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Big Ten

Big Ten

Introduction

The Big Ten project is located along the northern margin of the of the Walker Lane belt in west-central Nevada. It occurs in an extensional, Tertiary-aged rhyolite volcanic centre analogous to the setting of the Round Mountain gold mine located approximately 50 km’s to the north, and the past producing Paradise Peak gold deposit located 110 km’s to the northwest, operated by FMC Mining Corp. between 1986 and 1994.

There are scattered historic workings in the region, active between the 1900’s and 1930’s, but modern exploration at the Danbo property for example is limited to early-stage surface sampling and a reverse-circulation drilling program in the early 1980’s by Amselco. Overall, the properties in the Big Ten project are remote and underexplored using modern epithermal gold exploration technologies, but there is road access for cost-effective exploration.

VR has acquired additional properties both to the north and south along trend of the vein system at Danbo. Prospecting and mapping demonstrate a regional-scale structural control to the low-sulfidation epithermal system of gold-bearing quartz veins in the area. The potential for VR is to be the first company to fully evaluate and diamond drill test specific vein targets within the 8 km strike length of the mineral trend.

Location and Access

The Big Ten project is located in Nye County in west-central Nevada. It is in the southern part of the Monitor Range, approximately 50 kilometres northeast of Tonopah.

Cost effective exploration is afforded by road access to the property on Highway 82, with actively used historic ranch and mine roads throughout the property connecting it to the highway.

Topography at Danbo is mountainous. The main bowl at Danbo is the upper watershed for connecting waterways, and is at an elevation of 7,900 feet, with surrounding ridges and rounded peaks exceeding 8,800 feet. The lower elevations below Danbo are covered by an open floor pine forest. The Danbo property itself is in a sub-alpine bowl, with grassy rangeland with scattered sage and spotted by stunted pine and juniper in places.

Outcrop is extensive at Danbo. Where covered, colluvium is interpreted to be thin and local in nature. Soil profiles are poorly developed at Danbo; fine, light brown colluvium normally gives way to more rubbly weathered outcrop material within a metre of depth, or less.

Climate is semi-arid to arid, with hot dry summers and cold dry winters. There are numerous spring-fed streams in connecting valleys at Danbo, active year-round, even in late summer.

Property Description and Ownership

Currently there are three individual properties within the Big Ten project: the Danbo; Amsel, and; Clipper properties. Each property is a single, contiguous claim block. The individual properties include:

  • Danbo : 21 claims covering 434 acres (176 hectares);
  • Amsel : 6 claims covering 124 acres (50 hectares);
  • Clipper : 17 claims covering 328 acres (133 hectares).

The properties are on federal land, within the Toiyabe National Forest and managed by the federal Forest Service. The property is not within the BLM’s broadly defined area of sage grouse protection.

The properties are owned 100% by VR, registered to the Company’s wholly-owned, Nevada-registered US subsidiary Renntiger Resources USA Ltd. There are no underlying annual lease payments on the property, nor are there any joint venture or carried interests on the property. There is a 3% net smelter returns royalty on 8 core claims in the central portion of the Danbo property and a 2% net smelter returns royalty on the Amsel property.

Recent Exploration, 2016-2018

VR has completed numerous reconnaissance surveys and detailed field programs on the various properties within the Big Ten project, starting in the fall of 2016. Work includes:

2016 (Danbo Property)

  • Geological mapping of Tertiary volcanic stratigraphy, and structural mapping of the vein system;
  • Alteration mapping in the field, aided by systematic collection of 43 samples of vein outcrops for SWIR spectral analyses (TerraSpec mineral reflectance alteration mapping);
  • Soil sampling: 96 samples on 50 metre stations on 6 lines covering 800 m strike length of the vein system;
  • Ground magnetic survey: 16 lines, 600 m long, on 100 spacing, for 9.6 line-kilometres covering an overall area of approximately 1.6 kilometer by 600 metres, covering the entire known vein system.

2017 (Danbo Property)

  • Airborne Hyperspectral survey for mineral alteration mapping covering 3 by 1.5 kilometre area: 3 metre pixel resolution; Level III processing;
  • Soil Sampling: 49 additional samples to extend and infill existing samples; and
  • Rock sampling for geochemistry: 59 samples

2018 (Big Ten Project)

An airborne magnetic and radiometric survey, and an airborne hyperspectral survey were completed in June 2018, covering the area surrounding the Amsel property:

  • The helicopter-borne, high resolution magnetic survey consists of 108 lines spaced 100m for 912 line-kilometres in total covering a block approximately 8 x 10 kilometres in size.
  • The fixed wing hyperspectral survey covers approximately the same area as the magnetic survey. It is used for mapping alteration based on spectral mineral reflectance properties.

