Central Gold Deposit, CA, USA (100%)
Previous Exploration by INCA Mining and Homestake led to a resource based of 511,000 ounces through the drilling of 246 holes.Read More
The Central is a mesothermal gold deposit in the Mother Lode district of Northern California that has been the focus of two significant exploration programs by Homestake Mining and Inca Resources. In total over 75,000 feet of drilling was completed around the project area through 246 drill holes. Of these, 79 holes totaling over 20,000 feet were drilled within the mineralized zone of the Central leading to a resource base of 511,000 ounces.
Inca completed environmental and feasibility studies and had initiatied the permitting process but ran into financial constraints when funding dried up due to the negative gold price environment in the late 1980's.
NRH plans to advance the Central deposit along the path towards production given the advanced stage of the property
- Acquired in 2009
- 100% Owned by NRH
- 511,000 ozs Historical Gold Resources
- Extensive drilling by INCA Resources in the 1980's delineated 8,659,000 tons of ore grading .059 opt through 79 drill holes.
- Engineering and Environmental Reports all filed with Toronto Stock Exchange.
- Low Holding Costs -- Less than 1 cents per ounce in the ground.
- Significant upside potential as cutoff grade of .02 opt used for the estimation of resources.
- Significant potential to extend mineralization to depth as historical drilling to relatively shallow depths (100-150 metres) while motherlode deposits are known to extend to 2,000 metres.
Racey Gold Deposit Resources
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Mineral Resources have not demonstrated economic viability and should not be treated as reserves.
See "Cautionary Note Concerning Reserve & Resource Estimates"