Gold & Silver Mining Exploration Company
Burnt Well Gold Exploration Properties
Burnt Well Gold Exploration Properties
The Burnt Well Gold property is comprised of 9 unpatented lode mining claims (approximately 160 acres) in the Harcuvar Mining District, about 20 miles from the town of Wenden, in La Paz County, Arizona. It is near the northern flank of the eastern Harcuvar Mountains in the eastern portion of Butler Valley. Access is by taking Alamo Road, a paved road, 20 miles north from Wenden, then proceeding east for 6 miles over an unpaved road to the property. The land is administered by the US Bureau of Land Management (BLM). Burnt Well is a former Cordex Exploration Co. (“Cordex”) project, which includes the historic Silver Lining Mine.
There are several shafts, pits and dumps on the property, which explored complex structural zones in the Tertiary hanging wall rocks, just above a regional detachment fault known as the “Bullard Detachment Fault.”
The Tertiary rocks are andesite flows, well-bedded siltstones and conglomerates. In the vicinity of the Silver Lining Mine, the upper plate is intensely altered and shattered. The principal outcrop at the Silver Lining Mine is approximately 40 to 80 meters from the detachment fault. The sedimentary rocks on the mine dump contain hematite, chrysocolla, calcite and sparse manganese oxides. Gold, silver and copper mineralization is found in the altered sedimentary rocks. The lower plate rocks, below the Bullard Detachment Fault, do not appear to be mineralized, and include a variety of metamorphic rocks including Precambrian mylonitic gneiss.
Cordex sampling of gold mineralization along structures at the main Burnt Well shaft and adit reportedly yielded gold values up to 34 g / t (1.0 ounce per ton). Also of interest are disseminated gold values ranging from 0.34 to 1.03 g/t (0.01 to 0.03 ounce per ton) in silicified Tertiary siltstones, over widths of 20 feet or more. The Tertiary rocks in the project area are mostly covered by thin pediment gravels. However, two shallow shafts (the “Southwest Shafts”) about 1.6 kilometers (1.0 mile) southwest from the Silver Lining Mine, yielded a sample of 3.4 g / t (0.01 ounce per ton) of gold from Tertiary andesite.
Exploration plans include follow-up on magnetic anomalies found by a Cordex surface magnetic survey, as well as additional sampling and geophysical work designed to outline targets for drilling.
Burnt Well Mining District Geology
The upper plate of the Bullard detachment fault contains a conglomerate unit with cobbles and pebbles up to 30 cm diameter of mylonitic gneiss, chloritic breccias, foliated and unfoliated granitic rocks, Tertiary intermediate volcanic, Paleozoic quartzite and limestone, reworked Tertiary sandstone and conglomerate. Clast composition varies from outcrop to outcrop. Mylonitic gneiss and chloritic breccias form 0 to 10% of the clasts. Paleozoic quartzite and limestone form 0 to 10% of the clasts. The stratigraphic sequence of the Miocene sedimentary and volcanic units is not yet known, except that the conglomerate unit overlies the sandstone unit at one location near the Silver Lining Mine.
Near the southwest corner of the claim block, a moderate to steep, northeast – trending fault is marked by a gouge zone with steeply dipping shears Tertiary volcanic rocks are present in the crush zone of this fault. The outcrop here is on strike with linear color contrast to the northeast, clearly visible on air photos that is parallel to the Harcuvar Mountain range margin and is inferred to be a high-angle fault based on this exposure.
Silver Lining Mine Mineralization
The main shaft and adit are in the upper plate, in tan and maroon Tertiary siltstone, within the conglomerate unit, located approximately 40 to 80 meters from the Bullard detachment fault. Tertiary sedimentary rocks in the mine dump contain hematite, chrysocolla, calcite and sparse manganese oxides.
Mineralization at the Southwest Shafts
The Southwest Shafts are sunk in the upper plate of the Bullard detachment fault in Tertiary conglomerate. There is sparse chrysocolla and hematite stain on mine-dump rocks. Approximately half a mile further southwest, near the southwest corner of the claim block, there is a prospect on a quartz-barite vein in locally calcareous Miocene sandstone.
THIS IS A VERY BRIEF OVERVIEW OF THIS EXPLORATION PROPERTY. DETAILED OVERVIEWS ARE BEING PREPARED BY AN INDEPENDENT GEOLOGIST ALONGSIDE THE COMPANY’S MANAGEMENT. CERTAIN INFORMATION HAS BEEN TEMPORARILY EXCLUDED FROM THIS OVERVIEW AS IT IS VIEWED AS “COMMERCIALLY SENSITIVE” FOR VARIOUS REASONS.
GNCC CAPITAL, INC. HAS OBTAINED THE CERTAIN OF THE FOLLOWING INFORMATION FROM THE PUBLIC RECORDS OF STATE GOVERNMENTAL AGENCIES AND IS SUBMITTING THEM IN THE INTEREST OF FULL DISCLOSURE. UNDUE IMPORTANCE SHOULD NOT BE GIVEN TO THESE MATERIALS, AS THEY ARE OF AN HISTORICAL NATURE AND MAY PERTAIN TO MINING PROPERTIES IN ADDITION TO THOSE PRESENTLY CONTROLLED BY GNCC CAPITAL, INC. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT REPRESENTATION OR WARRANTY BY GNCC CAPITAL, INC. AS TO THEIR CONTENTS.
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