Jupiter Project R E F I N I N G T H E A R T O F M I N E R A L E X P L O R A T I O N
Overview A large Carlin-style Au system, at least 4.5 km long and 3.5 km wide, occurs in early Paleozoic limestones and Tertiary volcanic rocks Up to 3.1 g Au/t with a strong Carlinsuite element signature Mapping and biostratigraphy by Kinetic Gold have identified a previously unrecognized thrust, leading to important reinterpretation of the stratigraphy High-quality untested drill targets at the Cambrian/Ordovician erosional unconformity have now been recognized Jupiter Independence
Location Northumberland Southern Nye County Round Mtn Near Eastern margin of Walker Lane Along NW alignment of sediment-hosted gold deposits Manhattan Longstreet Tybo Morey 120 claims Midway Willow Creek Tonopah Ellendale Reveille Golden Arrow Freiberg Goldfield Queen City (Jupiter) Groom
Geology Jupiter Cambrian Nopah (Cn) formation and undivided Paleozoic (Pzu) shown on southern Nye County geologic map Surrounded by Tertiary volcanic units N 0 5 miles (Cornwall, 1972)
Historical Exploration US Minerals Exploration (1981-1984) Possibly 4-6 holes drilled in the area of Hg workings Freeport (1987) 2 holes drilled in pediment, location unclear Newmont (1989) No evidence of drilling Kennecott (1990) 12 drillholes were permitted in volcanic rocks Beta Minerals (2003-2005) No drilling Geologix Explorations (2005-2008) Drilled 8 vertical RC holes (640-840ft) in 3 areas of gold-bearing jasperoids 7 of 8 intersected anomalous gold: high 1.154 ppm Au over 10 feet Altan Nevada (2011 current) Drilled 8 holes in volcanic rocks highest gold was apparently 110 ppb over 20 feet
Geology Mapping by Kinetic Gold reveals C carbonates thrust over Ord lms, chert, shale WNW and EW faults cut by N, NE, and NW transtensional faults Qal Ols Olc Clp WNW intermediate intrusion (24.2-24.7 Ma) assoc. with small mt skarn Tv Tv - 21.1-21.9 Ma; 24.9-25.3 Ma Clmbc Altered felsic dikes assoc. with Au and jasperoid Au mineralization with Carlin suite elements in Pz and Tertiary rocks
Biostratigraphy Conodont Data: (Zippi, 2015) Sample ID JUP PL-1 JUP PL-2 JUP PL-3 Interpreted Age Latest Cambrian Undetermined Mid. Ord. or younger Qal Ols Olc Clp JUP PL-1 Age dating confirms Clmbc (lms with med.-bedded cht unit is Latest Cambrian Clmbc is host to largest jasperoids and most exposed Au mineralization JUP PL-3 Clmbc JUP PL-2 Tv Cambro-Ordovician unconformity preserved beneath Tv and Qal Cambrian is thrust over Ordovician
Jasperoids Concordant jasperoid mostly confined to uppermost Cambrian Discordant jasperoid throughout stratigraphy
Stratigraphy and Deformation Clmbc medium to thin bedded cherty limestone Clp thin to medium bedded bioturbated platy limestone Cambrian Ordovician Olc thin bedded cherty limestone
Stratigraphy and Deformation Cambrian Clp thin to medium bedded bioturbated platy limestone Ordovician Olc thin bedded cherty limestone
Stratigraphy and Deformation Ordovician
Au in rocks Widespread carbonatehosted Au mineralization in Cambrian and Ordovician carbonates Strike length of 4.5 km Highest Au grades (3.1 g Au/t in North; 1.2 g Au/t in South) Au associated with jasperoid, N, NE, and NW faults, subtle N to NE anticlines, and EW-WNW altered felsic dikes Mineralization mostly outboard of marble halo
As in rocks Correlation Coefficients Element All Rocks n = 927 Au Kinetic Rocks n = 204 Au As 0.46 0.70 Sb 0.35 0.55 Hg 0.28 0.41 Tl 0.15 0.07 Fe 0.25 0.65 Ag 0.10 0.24 Cu 0.06 0.10 Pb 0.02-0.01 Zn 0.02 0.00 Mo 0.07 0.08 W 0.06 0.05
