The Morning Glory Project, Lemhi County, Idaho USA
Right to Earn 100% Formation Metals (Gold)
The Morning Glory project is situated in Lemhi County, Idaho, USA, approximately 4 miles northwest of the town of Salmon, Idaho. where mineralization was first discovered in the 1890's. The property contains shear hosted oxide gold occurrences believed to be amenable to open pit mining techniques processed by heap leach recovery techniques. Meridian Gold's Beartrack Mine which was shut down in the early 2000's due to depressed gold prices, located 4 miles west of the Morning Glory property, is a similar shear hosted, heap leachable oxide gold deposit. Beartrack's past production and current reserves total 48,000,000 tons of oxide gold ore grading 0.035 oz/ton gold, for a total leachable reserve in excess of one million ounces of gold. Numerous high grade gold sulphide-quartz veins are also present on the Morning Glory property.
Previous work on the property included property wide reconnaissance surveys, soil sampling programs, geophysical surveys, preliminary trenching, old mine workings rehabilitation and the completion of 23 reverse circulation drill holes. Previous drill intersections from this area include 0.049 oz/ton gold over 160 feet, 0.032 oz/ton gold over 225 feet, and 0.044 oz/ton gold over 50 feet. The project is currently available for joint venture.