The Company used the results as the foundation for a nine-day field program of reconnaissance – level and detailed geological mapping, prospecting and rock sampling (54 samples). A one-week follow-up program of geological mapping and prospecting was completed in the fall of 2018, during which an additional 28 rock samples were collected.

The Company continues to synthesize and integrate data from the Big Ten corridor for ongoing exploration targeting.

The Company continues to work with the National Forest Service on a Plan of Operations drill permit for targets on the Danbo property. A formal scoping estimate is in hand from a third party, including program and budget, for baseline surveys required for the Plan of Operations submittal. The Company will evaluate and consider this work for the spring of 2019.

Property Geography and Mineralization

The Big Ten caldera is a Tertiary-aged volcanic complex some 15 -20 kilometres in diameter, and located near the eastern limit of Tertiary-aged extension, volcanism and faulting of the Walker Lane Belt in west-central Nevada. The Round Mountain (16 M oz gold) and Manhattan (800,000 oz gold) epithermal gold systems occur in similarly aged rhyolite caldera centers immediately to the north and northwest. Further, the low-sulfidation character of the hydrothermal gold-silver quartz vein system at Big Ten is comparable to Round Mountain.

The Clipper, Danbo and Amsel properties all occur along/within a northwest-southeast trending structural corridor which bisects the entire Big Ten caldera. The Companies Big Ten project refers to this 8-10 kilometre mineral trend of epithermal gold-silver quartz veins exposed at surface in rhyolite host rock.

There are common elements to the various occurrences at the Company’s Amsel, Danbo and Clipper properties which collectively strengthen the exploration model around the Big Ten structural and mineral trend. For example:

  • All three properties occur near fault offsets, or fault intersections within the northwest-southeast trending corridor;
  • Individual quartz veins on all three properties are subvertical and northwesterly striking, parallel to the Big Ten trend itself;
  • The style of mineralization is that of a low-sulfidation epithermal system, but gold and silver values are commonly highest in samples with visible, disseminated, fine-grained and bright silver iron sulfide (pyrite);
  • Quartz veins do not occur in isolation, but in quartz vein sets across several hundred metres with and one to two kilometres of strike;
  • Quartz vein sets are commonly associated with obvious zones of silicification, including a broader topographic knob of bleached and silicified rhyolite tuff at Amsel, and distinctive, resistant ribs silicified rhyolite northwest of Amsel, and at Clipper.

Danbo Property Geology

Danbo is an epithermal gold prospect hosted in a sub-horizontal Tertiary pyroclastic sequence of rhyolite lapilli tuff and ash flow tuff. The volcanic stratigraphy exposed on the Danbo property consists of 4 well-defined felsic pyroclastic units. The pyroclastic units are sub-horizontal and do not show evidence of major faulting. No vertical or horizontal translations are evident across the major veins transecting the property.

A series of northwest-striking epithermal quartz veins can be traced across a north-trending valley incised into the pyroclastic sequence for approximately 1,500 m of strike. Three or four distinct zones of veined tuff are mapped across an overall width of 300 to 400 metres, with an additional zone inferred from soil geochemistry and hyperspectral surface alteration data implying a width of 1.1 kilometres. Individual veins are centimetres to decimetres wide, with metre-scale zones of quartz vein breccia in the central part of the property. Narrow (less than one meter), white weathering, crystalline mica-bearing argillic alteration halos are evident at most vein outcrops.

Drusy quartz in open space is nearly ubiquitous along the 1,500 m strike length. Bladed quartz after carbonate is also common, evidence of hydrothermal boiling in the high-level, low-sulfidation epithermal vein system at Danbo. Banded, colloform textures are observed only locally, and most commonly in the central, lower elevation part of the property.

The quartz veins generally contain trace to 1%, fine grained sulfide minerals as disseminated grains and blebs, most commonly a bright silver, subhedral pyrite. Gold-silver ratios in mineralized samples with visible sulfide are low, but variable, typically 10:1 or less.

Property Portfolio Map

Regional Setting

Property Location Map

Danbo Property
Quartz Vein System

Magnetic Survey

Boiling Texture

Open Space

Banding

Drusy Sulfide Vein

Vein Breccia

Clipper Property Field Photos