ABOUT THE RED HILLS PROPERTY

RED HILLS overview and Location

Red Hills is a polymetallic, carbonate replacement deposit (CRD) target located approximately 68 km northeast of Ely, Nevada, in the central portion of the Red Hills in White Pine County. The property comprises 27 unpatented lode claims and is situated in a favourable structural and lithostratigraphic setting.  Access to the property from Ely is approximately 137 km by paved and county-maintained roads.

GEOLOGY
The geology of eastern White Pine County features elongated north-trending mountain ranges and flat valleys, characteristic of Basin and Range topography. The sedimentary rock units range from Cambrian to Triassic, intruded by quartz monzonite to granodiorite stocks from the Jurassic, Cretaceous, and Tertiary periods and numerous dikes and sills.

Lithostratigraphic units include the Notch Peak carbonates, which are unconformably overlain by the Pogonip Group carbonates. The Eureka Quartzite and the Hanson Creek and Lone Mountain Formations dolostones lie above this latter unit. The Hanson Creek and Lone Mountain formations are thrust along a local thrust sheet over the Eureka Quartzite. Most mineralization occurs within the Pogonip Group carbonates. Additionally, the claims encompass a magnetic anomaly believed to indicate a buried intrusive on the southeastern flank of the Red Hills.

Alteration within the carbonates is notable, featuring widespread recrystallization of limestones, localized calc-silicate alteration, extensive hematite staining, and the formation of jasperoids along structural features. There are also calcite vein arrays that may be linked to decalcification and mineralization at greater depths.

HISTORY
From 1908-1918, the property has had limited historic production from gossan pods accessed by three adits, totalling 229 oz of Au, 35,029 oz Ag, 550 lbs of Cu, and 789,782 lbs Pb. There has been limited drilling on the property with the best historic result being 17m of 129.7g/t Ag, 0.15g/t Au, 2.42% Pb, 0.92% Zn, including 12m of 179.2g/t Ag, 0.20g/t Au, 3.29% Pb, 1.18% Zn.