(NewsDirect)
Gold Basin Resources CEO Colin Smithjoined Steve Darling from Proactive to announce the signing of aproperty option agreement with Iconic Minerals, granting Gold BasinResources a 50% interest in the New Pass gold property located inNevada. This agreement encompasses 107 unpatented mineralclaims.
Smith elaborated on thesignificance of the New Pass property, noting its hosting of theCarlin-type New Pass Gold-Silver deposit. The property boasts ahistorical Inferred Mineral Resource of 341,750 ounces of goldequivalent, with separate estimates for gold and silver. Notably, 75%of the deposit is oxidized, making it amenable to heap leaching, asdemonstrated by previous metallurgical testwork. With mineralizationopen in all directions, there is substantial potential for resourceexpansion and conversion.
Situatedwithin Nevada's prolific Sulfur-Lovestock-Austin structural goldtrend, New Pass is strategically located just 75 kilometerssouth-southwest of the past-producing McCoy-Cove Mine, which is set toresume production under i-80 Gold Corp. Furthermore, the propertybenefits from an active Plan of Operations, permitting up to 25 acresof exploration-associated allowable disturbance.
Smith outlined the company's plans toswiftly advance the New Pass asset in tandem with its Gold BasinProject, with a focus on conducting on-the-ground explorationactivities to unlock the property's full potential.
With theacquisition of the New Pass gold property, Gold Basin Resources iswell-positioned to capitalize on the opportunities presented byNevada's renowned gold-rich geological terrain and contribute toits growing portfolio of valuable mineral assets.
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Proactive North America
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