Valor Gold is a junior exploration company currently focused on two key positions in North-Central Nevada’s thriving mining industry (represents 80% of all gold taken out of NV), which is considered to be among the cream of the crop for mining locales globally, due in large part to the combination of abundant mineral resources, advanced logistics, and the state government’s extremely receptive attitude towards mineral development in general.
The flagship Red Rock site is getting the lion’s share of attention from VGLD management these days due to its extremely favorable geographical location, situated as it is between Barrick Gold’s 25-35M ounce Pipeline/Cortez Hill mines to the southeast and the 14-18M ounce Phoenix/McCoy Cove mines operated by Newmont Mining, just west/northwest of the property. When you consider the strategic attitude towards growth held by well-known players like Newmont and Barrick, especially given the difficulty/cost of locating and bringing new drill sites to production, VGLD’s Red Rock site becomes a very attractive partner/acquisition candidate.
More importantly, the Red Rock site itself rests at the nexus of the Battle Mountain-Eureka Gold (at least 50M known oz Au), Rabbit Creek Gold (40M known oz Au), and Caetano Caldera (localization of some 30M plus oz Au) trends. There is vast potential for Carlin-type mineralization here and we have a variety of data sets which validate this analysis. From the historic work done on the eastern part of the property which showed intersection into the Carlin host rock formation (lower-plate Roberts Mountains intercepts at 1,440 and 1,460 feet), to the recent drilling program work done by VGLD which has shown four distinct target areas on the property, there is a clearly emerging picture of deep Carlin-type gold in, or adjacent, to some really nice structural zones.
The company has thrown broad-spectrum data collection at the site including extensive gravity and CSAMT geophysical surveying, in addition to drilling, geologic mapping, and geochemical sampling (rock, soil, and sagebrush). The resulting target map for Red Rock is impressive and contains four distinct zones that trace what is considered the main conduit for metal bearing mineralization, a northwest-trending arc with gold values up to 1.2 g/t in soil and 3.29 g/t in rock.
The Southern Target kicked up a major north-south structural zone via 2011 CSAMT work, validating a gold target where this zone intersects the northwest-trending Caetano Fault Zone (hosted in the lower-plate carbonate rock that stretches up to moderately shallow depths), all underneath 0.318 g/t gold in soil concentrations with a strong arsenic secondary (272 ppm). The Centerra Target shows similarly high grade gold in rock returns in the 0.38 g/t Au range and while the extent of this mineralization has yet to be fully defined, drilling efforts did intersect the zone horizon and there is a very clear gold-bearing zone definition measuring some 2,200 by 200 feet.
The Central Target is another massive rock and soil anomaly, clocking in at around 6,000 by 2,000 feet in the upper-plate rocks. This target returned some choice gold values as high as 1.7 g/t Au and again has very encouraging secondary values in arsenic, antimony, mercury, zinc, molybdenite, barite, and thallium. The Northern Target showed some great Carlin correlation through combined rock and soil analysis as well, with broad gold and silver returns accompanied by arsenic, antimony, mercury, lead, and zinc defining a roughly 2,950 by 2,300 foot anomaly largely in the upper-plate siliciclastic (sedimentary, noncarbonate) rocks. With several altered felsic dikes jutting into the Paleozoic strata, there is further convincing evidence of Carlin-type mineralization, reinforcing the overall potential at Red Rock.
Turning to the company’s second site, the North Battle Mountain Mineral prospect, up along the Northern Nevada Rift in Lander County, VGLD has 72 unpatented lode mining claims on some 1,520 acres, in the heart of the (8M known ounces) Battle Mountain gold belt. The company has identified drilling targets among an east-west trending fault series via a bevy of geochemical rock sampling and geologic mapping efforts to date. With numerous outcropping dikes on the property and gravity geophysical survey data showing a strong high-gravity anomaly, there is clear indication for a potential major underground intrusive body that pumped precious metal-laden material out along the aforementioned faults.
Both sites show good baseline geology for Carlin-type mineralization, with multiple secondary elements typically associated with this type of mineralization. The potential ROI growth of uncovering substantial Carlin-type mineralization should make investor heads turn on a swivel, especially considering the intercepts at Red Rock of ore-grade gold in multiple drill holes during their most recent program and the exceptional geographic position, sandwiched between major players like Newmont and Barrick who are increasingly acquisition-hungry.
The company recently added some of the top mining experts in the field today to their Geological Advisory Board, with 35-year veteran and former Newmont mining Chief Geologist Dr. Odin (Odie) Christensen and 29-year veteran Winthrop (Win) Rowe coming on board to assist a geological team headed up by, VGLD President and CEO Arthur Leger, a serious veteran himself with a distinguished track record in the industry. Other notable personnel on board are David Rector and Oliver-Barret Lindsay, two more top indivduals in the mining field, each with the kind of precious metals and entrepreneurial experience needed to bring the company’s strategic goals to true fruition.
For more information on Valor Gold Corp., please visit the company’s website at: www.ValorGold.com
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