JDS Property

Eureka County, Nevada

The JDS property is located in Denay Valley, 12.4 miles (20 km) southeast of Carlin’s Cortez Summit property along the southeast extension of the Cortez Gold Trend near the southernmost Paleozoic carbonate window in the trend.  The property is in a very active gold exploration area; Barrick Gold Corporation’s 15.6 million oz Goldrush discovery is located 11.5 miles (18.5 km) northwest, and NuLegacy Gold’s new Iceberg gold resource occurs 3 miles (4.8 km) west.

The property consists of 77 unpatented claims (JDS 46-77 and LGC 1-45) 100% owned by Carlin Gold subject to a 2% NSR.  1% can be bought for $1Million. The claims are located in sections 14, 15, 22 and 23, T25N, R50E.  The property is entirely covered by late Tertiary sedimentary rocks and Quaternary alluvium. The nearest basement rock exposure consists of Devonian carbonates which crop out in the Rocky Hills — 1.2 miles (2 km) west of the claim block. Exposures of Devonian carbonates in the Rocky Hills exhibit numerous gold and antimony prospects. The available gravity data indicate a prominent gravity high under the northwest portion of the JDS property, which is interpreted to be an uplifted buried basement block of Devonian carbonates. Preliminary mercury soil gas data indicate a substantial plume of mercury located in the northwest portion of the property. Mercury anomalies are considered important targets because of the known mercury association with Cortez Trend mineralization.  The mercury soil gas anomaly is coincident with the gravity high.  The primary target is Carlin-style sediment-hosted gold mineralization similar to the nearby Cortez Trend deposits in Devonian carbonate rocks at depth below post-mineral cover. 

In 2012 the Company drilled three widely spaced vertical holes ranging in depth from 1,000 feet (300m) to 1140 feet (350m). Variably calcareous Paleozoic lithologies were encountered in all three holes.  The hole closest to the regional gravity high encountered massive Devonian carbonate similar to the Rocky Hills to the west.  Although no significant gold values were encountered, the Company is encouraged that prospective Carlin-type host rocks were encountered, and will be closely monitoring the active exploration programs to the west of the property.  

Figure 1 - JDS Property