Previous Rock Chip Sampling Results from White Point:

SAMPLE

Company

Sample Type

Description

Au (g/t)

Ag (g/t)

41556

GRC

Dump

1.5 metre quartz breccia

0.34

0.5

139513

GRC

7 meters channel

Clay altered andesite with 10% quartz -calcite stockwork

0.38

4.7

114375

GRC

Discontinuous chip 0.5 meters

Sheeted, banded quartz vein

0.44

1.4

114378

GRC

Discontinuous chip, 1.5m

Clay altered fault zone

0.31

10.4

114379

GRC

Continuous chip, 0.5m

Breccia with stockwork veining.

0.39

2.4

114381

GRC

Continuous chip, 1.5m

Quartz stockwork veining in relatively unaltered andesite.

1.06

16.3

114387

GRC

Continuous chip, 1m

Sheeted quartz-calcite veins

1.71

7.8

114388

GRC

Grab

Banded quartz-calcite vein.

0.42

6.1

114389

GRC

Discontinuous chip, 2m

Quartz-calcite vein.

2.03

8.6

114390

GRC

Discontinuous chip, 1m

Quartz-calcite vein.

1.41

6.4

114391

GRC

Grab

Quartz-calcite vein.

1.17

7.3

114392

GRC

Discontinuous chip, 2m

Quartz-calcite vein.

0.38

2.9

114403

GRC

Grab

Silicified breccia

0.25

1.5

114404

GRC

Float, 3x3m area

Vein float

0.75

5.1

114419

GRC

Float, 3x3m area

Banded and bladed white-light green quartz vein float.

1.31

8.4

114421

GRC

Float, 3x3m area

Banded and bladed white-light green quartz vein float.

0.78

9.1

114425

GRC

Float, 0.5m boulder

Sheeted veins

0.27

3.9

114427

GRC

Discontinuous, 1m

Calcite-quartz vein.

0.38

4.5

114428

GRC

Grab, 20cm

Quartz vein.

0.27

1.2

114429

GRC

Dump

Silicified breccia and massive quartz vein

0.43

2.8

114432

GRC

Grab, 15cm

Breccia

0.38

2.8

RM-17-103

GRC

Channel Sample

10 meters channel sample along road cut

1.02

4.1

RM-17-107

GRC

 

Stockwork veining

0.69

5.7

RM-17-108

GRC

 

Breccia

0.48

0.7

32402

GRC

3’ chip

Quartz-calcite vein

1.29

4.3

32406

GRC

Shaft dump

Quartz vein

0.87

2.7

32407

GRC

Dump

Banded quartz-adularia vein

8.44

8.9

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