Del Oro Project, Nevada, USA

The Del Oro property is located in the East Range, Pershing County, Nevada. The property consists of 59 claims (8,260 acres) and is located approximately 29 miles south of Winnemucca, Nevada. The claims are owned 100% by Nevada Mine Properties II, Inc. (NMP). The project contains low sulfide gold-silver veins hosted in Tertiary volcanics and Paleozoic sediments on the south end and QSP altered Paleozoic sediments and intrusive with stockwork veining hosting gold on the north portion of the property.

The property is located immediately adjacent to Premier Gold’s Rye vein and about 3 miles east of its Goldbanks resources. These two projects have a combined resource of ~0.6 million ounces of gold. The Del Oro project and surrounding area have been explored by Bear Creek (Kennecott), St Joe, WX Syndicate, Bow Valley, BHP, Cameco, Newhawk, International Minerals and most recently leased from NMP by REN Gold. The work includes geologic mapping, rock and soil sampling, geophysical surveys and drilling.

Various wide spaced drill holes from the above exploration programs have encountered up to 33 meters of 0.03 opt gold. Anomalous to ore grade gold in surface rock chip samples have been collected from jasperoid and stock work quartz veins within the property boundary. Gold values up to 0.1 opt Au over 5 meters have been collected at surface from stockwork zones of quartz, calcite and barite veining. Broad areas of anomalous gold, silver, arsenic and mercury are present in several areas within the claim block. These anomalies are associated with jasperoid, banded quartz veins, stockworks and sinter.

The South Target (bulk tonnage) is partially defined by 25 wide spaced RC holes. These holes were scattered throughout the perched Tertiary basin associated with the Goldbanks mineralization. These holes were mostly vertical and generally encountered gold values ranging from 0.004 to 0.04 opt gold within the Tertiary-Paleozoic contact from 7 to 100 meters thick. This target is similar to the nearby Goldbanks deposit which reportedly contains 0.58 million ounces of gold (2009 report) in Tertiary volcanics and sediments. Within this target, International Minerals and others have defined chalcedonic veins and stockworks partially replacing calcite and barite suggestive of boiling textures. NMP believes these veins to be potential high-grade feeder structures similar to the Rye Vein which is reported to contain 50,000 ounces of gold.

The North Target is hosted by a low angle thrust, near vertical faults and felsic to intermediate intrusives. Gold mineralization is associated with stockwork quartz veining, quartz-sericite-pyrite alteration with bleached sandstone and clay altered shale of the Harmony Formation. Eighteen wide spaced drill holes were completed in this area. Gold is present in anomalous values in 7 of the 18 drill holes. The drilling identified gold mineralization up to 0.016 opt over 7 meters within a thrust fault ranging in thickness from 3 to 20 meters in one area. Several untested gold anomalies have been identified with soil and rock samples north, west and east of the previous drilling.

The Del Oro property has significant potential for one or more high grade feeder veins at depth similar to the Rye Vein and Goldbanks zones. Additional bulk tonnage potential exists within the Tertiary and Paleozoic rocks similar to the main Goldbanks resource and within and adjacent to the intrusive dikes and stocks on the north portion of the property.

The project is currently leased by Nevada Mine Properties II to REN Gold.

Boiling texture veins on south end of project.