Milford Base Metals Project (100%)
The Project consists of 100 Mining Rights on US Bureau of Land Management (BLM) administered land covering approximately 8.36km21‐ . The Project is situated at 38 laItude 48’ N / 113 longitude 38’ W at an alItude of 1,515m approximately 6km west of the town of Milford. Access is via numerous maintained gravel roads and farm tracks. Power lines and gas pipelines transect the SE corner of the Project, and Union Pacific Railroad passes through Milford.
The Project is considered prospective for epithermal and replacement style precious and base metal mineralisation along structural corridors in reactive host rocks. Of primary interest are three areas prospective for replacement or manto/pipe-style base and precious metals. Numerous other old workings and prospects exist within the region, known as the San Francisco Mining District.
Utah has been ranked number 10 (2015) and number 11 (2016), among 109 countries across the globe for its geological and mineral policy attractiveness and continues to support a strong mining industry highlighted by Rio Tinto’s Bingham Canyon copper mine, which is one of the largest open pit mines in the world.
The Company believes that operating within a well established mining jurisdiction has the benefit of greatly improving its ability to implement its business model in a cost effective and timing manner, In addition the existence of established mining operations located within Utah will allow the Company to source the required geological and technical expertise as and when required along with plant and equipment for planned exploration activities.