Copper-gold skarns occur on a low, east-west-trending ridge 200m north of the Cave Mine, called Bonanza Ridge.
GCSM has collected 34 samples from the area. These average 0.11 oz/ton Au, 0.71 oz/ton Ag, 0.42% Cu, 0.54% Pb, 0.37% Zn. The mineralization occurs in skarns and gossans in fissures.
The ground magnetic survey detected multiple magnetic anomalies in the subsurface (figure 6). These are believed to be copper-gold-magnetite skarns and represent GCSM’s target.
A major low angle thrust appears to cut off the mineralization at depth.
Three holes are planned to an average depth of approximately 100m.
CONCLUSIONS
Grand Central Silver Mines Inc. (GCSM) owns and controls over 5,300 hectares of contiguous patented and unpatented mining claims and state leases in the Cave Mine Project area of western Utah which includes the Cave Mine and Lincoln Districts. Polymetallic mineralization occurs over an area exceeding ten square kilometers.
Five targets are described in this report. GCSM has defined over thirty targets in the project area. In addition to the geophysical work described above the company has collected over 500 samples and mapped the project area in detail. Many of the targets are ready for drilling.
The state of Utah is one of the best jurisdictions in the world for exploration and mining, and Utah is the number one rated state in the United States for business. The state is host to the Bingham Canyon copper mine, the largest ore deposit in North America as well as other world-class deposits.
The Milford District lies 10-20 km northwest of the property. The early history of the two districts is somewhat comparable with high grade ores discovered and exploited in the second half of the 19th century.
Over 70 million tons of copper mineralization has been defined in the Milford District at an average grade of 1.15% copper, containing 1.6 billion pounds of copper. The Bawana skarn deposit is currently in production by CS Mining, shipping concentrates to the Bingham smelter. With this record of success and the similarities with the Cave Mine and Lincoln districts it is remarkable that so little exploration work has been conducted in these districts.
The Cave Mine Project represents an extraordinary opportunity to discover a major new bulk tonnage polymetallic metal district in North America. Existing infrastructure will allow the testing of these targets inexpensively and quickly. The Cave Mine Project Area has remained under the radar of major mining companies for nearly a century.
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