Miracle

System Type:

Low sulphidation, epithermal, quartz vein system.

Strike-Length:

Unknown as the surrounding area is covered by post-mineral colluvium (gravels).

Resource:

None at this time

Location:

The Miracle target is located on the Nevada side of the Gold Springs project, 300 meters west of the Horseshoe Extension target.

Drilling:

None

Geophysics:

The Miracle target is associated with a CSAMT resistivity high running parallel and just west of the Horseshoe-Homestake structural corridor.

Geology:

The Miracle target consists of north-south striking quartz veining surrounded by quartz-sericite altered andesite host rock exposed in a series of small historical workings. The workings extend over an area of approximately 40x50 meters in a large area of post mineral cover.

Structural Geology:

The Miracle vein system is exposed at the edge of a northeast trending structural corridor which is a step-over fault between two parallel north-south major structures. This same geometry is seen at the North Jumbo resource where drilling has demonstrated significant gold mineralization.

Historical Mining:

Much of the area is covered by post-mineral gravels but in the uncovered area an adit and shaft exploited a 1-meter-wide light-green, banded quartz-calcite vein similar to those seen at the historic Horseshoe underground mine.

Geochemistry:

Very limited sampling has been conducted on the Miracle target. Sampling of the vein material produced values as high as 0.5 g/t gold with 2 g/t silver.

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