GOLD BAR - ATLAS
Archived

Au
1,288.32
USD/oz
0.00
red
Data as of Apr 21, 2014 10:02AM UTC


Key Facts
Status: Unknown
Type of Work: Surface
Location: Nevada, United States
                 0 km of EUREKA COUNTY

Commodities: Gold
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Latest Information
June 30, 1998
Approximately half of the 40,000-foot drill program was completed with no significant results; the balance of the program is scheduled for the second half of the year.
June 30, 1998
Approximately half of the 40,000-foot drill program was completed with no significant results; the balance of the program is scheduled for the second half of the year.
February 28, 1994
Operations were suspended pending potential identification of additional economic reserves. From inception through cessation of operations in 1994, 485,200 ounces of gold were recovered from 7,514,600 tons of ore. In 1986, a mill was constructed and the first gold pour occurred in January 1997. The mill, originally designed and constructed for throughput of 1,500 tons per day, was expanded in 1989 to a rate of 3,200 tons per day. In Summer 1983, the property was identified during reconnaissance exploration. Focused reconnaissance along the southern Roberts Mountains identified widespread hydrothermal alteration with anomalous gold geochemistry along the western range front. Detailed exploration and drilling in the area led to gold being discovered in five separate deposits on the property. All of the mineralization on the property occurs as “Carlin-type” deposits hosted in carbonate-rich sedimentary rocks of the Devonian Nevada Formation. Mineralization is characterized by micron-size gold and a distinct hydrothermal alteration suite of the decalcification and silicification.

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