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White Horse Flats Property
The White Horse Flats Property is located 43 km (27 miles) south of Wendover, Nevada. The property is 13 km (8 miles) east of the Kinsley Mine, which produced approximately 400,000 ounces of gold from a Carlin-type deposit mined by Cominco in the mid-1980's. Subject to net smelter returns royalties, Columbus Gold controls a 100% interest in the property.
Geology
White Horse Flats covers three small hills and the surrounding pediment to the east. Exposures on the three hills are Devonian Guilmette Limestone, overlain by altered Mississippian Pilot Shale. Alteration in the Pilot Shale is weak to strong silicification with common liesegang banding. The altered section is thought to dip east under shallow gravel cover and the property is positioned to cover this target. Six initial samples of these altered rocks yielded anomalous gold (0.0014 opt to 0.01 opt) with highly anomalous arsenic, antimony, and mercury. This geochemical association is characteristic of the Carlin-type gold deposits of Nevada. Such deposits in Nevada hosted in the Pilot Shale, or stratigraphic equivalents, include the Alligator Ridge and Rain deposits, both of which produced 1,000,000 ounces of gold.
Past Work
Newmont Mining is rumored to have held the property at one time, and Royal Gold, Inc., held the property in the early to mid 1990's, however little is known about the exploration they performed if any. Columbus staked the property in 2007 and has subsequently performed geologic mapping and rock chip sampling.
Planned Program
Columbus Gold is actively seeking a joint venture partner for the White Horse Flats Property.
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