Project Summary
The Gold Star Property is a high-grade precious and base metal deposit located in Mineral County, Nevada. In the project area, two types of mineralization have been encountered, free gold and copper mineralization associated with a skarn system and high-grade silver-lead-zinc mineralization hosted in a major east-west trending fault zone hosted in carbonates.
Drill hole intercepts encountered by previous mining companies on the project include: 20’ @ 11.9 opt Ag and 19.5% lead-zinc and 61’ @ 8.1 opt Ag and 15% lead-zinc.
In 2002, the company collected surface geochemical samples that identified several gold anomalies ranging up to 0.33 opt gold.
Economic Impact
NexGen Mining is the beneficial owner of certain mineral interests known as The Gold Star Project. NexGen Mining granted Sunvest Minerals Corporation an earn-in right and an option right to the Gold Star Project in a fully executed lease agreement. The lessee is currently at 80% acquisition of the property and can eventually earn 100% of the Gold Star Project. Sunvest Minerals Corporation is responsible to pay all BLM and county rental maintenance fees. Once the project is in production, NexGen Mining can expect royalties equal to 2.0% of Net Smelter Returns on all mineral products produced from the property.
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.