Surrounded by and along strike from McEwen Mining’s Gold Bar project, which is scheduled to produce 65,000 oz/annum at $728/oz starting in 2019
Part of the original Gold Bar mining complex operated by Atlas Precious Metals 1986-1994, with recorded historical production of 41,000 oz from the Gold Canyon pit
Was one of 5 satellite pits to the original Gold Bar mine. The other 4 satellite pits (Gold Pick, Gold Ridge, 2 pits at Cabin Creek) make up McEwen Mining’s mine development.
Gold Canyon claim block is immediately along strike from McEwen’s Gold Ridge pit and covers the strike extension of mineralization within that pit
Gold Canyon mineralization is controlled by a high angle feeder structure that can be traced northeast to the Northwest Gold Ridge Target identified by Atlas in 1997. Recent sampling of of this structure returned values of up to 9.15 g/t Au
An historical Atlas drill hole within the Northwest Gold Ridge Target area, returned 60 feet (18.3m) grading 3.48 g/t Au