Sb in rocks Correlation Coefficients Element All Rocks n = 927 Au Kinetic Rocks n = 204 Au As 0.46 0.70 Sb 0.35 0.55 Hg 0.28 0.41 Tl 0.15 0.07 Fe 0.25 0.65 Ag 0.10 0.24 Cu 0.06 0.10 Pb 0.02-0.01 Zn 0.02 0.00 Mo 0.07 0.08 W 0.06 0.05
Hg in rocks Correlation Coefficients Element All Rocks n = 927 Au Kinetic Rocks n = 204 Au As 0.46 0.70 Sb 0.35 0.55 Hg 0.28 0.41 Tl 0.15 0.07 Fe 0.25 0.65 Ag 0.10 0.24 Cu 0.06 0.10 Pb 0.02-0.01 Zn 0.02 0.00 Mo 0.07 0.08 W 0.06 0.05
Tl in rocks Correlation Coefficients Element All Rocks n = 927 Au Kinetic Rocks n = 204 Au As 0.46 0.70 Sb 0.35 0.55 Hg 0.28 0.41 Tl 0.15 0.07 Fe 0.25 0.65 Ag 0.10 0.24 Cu 0.06 0.10 Pb 0.02-0.01 Zn 0.02 0.00 Mo 0.07 0.08 W 0.06 0.05
Drill Target Areas Cambrian/Ordovician Unconformity Carlin-style mineralization in Fe-rich karst environment with lms/dol contacts?, terra rossa? (1, 2, 3) Paleozoic/Tertiary Unconformity Epithermal mineralization at base of Tertiary volcanics (1, 3) High Angle Faults Mineralization hosted in carbonates and dikes (1, 2, 3, 4) 2 4 3 1 A A B B 1. NE Pediment Target 2. Eagle Target 3. East Target 4. Dike Ridge Target
NE Pediment Target NE Pediment Target Concealed C/O unconformity? solution collapse bxa, terra rossa, silty lms, NE Fold axis Hg workings, 156 312 ppb Au Bedded jasperoid near top of exposed Cambrian section Root zone?
Drill Targets - Long section Looking WNW C C NE Pediment Target Eagle Target 1700 1600 Ols Clmbc Tv 1500 Clp
Eagle Target Cambrian Cambrian Cambrian 587 ppb Au Ordovician 982 ppb Au 24-53 ppb Au 39-634 ppm As 3-20.5 ppm Sb 0-7.5 ppm Hg jasperoid Leakage above target at C/O unconformity at shallow depth?
Drill Targets - Cross-section A A Looking North A A East Target Eagle Target
East Target JPBF002 2.1 g Au/t, 6.9 ppm Ag, 3740 ppm As, 173 ppm Hg, 97 ppm Sb JPGH057 3.1 g Au/t, 2.0 ppm Ag, 2970 ppm As, 165 ppm Hg, 106 ppm Sb JPGH056 2.6 g Au/t, 8.1 ppm Ag, 3320 ppm As, 1001 ppm Hg, 97 ppm Sb JPGH059 80 ppb Au, 764 ppm As, 66 ppm Sb, 11 ppm Hg
East Target Highest Au grades at top of exposed Cambrian section (Similar stratigraphic position to Long Canyon) Nearing C/O unconformity Au - Fe correlation Sulfidation of terra rossa? Assoc. with minor dolomite Assoc. with altered felsic dike Fe (ppm) 300000 250000 200000 150000 100000 Jupiter: Au vs Fe JPBF002 JPGH056 JPGH057 Latest Cambrian, increased Fe 50000 0 0 500 1000 1500 2000 2500 3000 3500 Au (ppb)
Drill Targets - Cross-section B - B Looking North B B Eagle Target East Target
Dike Ridge Target Past drilling tested shallow stratigraphy Au associated with clay altered qtz eye dikes Deep C/O unconformity targets Deep T/Pz target
Drill Targets - Cross-section D D Looking ENE D D marble Clp Clmbc Tv Dike Ridge Target Olc Ols Clmbc Clp Gold in Drill Holes (ppb) 0-20 20-100 100-200 200-1154
Jupiter Project Summary Large, strong alteration system Hydrothermal system is at least 4.5 km long by 3.5 km wide Alteration and mineralization in carbonate sequence and volcanic rocks Abundant and widespread jasperoid One or more metal-bearing intrusive events Carlin-style mineralization Widespread Au with values up to 3.1 g Au/t Robust correlations between Au and Carlin-suite pathfinder elements Low base metals in target areas Favorable structural setting Thrusting and folding places Cambrian on Ordovician Cut by EW WNW probable tear faults Cut by numerous N, NNW, NNE, and NE transtensional faults Favorable host rocks Cambrian and Ordovician carbonates Cambrian-Ordovician unconformity concealed Large, high quality, untested drill targets