Operator: U.S. Gold Corp.
https://www.usgoldcorp.gold/properties/maggie-creek/overview
Overview
The Maggie Creek Project lies in the core of the Carlin Trend. The land position covers the north east projection of the Chukar-Alunite Fault Zone, which is mineralized at the Gold Quarry Mine. The property also covers the southeast projection of the Castle Reef Fault zone, which is mineralized at the Leeville Mine. Historical drilling has intersected gold mineralization in the upper plate of the Roberts Mountain Allochthon that ranges in grade from below detection limit to more than one gram innumerous drill holes. A window of lower plate carbonates is exposed in the core of the Orogen claim block. Gold mineralization in the window has been drilled at Newmont's Rainbow Deposit immediately south of Orogen’s land position.
History
On February 15, 2019, Orogen announced an earn-in agreement with U.S. Gold Corp. (“U.S. Gold”), where U.S. Gold can earn up to a 70% undivided interest in the property by spending US$4.5M over seven years to earn an initial 50% interest, followed by a one time “bump-up option” to increase its interest to 70% by producing a feasibility study by the end of the ninth year of the agreement.
Recent Activities
