Poison Property
The Poison claims are located along the southwestern edge of the Snake River volcanic plain in southwestern Idaho, approximately 25 road miles southwest of the small village of Grand View, Owyhee County, Idaho. The property is located approximately 30 miles southeast of Nerco Minerals’ DeLamar mine in the Silver City district credited overall with over 25 million ounces silver, nearly 1 million ounces gold.
The property consists of 17 unpatented lode claims. Topographic coverage by the Rough Mountain, Idaho 7.5’ quadrangle. High Valley is a volcanic-hosted, epithermal, precious metal occurrence with structural and possible stratigraphic control of mineralization.
Consistent, anomalous to ore grade gold and silver occur in multiple sheeted quartz veins and shears along a broadly argillized and iron-stained, near-vertical northeast trending fault-shear zone. The zone is traceable in shallow pits and cuts over 2,000 feet along a main zone with apparent overall width to 100 feet. Potential extensions lie under colluvial cover. Sub-parallel zones in mineralized pits and trenches continue over 13,000 feet strike with minimal prospecting.
Gold and silver rock chip geochemisty are consistently anomalous along the main zone with multiple gold values greater than 1 ppm (best 13.2 ppm and 4.4 ppm), silver to 346 ppm. Anomalous trace elements include As (consistently greater than 300 ppm, highs 2850 and 4950 ppm), Sb (highs to 130 to 260 ppm) and Hg (to 400-700 ppb). These targets have never been drill-tested.
The mineralized fault zone is hosted in brecciated, bleached, argillized, and iron-stained Tertiary rhyolitic volcanics with multiple zones of silicification, clay, and quartz veining. The host rock is the Eocene Challis Volcanics intruded by poorly exposed andesitic to rhyolitic dikes. The Tertiary section is uncomformably underlain by Cretaceous granite exposed in the uplands to the north.
The Poison property holds all the earmarks of a strongly mineralizing system, structurally similar to fault-vein mineralization at the Ken Synder mine (Midas-type) in northern Nevada. Potential for enrichment and mineralization at the Tertiary volcanic / granite contact has never been investigated, nor has structurally controlled mineralization in the underlying granite as did occur in the nearby DeLamar mine.
Sampling by multiple investigators returned anomalous to ore grade gold from the northeast trending main structural zone and from subparallel zones that are open at both ends and to depth. Mineralization may blossom where the structural zones meet the granite contact, enhanced along a northwest cross fracture structural grain.
Royalty Positions
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