Tact/Buff Project

TARGET
Epithermal, structurally-fed gold system developing each of sediment hosted “Carlin type”, skarn, and vein-hosted mineralization.

LOCATION
The property is located in Buffalo Valley / Buffalo Mountain, Humboldt County, Nevada approximately 20 miles west-northwest of Battle Mountain, Nevada. The property lies along the Battle Mountain-Eureka Gold Trend of northern Nevada approximately six miles west of Goldcorp Inc-Barrick’s Marigold mine (>3 million oz Au production), four miles southwest of Newmont Mining’s Lone Tree gold mine (>2 million oz production), and two miles west of International Mineral’s Converse- Red Line gold deposit (>3 million oz gold resource).

PROPERTY
196 unpatented lode mining claims, approximately 4,000 acres. Tact - T claims: 120 claims in sections 2, 12, 14, 24, and 26, T33N, R41E. Buff claims: 26 claims in section 32, T34N, R42E.

HISTORY
The current 51 claim package was consolidated by Nevada Mine Properties over an approximate 20 year period. Exploration has been carried out “piece-meal” fashion by different groups, some drill testing structure and / or geochem in the uplands, others drill testing geophysical signatures under gravel cover. NMP has collected and consolidated nearly all historical data, available for review.

TACT-BUFF Recent

• TACT: ca. early 1980’s: Santa Fe Pacific Mining identified a 400,000 ton @ 0.046 opt Au resource in NW ¼ Sec. 6, T33N, R42E (Newmont private land) along the range front, approximately one mile east of the Tact claims, midway between Tact and Buff claims. 1990’s-2009: in section 2 on the Tact claims, drilling by Universal Uranium Ltd intercepted 0.857 g/t Au / 30’ (15’-45’) including 1.63 g/t Au /10’, never followed up, open in three directions. Earlier soil sampling returned samples up to 1 g/t Au, several remain untested, including stibnite bunches and streaks.

• BUFF: ca. early 1980’s: Wide spaced drilling by Brass Ring Resources, Pathfinder Gold, and Minefinders Inc; much of the claim block has not been tested.

GEOLOGY
Tact claims (section 2) and west portion of Buff claims are underlain by Pennsylvanian-Permian Havallah Formation sediments (quartzites, limestones, cherts) as roof pendants, commonly hornfelsed and intruded by a Jurassic quartz monzonite sill. The sill is faulted and sheared by low and high angle quartz-veined, iron stained structures up to 100’ wide locally containing massive knots of stibnite.

East of the Tact claims in section 1 (Newmont mineral rights) Havallah shales and siltstones host a small resource grading 0.044 opt (1.51 ppm) gold. These sediments can be traced and continue for over a mile northeasterly into the Buff claims (T34N, R42E Section 32).

STRUCTURE
Mines and prospects in Buffalo Valley are aligned along three major structural fabrics within the regional northwest Battle Mountain-Eureka Gold Trend:

• the north-south Lone Tree mine structural trend which is mapped and partially tested
• the northeast range front structure running through the Tact and Buff claims, hosting the 400,000 ton resource grading 0.044 opt (1.51 ppm) gold between Tact and Buff
• • northwest, iron stained shears on the section 2 Tact claims hosting drill intercepts to 0.856 g/t Au / 30’

MINERALIZATION
Gold mineralization is structurally fed, resulting in:

• t“Carlin type” sediment hosted deposits (400,000 ton resource in section 1 between Tact and Buff)
• Commonly, vein and vein-fed dikes and quartz shears containing elevated to anomalous gold in drill tests within all five sections and ore grade gold from drilling in section 2

GEOLOGY
Tact claims (section 2) and west portion of Buff claims are underlain by  Pennsylvanian-Permian Havallah Formation sediments (quartzites, limestones, cherts) as roof pendants, commonly hornfelsed and intruded by a Jurassic quartz monzonite sill.   The sill is faulted and sheared by low and high angle quartz-veined, iron stained structures up to 100’ wide locally containing massive knots of stibnite.

 Tact claims (section 12) and T claims (sections 14, 24, 26) are gravel-covered with limited intrusive (section 12) and Havallah sediment exposures on the T claims.

East of the Tact claims in section 1 (Newmont mineral rights) Havallah shales and siltstones host a 400,000 ton resource grading 0.044 opt (1.51 ppm) gold.  These sediments can be traced and continue for over a mile northeasterly into the Buff claims (T34N, R42E Section 32). 

STRUCTURE
Mines and prospects in Buffalo Valley are aligned along three major structural fabrics within the regional northwest Battle Mountain-Eureka Gold Trend:

• the north-south Lone Tree mine structural trend which is mapped and partially tested in sections 14, 24, and 26
• the northeast range front structure running through the Tact and Buff claims, hosting the 400,000 ton resource grading 0.044 opt (1.51 ppm) gold between Tact and Buff
• northwest, iron stained shears on the section 2 Tact claims hosting drill intercepts to  0.856 g/t Au / 30’

  MINERALIZATION
Gold mineralization is structurally fed, resulting in:

• “Carlin type” sediment hosted deposits (400,000 ton resource in section 1 between Tact and Buff)
• Skarn mineralization recognized in section 2-Tact drill intercepts and reported in section 26 similar to the nearby Converse-Red Line gold deposit
• Commonly, vein and vein-fed dikes and quartz shears containing elevated to anomalous gold in drill tests within all five sections and ore grade gold from drilling in section 2  

RECOMMENDED EXPLORATION
Section 2, Tact claims, hosts shallow intercepts of ore grade gold open in several directions and untested soil geochemistry to 1 ppm Au. Further Follow Up:

• Along a major northwest iron stained shear in section 2, ore grade gold in drill hole T-09-02 of 0.857 g/t Au/ 30’ (15’-45’) including 1.63 g/t Au /10’. Five hundred feet northwest, drill hole T-9-01 intersected 0.26 g/t Au/45’ and 0.339 g/t Au/35’ including 0.944 g/t over 5’.
• Soil geochem up to 1 ppm Au in section 2, Tact, remains untested
• In section 12, isopachs on top of gravel-covered basement are displaced abruptly indicating untested structure.
• Elevated to anomalous gold intercepts in the Buff claims have never been followed up
• Currently leased to Nevada Gold Mines.