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Hum Status: Available for joint venture.
Target: The HUM property contains a "Carlin-type" gold system hosted by Mississippian to Permian sedimentary rocks.
Location: The HUM Project lies in central Elko County, Nevada about 25 miles northeast of Elko and 35 miles southeast of Jerritt Canyon. The property lies in unsurveyed Sections 14 and 24, T37N, R57E.
Ownership: The HUM property consists of 39 unpatented mining claims controlled by AuEx. The claims lie on lands administered by the BLM within a checker board of federal and fee ownership lands lying east of the North Fork Humboldt River.
History: John Thomas initially located claims at the HUM Prospect in the late 1980's. Thomas leased the property to Australian Consolidated Mines (ACM) in 1990. ACM mapped and sampled the prospect and drilled three core holes on adjacent fee land in 1991. Newmont subsequently explored the prospect with 9 reverse circulation drill holes in 1992.
Geology: The HUM prospect lies on the western margin of the Peko Hills, which comprise part of a broad northwest-trending alignment of windows that expose Paleozoic carbonate and siliciclastic rocks in a belt extending from the northern Independence Range District to the Kinsley District southeast of the Ruby Mountains. The Peko Hills consist of an allochthonous plate of Devonian to Triassic rocks folded and thrust over a parautochthonous sequence of Devonian to Permian rocks. Siliciclastic rocks including the Pennsylvanian-Mississippian Diamond Peak Formation dominate the allochthon, whereas calcareous rocks comprise most of the parautochthonous sequence.
Outcrops at HUM exhibit extensive silicification and quartz stockwork within gritstone and conglomerate of the Mississippian-Pennsylvanian Diamond Peak Formation and within Permian dolomite breccia. Drilling along the northern margin of Section 24 and in adjacent Section 13 indicates that these units lie in thrust contact above the prospective carbonaceous silty limestone of the Mississippian Tripon Pass Formation. The first hole drilled by ACM intersected 161 feet @ 0.01 opt gold. Strongly anomalous indicator elements accompanied the gold values including arsenic > 1000 ppm, antimony > 200 ppm, and mercury > 10,000 ppb. A drill summary by ACM documented an "altered dike" within the mineralized zone. The remaining 2 holes by ACM and nine RC holes by Newmont intersected altered limestone and siliciclastic rocks with weakly anomalous gold mineralization.
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