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Longface Project #L1480
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Round Mountain, Nevada |
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134 Unpatented Lode Mining Claims |
Geologically on-trend with 2 massive gold deposits |
1 million + oz Au inferred gold resource |
100,000 oz Au resource |
20,000 feet untested gold-mineralized structures |
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$6.5 million J.V.
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or
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$12.5 million Sale
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with 3% NSR |
The LONGFACE PROJECT is a gold
exploration project located near Round
Mountain, Nevada. It is comprised of 134 lode mining claims, encompassing a 2,680 acre property package.
LONGFACE is geologically on-trend with rich gold deposits owned by the ROUND MOUNTAIN JOINT VENTURE (Kinross, 50%/Barrick, 50%): the GOLD HILL MINE, located 5 miles due south of the LONGFACE PROJECT; and the ROUND MOUNTAIN MINE, located just 10 miles south of the LONGFACE PROJECT.
ARCHANGEL RESOURCES, LLC., after acquiring control of the LONGFACE PROJECT in 2006, discovered a large
epithermal gold system through expanded drilling. The drilling was done between April, 2010, and February,
2011, encompassing 15 holes for a total of 9,325' of drilling. 10 of these 15 holes revealed gold intercepts ranging from .02 to .60 ounces of Au per ton (67%). The project geologist, whose credentials include a 2M ounce discovery, conservatively estimates the
LONGFACE PROJECT deposit between 500,000 and 3M ounces of gold.
Upon funding, ARCHANGEL RESOURCES, LLC., shall utilize same for land acquisition; permitting; geochemical
and geophysical surveying; and drilling on delineated structures. The drilling component will then require
approximately 4 months to reach maximum model value.
CONTACT :
RICHARD UNDERWOOD / MEMBER
775 722-0137
email: lillyrau@hotmail.com
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