Gold & Silver Mining Exploration Company
The Silverfield Project is comprised of 80 acres of mining claims (4 unpatented lode claims) in the Owens Mining District in southern Mohave County, Arizona, immediately north of the Bill Williams River. The mine produced silver in both the 1940’s and the 1960’s, primarily from workings at Big Hill and North Star Hill, where an unmined silver resource has been reported to remain. There are shafts, adits and open cuts on the property.
There is also gold potential. Anschutz Mining did a preliminary drill campaign in the 1980’s, following up on high grade surface exposures of over 1 ounce per ton gold. The Company has acquired the Anschutz drill logs and assay reports, which include encouraging intervals.
The regional geological setting includes a number of detachment faults, which are associated with mineralization in both the upper and lower plates. At Silverfield, there is replacement silver and copper mineralization of upper plate quartzite and silicified limestone. In addition, there is hot springs type precious metal mineralization associated with sinter. There is widespread alteration including associated barite deposits. Sampling by the State of Arizona also reportedly found a vanadium occurrence on the property.
Initial exploration by the Company will focus on the reported silver resource, as well as compilation of the results from past exploration by Anschutz Mining.
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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