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Mining industry

Aggressive Exploration Program Unveiled for Santa Fe Lovie Property

Strategic Insights

— 1 min read

Bradner Resources and Gold Canyon Resources have teamed up to launch a comprehensive exploration program on the Santa Fe Lovie Property, strategically situated within the Bru Lovie/Mud Springs project area. The lease covers approximately four square miles, and the companies aim to kick-start their exploration efforts in June with a $25,000 program designed to identify potential gold targets. This initiative follows a preliminary investigation by the companies, which resulted in a significant assay result of 0.373 oz/ton gold and 11.5 oz/ton silver. The project manager, Steven Friberg, intends to prioritize the testing of a mineralized zone, which is believed to be buried beneath a substantial amount of cover.

Key Takeaways:

  • Bradner Resources and Gold Canyon Resources will conduct an aggressive exploration program on the Santa Fe Lovie Property, focusing on identifying potential gold targets.
  • The exploration program is set to begin in June with a budget of $25,000.
  • The property was acquired through a lease from Santa Fe Pacific Gold, covering approximately four square miles.
  • A previous investigation by the companies yielded a significant assay result of 0.373 oz/ton gold and 11.5 oz/ton silver, highlighting the potential of the property.
  • Project manager Steven Friberg will focus on testing a mineralized zone, which is believed to be buried beneath a substantial amount of cover.
  • Friberg will also explore the gold quartz fault/vein zone, which is traceable three miles south to the Tenabo Deposit.
  • Experienced geologist David Blake, with 30 years of experience in the Battle Mountain area of Nevada, will assist Friberg in the exploration efforts.

Statistics:

  • The exploration program will cover an area of approximately four square miles.
  • The initial exploration budget is set at $25,000.
  • The assay result of 0.373 oz/ton gold and 11.5 oz/ton silver indicates the potential of the property.
  • The gold quartz fault/vein zone is traceable for three miles south to the Tenabo Deposit.
  • David Blake has spent the last 30 years working in the Battle Mountain area of Nevada.

Sources:

  • Business Wire, May 15, 1995
  • Bradner Resources and Gold Canyon Resources press release

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