Gold Claim Block for Lease 30,000 Drill Indicated and Inferred Ounces
Gold Claim Block for Lease 30,000 Drill Indicated and Inferred Ounces
Advanced Exploration Project in the Goldstrike Trend of Southwest Utah
RayHunter LLC is offering for lease a block of eight mineral claims, W1 through W8, in the Mineral Mountain area west of the Main Zone of the Goldstrike Mining District of southwestern Utah.
This claim block is in the northwest corner of Liberty Gold's massive Goldstrike Project. This emerging gold development project is located in the Bull Valley Mountains in Washington County, UT, approximately 50 km northwest of St. George, Utah.
Liberty Gold has published an indicated resource of 925,000 ounces of gold at 0.50 grams/ton and an inferred resource of 296,000 ounces of gold at 0.47 grams/ton for the Goldstrike area. The project can be reviewed online at
https://libertygold.ca/our-projects/goldstrike/overview.html
Liberty Gold Claim Group – Ray Hunter Mineral Mountain Area Outlined in Red
The claims offered for lease are currently surrounded by Liberty Gold’s controlled claims through its subsidiary, Pilot Goldstrike Inc. Liberty Gold has announced plans to complete a $9.5 million advanced drilling project in 2022 on its adjacent claims to develop more ounces prior to mining.
The Ray Hunter Mineral Mountain claims were mapped, sampled, and modeled by Liberty Gold, and 13 RC holes were drilled in 2017. These holes tested the down-dip extensions of known mineralization, but did not do any step-out drilling or deeper drilling into the underlying Paleozoic rock. This leaves most of the Ray Hunter–controlled ground open to interpretation and for expansion of the known gold resource.
Gold in Rock Chip Samples within the Liberty Gold Claim Block – Ray Hunter Ground Outlined in Red
Tenneco, Pegasus Gold, and Midway Gold have drilled the claims in the past. This drilling only focused on near-surface mineralization along fault planes when the price of gold was much lower than today.
In 2010 Puchski GeoConsultants compiled a 43-101 compliant report on the claims. This report showed the possible upside gold potential at depth and the need for expanded step-out drilling.
Liberty Gold had all drill holes (including past operators) remodeled by SRK Consultants: SRK Goldstrike 43-101 “Independent Technical Report and Resource Estimate for the Goldstrike Project, Washington County, Utah, USA, March 2018”. Within this report, a model of the Mineral Mountain W claims reported 26,000 gold ounces of Indicated and 4,000 Inferred Resources that may possibly be expanded by additional drilling.
The March 2018 43-101 on the entire Goldstrike Project including Mineral Mountain is available upon request.