Big Nugget Mine #L2285
Alaska
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Drill Ready Exploration Project
In Large Gold Nugget Area
400 acres
In mine friendly jurisdiction
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Joint Venture Wanted
$1 million required

The Big Nugget represents a drill ready stage 2 precious metals exploration target in Alaska.

Background - Electromagnetic (EM) Geophysical surveys have been conducted over most of the GOLD producing mining districts in Alaska. Interpretation of data from those surveys has been done by the owner to define locations of conductive deposits containing precious metals. Sufficient data is available to perform discrimination of precious metals deposits in contrast to iron and other forms of mineralization. Interpretation of the Big Nugget deposit began twelve years ago. After thousands of hours performing interpretation of data while observing correlation of lode anomalies with existing and past placer GOLD mining operations all over Alaska, the owner has high certainty that this discovery represents a high value precious metal target worthy of development.

Location - Access is obtained by commuter airlines, barges on the Yukon River and the Ruby-Poorman road.

It has been determined that short distance helicopter-borne logistics will be required to support this mine due to Tundra.

The target is located in a fractured, broken shale zone at an elevation of 1000 feet. The depth to top is 15 meters. The length of the deposit is 2000 feet (depending on cutoff). The zone of highest conductivity/Resistivity, less than 1.0 ohms has a length of 200 feet. The width is less than 2000 feet. The deposit remains open at depth. It should be noted the deposit is proximal to the location of the discovery of the record 294.1 troy ounce Centennial Nugget.

The mining districts in Alaska that have been surveyed to date, may have one or two high grade, high conductivity, low resistivity anomalies of this magnitude.

Peer Review - In order to verify the validity of his interpretation, the owner reached out to a world renowned expert. He is a registered and certified Geophysicist that specializes in EM data interpretation using this method. That reference is available on request.

Tenure -The property is comprised of 400 acres situated in a mining friendly jurisdiction with permitting on State of Alaska domain.

Joint Venture -The owner is interested in a Joint Venture (JV) partner having sufficient resources to develop a shallow precious metals mining project. An estimated $1 million is required. The JV partner will receive a production earn-in through completion of drilling and sampling culminating in mine shaft development and GOLD or precious metal production.

The owner has invested in mobilizing tools and equipment for construction of a mine camp and development of a vertical or inclined shaft to the deposit. It should also be appreciated that mine shaft development could be in ore with short term production.

 

 

 

 

If you would like more information

please email us

and ask about the

Big Nugget Mine #L2285

steve.long@reagan.com

fax 208 265 5377