Gold Price:
GDVXF OTC | TSX-V:GV - Date: 2/22/2012, 3:59pm  Last: 1.86  Volume: 5972865  Change: +0.66

IC

Located South of the Railroad project on the southern edges of the Carlin Trend


Overview

The IC Nevada gold mining project, comprised of 88 unpatented lode claims, approximately 1800 acres, represents an early-stage target opportunity located within the north-south trending Independence-Eureka gold belt. An unexposed intrusive with associated skarn has been encountered in a couple holes previously drilled on an immediately adjacent property. Widespread, anomalous base and precious metal surface geochemistry in scattered Paleozoic outcroppings mostly covered by post-mineral, young volcanic rocks suggests the existence of a large mineral system in play. Major, potential feeder structures are interpreted from the residual gravity results represented on figure 1. A magnetic high, interpreted to be an intrusive – a possible early Tertiary gold-generating heat source – underlies the southern portion the IC property, figure 2.

Only one shallow hole is evident to have been drilled on the property. Cuttings suggest the hole did not penetrate through the overlying post-mineral volcanic rocks into permissive Paleozoic units below. The target is believed to be the Webb-Devils Gate contact and Devils Gate limestone represented in figures 3 and 4. In essence the property has, to date, been completely untested. Gold Standard Ventures intends to provide the first drilling tests of this discovery opportunity.

Figure 1: CBA gravity survey of IC property

Figure 2. Regional geology with expression of buried, unexposed intrusive of probable early Tertiary age.

Figure 3: Indian Creek Project Elko Co., Nevada

Figure 4: Indian Creek Prospect, Target Section A-A' (looking Northward)


Map

Coming soon…


Geochemistry

Coming soon…