Goldstorm Gold-Silver Project Elko, Nevada (USA)
The Goldstorm Project is located 17 km northwest of the town of Midas, the location of Klondex’s Ken Snyder Midas underground gold mine in Elko County, Nevada. The +3 M oz. Midas mine is one of the world’s highest grade and most profitable gold-silver mines. Goldstorm has potential to be the same type of high-grade gold- silver system, and the ‘Clayton Veins’ potential discovery drill hole (WG-1001) intersected high grade Au-Ag mineralization with visible gold manifest only 60 m below surface.
Hole WG-1001 intersected 6 veins in a 50 m wide structural zone; the best intercept, about 60 m below surface, ran 5.51 g/t Au over 2 m, incl. 9.29 g/t Au and 72.6 g/t Ag over 1 m. The Clayton Veins structure is more than 2,000 m long with veining exposed in multiple locations.
Goldstorm may also host potential for the discovery of a large Carlin-style gold deposit at depth. Several significant fault zones host gold mineralization on the project along favorable WNW and NNW orientations. These gold favorable fault zones have been measured to be in excess of 3+ km long and are up to 50 m wide.
The project sits 18 km east-northeast of Newmont’s giant +25 M oz. Twin Creeks Carlin-type gold mine, and 25 km northeast of Barrick Gold’s giant +40 M oz. Turquoise Ridge-Getchell gold mining complex.