Location: Humboldt Co., T42N, R30&31E, Dyke Mining District
Geology/Description:Nevada Select Royalty has recently acquired the Dyke Hot Spring property through staking of unpatented lode mining claims. It is located on the southeastern edge of the Pine Forest Range about 20 miles south of Denio, Nevada.The prospect encompasses gold and silver-bearing epithermal quartz veins and breccias in outcrops of altered units of the Permian Happy Creek Volcanic Sequence.Veining and breccias are associated with near vertical and low angle faults. Surface samples from outcropping vein exposures taken by Kernow Resources in the early 1990s assayed as high as 3.12 grams/tonne gold, with grab samples of gossanous vein material from old mine dumps reporting up to 0.9 ounces gold and silver per ton.Limited, sporadic drilling by exploration companies prior to Kernow demonstrated that mineralization can be followed in the outcrop areas but also continues eastward across a post-mineral range front fault under recent pediment gravels. Drilling records from those earlier explorers (summarized by Kernow) show strong mercury and silver values with moderate to strong goldin pyritic to hematitic silicification and vein quartz in andesites over widths of 20-50 feet within 200 feet of the surface.Gravity surveys associated with this drilling suggest that much of the pediment is shallow and additional geophysical surveys, especially Induced Polarization (IP) - Resistivity, should be helpful in guiding future exploration drilling. The Company believes that the Dyke property contains excellent potential for discovery of additional mineralization in outcrop and under pediment cover.
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