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| | Caldera, Nevada NI43-101 Report (PDF, 652 KB)The Caldera property is located in the Walker Lane region in west-central Nevada and currently encompasses over 2000 acres of unpatented claims. The property exhibits widespread volcanic-hosted epithermal gold/silver mineralization similar in style to other major systems in the vicinity: the Round Mountain mine (14 million ounces) and Newmont's Midway project. Previous surface work on the property has generated abundant ore-grade rock chip samples (up to >1 opt gold and >20 opt silver) scattered over an area at least 1.5 miles long by 0.5 miles wide. Drilling has intersected ore-grade values in at least three areas including 10 feet at 1.1 opt Au, 25 feet at 0.25 opt Au, and 100 feet at 0.03 opt Au at depths of less than 500 feet. These intercepts have not been sufficiently followed up and several surface anomalies remain untested. Caldera has outstanding potential to host both bonanza-grade veins and bulk-tonnage lower grade orebodies. Kings Canyon, Utah NI43-101 Report (PDF, 666 KB)The Kings Canyon property is located in the Great Basin region in west-central Utah and currently encompasses 970 acres of unpatented claims and a state minerals lease. Gold mineralization is a Carlin-style system hosted at shallow depths in Paleozoic carbonates and controlled by steep feeder faults. The property is immediately adjacent to and encloses on three sides a separate block of claims held by Crown Resources that contains a resource of >200,000 ounces of gold. This defined mineralization trends directly onto the Genesis property where it is inadequately tested. In addition, many additional mineralized faults have been delineated on the property that define numerous untested targets in areas where the favorable horizon is at very shallow depths. The property has the potential to host several hundred thousand ounces of near-surface oxide gold mineralization with low production costs. Windemere, Nevada NI43-101 Report (PDF, 733 KB)The Windemere property is situated in northeast Nevada and covers nearly 2000 acres of unpatented mining claims and leased fee land. The Windermere prospect is a massive silicified area in upper Paleozoic carbonate and clastic rocks covering several square miles that has never been drill tested. Surface sampling of this system has demonstrated very strong pathfinder anomalies of arsenic (up to 86,000 ppm), antimony (up to ppm 133), and mercury (up to 100ppm) along with gold values up to 350 ppb. The system is believed to represent either a large hot spring system similar to MacDonald Meadows or the upper level silicified cap above a high-grade high-sulfidation system like El Indio. Tobin, Nevada NI43-101 Report (PDF, 810 KB)The Tobin Property is situated in central Nevada and covers 240 acres of unpatented mining claims. At and around the Tobin Property, abundant silicification typical of epithermal gold deposits occurs over several square miles as it does at the nearby Goldbanks property which contains several million ounces of both low-grade and high-grade gold mineralization. The silicification takes the form of both structural and stratabound jasperoids in a favorable sequence of Mesozoic carbonate and clastic rocks. Altered rocks contain highly elevated metal value with up to 0.067 opt gold, 1100 ppm arsenic, over 200 ppm antimony, and up to 29 ppm mercury; none of the geochemical anomalies have been drill tested. The strength of the alteration at Tobin demonstrates a large system with the capacity to host both bonanza grade veins and bulk tonnage lower grade deposits. Green Springs, Nevada NI43-101 Report (PDF, 462 KB)Green Springs is situated in central Nevada and covers 240 acres of unpatented mining claims. These claims encompass the down dip projections of Carlin-style gold deposits which were mined in the late 1980's by the USX Corp., producing 60,000 ounces of gold at a grade of 0.06 opt Au. Alteration in the area is widespread yet previous exploration was narrowly focused along one target horizon. It is believed the district is ripe for a thorough re-evaluation and that numerous compelling new targets can be developed within this gold system. It has the potential to host several more low-cost gold orebodies. Exploration Team: Genesis Gold Corporation personnel will assist in much of the exploration work to be done on the properties. Genesis personnel include John Zimmerman and Don Merrick, two explorers who have a wealth of experience in all facets of gold exploration in the western US. Zimmerman was the co-discoverer of the Chimney Creek (Twin Creeks) Mine in Nevada, currently in operation by Newmont Mining. Their recent work has included generating and placing properties with several companies including Gold Fields, Placer Dome, MK Gold, Kennecott, Western Mining, Kalahari Resources, and Anaconda Gold. This culminated with the placement of three properties which constituted the entire asset base for Gateway Gold; Merrick has directed Gateway's highly successful exploration program. Mr. Zimmerman has an MS from the University of Arizona and is an expert in Carlin-style exploration, and Mr. Merrick has a BS from Idaho State University. Individually and jointly, they have been consistent producers of quality opportunities in western US gold exploration since 1980, and have contributed to the success of several previous explorers including Newmont, Goldfields Mining, Gateway, Meridian Gold, and BHP Minerals International. Qualified Person and Quality Assurance and Control: Mr. R. H. Russell, M.Sc, Geology, who has over 36 years experience in the mining industry, is a Licensed Geologist in the State of Washington (#205), and is a member of S.E.G, is acting as the qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein relating to the Western Utah Copper Project. Mr. Russell is an independent consultant and does not have any ownership or financial interest in either Palladon Ventures Ltd. or Western Utah Copper Company. Mr. John Zimmerman, whose credentials are described above, is acting as the qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein. |
