The Shawnee property currently consists of 10 unpatented mining claims situated on the eastern flanks of the Jackson Mountains in Humboldt County, Nevada. The claims are located midway between the Crowfoot and Sleeper Mines and just south of a major northeast trending lineament which sub-parallels the Midas Trough. The core ten claims form part of a larger 21 claim block on which work has been carried out by Kernow.

Jurassic-Triassic metasedimentary and volcanic rocks underlie much of the property and consist primarily of basalts, siltstones, shales, cherts, dolomites, limestones, tuffs and volcanoclastics. On the eastern part of the property, Jurassic diorites and gabbros have intruded this metasedimentary and volcanic package creating zones of hornfels. Sulphide mineralization sampled from outcrop and trenches contains anomalous gold, silver, mercury, copper and zinc values. Gold assays from trenching and outcrop range between 0.1 g/t Au and 37 g/t Au. The “sulphide” zone which trends north northeast across the property has been intersected in several drill holes containing in one instance 2.71% copper, 0.048 opt gold and 1.7 opt (ounces per ton) silver over 14 feet. (Hole SH-6C, a diamond drill hole).

The property has been the subject of reconnaissance sampling, trenching, geophysical surveys, Reverse Circulation drilling, diamond drilling and petrographic studies conducted on surface and drill core samples. Assays have generally been completed for gold, silver, copper and arsenic. Trace element assay has been completed on mostly surface samples for mainly mercury and antimony, several drill holes have been assayed for trace elements.

A “Real Section” Induced Polarization and Resistivity survey conducted in 1997 along a 1,500 foot length across the center line of claim SH5 and SH6 identified a North East – South West trending structure some six to eight hundred feet west of all prior trenching and drilling previously conducted at the property. The geophysical anomaly was seen to extend to at least 1500 feet below surface and matched the position of a gradient array I.P. anomaly identified in 1992.

In addition, the Real Section IP survey indicated the lateral extension of the sulphide rich copper gold system identified in holes 97-2 (diamond drill hole and SH-3 reverse circulation). Surface sampling along the trace of the gradient array anomaly returned anomalous values for zinc, silver, and gold along a 1,500 ft length.

In August 1998 a four hole Reverse Circulation drill program was undertaken targeting the Real Section I.P. anomaly and the Southerly extension of the outlined by the gradient array system. The holed intersected tuffs and greenstones with up to 20% sulphides as pyrite in several sections. The main IP target was found to be a water laden fault with an alteration halo of clay and silicification. Moderately anomalous zinc (to 0.1 %) and gold (to 58ppb) values were noted in all holes.

CONCLUSIONS AND TARGET CONCEPT

There has been a considerable amount of work carried out on the Shawnee that has identified at least two phases of near surface mineralization which, for the most part, appears to be structurally controlled and associated with the range front faulting. Recent geophysical surveys and review of previous data infers that the mineralization continues at depth. Geochemistry infers that there is an upper and lower system or that there is metal zonation around an intrusive.

Compilation of all the data generated to date also indicates that the majority of the drilling has not adequately tested any of the geophysical targets generated by the either the gradient array survey or the di-pole di-pole survey.

Considering the strong indicator element geochemistry and the strength of the upper mineralized system the principal target at the Shawnee is now defined as being a wide, structurally prepared high silica, polymetallic multiple vein/stockwork system, the top of which gains strength and continuity approximately 400 feet below surface and continues at depth. This theory is reinforced by the real section I.P. and the Resistivity measurements that accompany it. Alteration exposed on surface and in drill holes confirms that the mineralization encountered to date is high in the system.


 

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