Curated News
By: NewsRamp Editorial Staff
May 07, 2024
Gold Basin Resources Secures Property Option Agreement for New Pass Gold Property in Nevada
TLDR
- Gold Basin Resources gains a 50% interest in the New Pass gold property, positioning them to capitalize on Nevada's renowned gold-rich geological terrain.
- New Pass property in Nevada hosts the Carlin-type New Pass Gold-Silver deposit with a historical Inferred Mineral Resource of 341,750 ounces of gold equivalent.
- The acquisition of the New Pass gold property allows Gold Basin Resources to contribute to the growing portfolio of valuable mineral assets and potentially make tomorrow better.
- New Pass gold property boasts a historical Inferred Mineral Resource of 341,750 ounces of gold equivalent, with substantial potential for resource expansion and conversion.
Impact - Why it Matters
The acquisition of the New Pass gold property provides Gold Basin Resources with a valuable stake in a strategically located asset with substantial potential for resource expansion. This news highlights the company's commitment to capitalizing on opportunities presented by Nevada's renowned gold-rich geological terrain, contributing to its growing portfolio of valuable mineral assets. The agreement with Iconic Minerals marks a significant step in Gold Basin Resources' strategic expansion and underscores its dedication to advancing exploration activities to unlock the full potential of the New Pass property.
Summary
Gold Basin Resources CEO Colin Smith announced the signing of a property option agreement with Iconic Minerals, granting Gold Basin Resources a 50% interest in the New Pass gold property located in Nevada. The New Pass property hosts the Carlin-type New Pass Gold-Silver deposit and boasts a historical Inferred Mineral Resource of 341,750 ounces of gold equivalent, with substantial potential for resource expansion and conversion. Situated within Nevada's prolific Sulfur-Lovestock-Austin structural gold trend, New Pass is strategically located just 75 kilometers south-southwest of the past-producing McCoy-Cove Mine, with active Plan of Operations permitting up to 25 acres of exploration-associated allowable disturbance. Gold Basin Resources plans to advance the New Pass asset in tandem with its Gold Basin Project, focusing on conducting on-the-ground exploration activities to unlock the property's full potential.
Source Statement
This curated news summary relied on content disributed by News Direct. Read the original source here, Gold Basin Resources Secures Property Option Agreement for New Pass Gold Property in Nevada
