Project Summary
The Four Mile Basin Gold Property has two unpatented claims consisting of 20 acres and is situated in Nye County, Nevada. The claims encompass a substantial hot springs system that is characterized by prevalent surface sinter and feeder veins composed of crustiform banding and quartz replacing calcite textures.
The vein system is manifest as a prominent northwest trending topographic high that can be traced for a strike length of greater than 6,000 feet. Strongly anomalous gold mineralization has been encountered throughout the surface sinter and feeder veins. This project represents an underground, bonanza grade vein target similar to the Midas and Sleeper deposits, as well as a large, open-pit, volcanic-hosted target.
Economic Impact
We entered into an Exploration and Mining Lease agreement with La Cuesta International for the two claims. The lease is for a primary term of 10 years, with annual payments, work commitments and they are responsible for all BLM and County fees.
The Muskox Intrusion
The Muskox Intrusion is one of the last undeveloped world-class Nickel-Copper-Platinum Group Element (PGE) prospects. NexGen Mining Inc (NXGM) is offering for exclusive sale a complete modern data set covering this property. It represents a significant investment of time and money and would allow the owner to begin an advanced exploration program immediately.