Black Mammoth or the Company, through its wholly owned subsidiary Antelope Creek Gold Corporation, has entered into an agreement to acquire a 100% interest in 8 leased patented claims known as the Coleman Canyon Gold property. The Company has also staked 89 additional federal unpatented lode claims, totaling approximately 710 hectares. The property, formerly known as the Island Mountain property, contains gold mineralization estimated in both indicated and inferred categories within an interim technical report completed in 2015. Geochemical and geophysical data suggest the potential for significant mineralization expansion.
is pleased to announce that Antelope Creek Gold Corporation , a wholly owned subsidiary of Black Mammoth, has entered into a mineral lease purchase agreement dated, with TUVERA Exploration Inc. to acquire a 100% interest in 8 leased patented claims . The Company has also recently staked 89 federal unpatented lode claims.
Silver mineralization, once fully modelled, will add to that overall potential. The silver–gold ratio is approximately 3 to 1.-type gold deposit at depth , while strongly brecciated quartz veins in a shear zone provide the potential for a high-grade orogenic gold system within the district . Sulphide mineralization is anticipated to exist because of similar geology to other intrusions and Carlin-style deposits in the Jerritt Canyon Trend.There is a large mined-out placer deposit immediately downstream from the intrusion. This placer, known as the"Gold Creek Placer," was one of the largest wet placers in, along Coleman Creek and Gold Creek, producing approximately 40,000 oz gold from the 1890s through 1960s.
Nearly all known Mineralization is open laterally within the sedimentary units and is potentially open vertically both in the deeper oxide zone and into the sulfide zone.
Gold Mining Acquisition Coleman Canyon Mineralization
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