Business
Carlin Gold Corp. Acquires Nevada Copper-Gold Property
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2023) - Carlin Gold Corporation (TSXV:...
About this update from Carlin Gold Corporation
[{"type":"text","content":"Carlin Gold Corp. Acquires Nevada Copper-Gold PropertyVancouver, British Columbia--(Newsfile Corp. - October 25, 2023) - Carlin Gold Corporation (TSXV: CGD) (\"Carlin\" or \"the Company\") reports that it has acquired a copper-gold property in northeastern Nevada USA through purchase of a 100% interest of a core claim group from a private party and additional claim staking by Carlin. The property consists of 49 unpatented mining claims (the IVY Property). The purchase price is US$25,000 and a 1% net smelter production royalty on gold and silver and 0.75% on all other metals, to the seller.IVY Property Description The IVY Property is located within the Contact Mining District in northeastern Elko County, Nevada, 20 miles (32 kilometers) southwest of the town of Jackpot and 5 miles (8 kilometers) southwest of the small community of Contact. The claims are within 1 mile of State Highway 93, on land administered by the Bureau of Land Management (BLM).\"We are pleased to find an undrilled copper/gold project of this caliber.\" commented Wayne Livingstone, President. \"The elevated copper grades (+1% copper) and the finely disseminated nature of the chalcopyrite/bornite mineralization contained within a large well-defined area of skarn alteration are very encouraging. Carlin looks forward to evaluating the project further.\"The IVY Property covers an area of late Paleozoic altered limestone/skarn in the western contact aureole of a large Jurassic-age granodiorite stock. Copper/gold mineralization occurs mainly in calc-silicate altered limestone/skarn both adjacent to and outboard of the granodiorite stock. Numerous historic workings on the IVY claims include prospect pits, shafts and adits. The copper mineralization observed to date defines a 2.7 km long northwest trending zone reaching widths of 0.7 km. Due diligence sampling by Carlin demonstrates that copper mineralization is widespread. Mineralization occurs in sulfidic skarn zones containing 1-3% disseminated pyrite, chalcopyrite and ±bornite and in narrow oxidized zones of calc-silicate altered carbonate rocks containing secondary copper minerals. Lesser covellite and chalcocite have also been described in a 2019 MSc study of the skarns. 57 initial samples were collected by Carlin geologists, from select dump samples in old workings and outcrop/subcrop samples. 36 of the sa...