Join Dan Hally COO and Head of Exploration at the Warren District Project, located in Idaho County, Idaho, encompasses a historically rich mining area approximately 100 miles north of Boise and 42 miles from McCall. This region, known for its significant gold-bearing vein/fissure systems, hosts over 40 substantial gold veins within a 15 square mile area, primarily striking east-west and dipping south. The veins, hosted in quartz monzonite of the Idaho Batholith, have historically produced gold grades ranging from 1 to 175 ounces per ton, with an average grade of 2 to 7 ounces per ton. The Warren District's geology consists of late-stage quartz fissures in quartz monzonite, with significant gold occurrences as free electrum within quartz veins. The district’s vein systems are deep, boudinage structures that pose challenges for exploratory drilling but promise high-grade ore pockets.
Sidney Resources Corporation is currently developing a 4-foot-wide vein system, with at least five parallel veins in close proximity. Bulk sampling of ore stockpiles located on the S1 placer claim revealed an average gold grade of 1.81 ounces per ton, equating to an estimated 45,250 ounces of gold with a market value of $91,712,700. Historical data indicates these stockpiles originate from high-producing mines such as Knott and Delaware, and the district’s potential is underscored by an inferred resource estimate of 3,040,000 tons of ore, potentially yielding 2,857,600 ounces of gold and 11,521,000 ounces of silver, valued at over $6 billion over an estimated length of more than 10,000 feet as reported by Professional Geologist, Richard Morris.
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25 авг 2024
