Corral Canyon Resources is a gold exploration project consisting of 3,100+/- acres of fee simple land ownership and 1,280 acres of claims
The property is located 1.5 miles south and on trend with Hecla's Fire Creek (formerly Klondex). The property is in the heart of Crescent Valley, just west of the town with access to power and roads.
1. CCR is a land and claims package that is the southeast extension of Fire Creek (the crown jewel of Hecla’s $462 million acquisition of Klondex in 2018). This is the anchor point for understanding the value of what CCR has. The moment Hecla acquired Fire Creek they immediately put drill rigs at our property line.
An Induced Polarization (IP)/resistivity geophysical survey was completed to the south along the known structural corridor, in the South Notice area. The survey is designed to help refine targets scheduled to be drilled later in the year and next year. The survey identified a target which is interpreted to be either a silica cap or sinter which is often associated with gold mineralization. In addition, three north-south striking chargeability highs were identified in the South Notice target area. Anomalies like these could correspond to sulfide feeder structures where gold mineralization may be found."
2. Hecla’s exploratory activities strongly suggest that Hecla believes Fire Creek extends into CCR’s holdings in Section 35. Information by request - literally all paths lead to Section 35.
3. CCR’s extensive, consolidated position of land and mineral rights covering 4,400+/- acres. In addition to the mining application the land has current interest from solar developers.
4. There were three primary concerns about this project being a viable target: 1. The gravel depth was likely too deep. 2. There was a significant down drop at our northern border. 3. The anomaly may or may not be pyrite related. As clearly proven in our small drill program the gravel was not deep, the vein sets extended at similar depth on our property and the IP anomalies were indeed pyrite related.
Heading into 2022 this project appears perfectly timed and poised for success with its friendly mining district, lots of local labor/technical resources, as well as the quality and quantity of resources and targets adjacent and on trend to CCR. Additionally, Klondex literally figured out the parameters of what constitutes successful targets after decades of exploring this area - highly charged and low density IP anomalies were consistently where the gold was found. From Jim Wright (long time world class geophysicist for Fire Creek) to Steve McMillin (actual geologist in charge during boom time that looked at every core sample for years) - the experts agree the science points to this being the Southeast extension of Fire Creek.
March 20, 2023
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