Cyon Exploration, is in the process of identifying some seriously promising locations for drilling at its Black Rock Canyon property. It’s applied for permits to get the ball rolling and permitting is now underway. This will give it permission to start deep drilling at its recently acquired Black Rock Canyon property in the highly lucrative Cortez gold trend in Nevada. Cyon Exploration’s Nevada project contains 71 placer claims and 159 lode claims, and its area covers 3,894 acres.
You can read more of Cyon Exploration’s (TSXV:CYON | OTC:CYNXF) latest news here.
Drill deep and discover!
Historical drilling carried out in the area was to depths below 300m, but Cyon Exploration hopes to drill much deeper. The management team is impatient to get moving, as previous drill results were very encouraging. They show significant gold anomalies present at shallow depths and indications that deeper drilling could find similar geologic formations as found in other major gold deposits along the Cortez gold trend.
Cyon Exploration has now identified specific drill sites and submitted a notice-level permit document to the U.S. Bureau of Land Management’s field office in Battle Mountain, Nevada. Approval is expected in the coming weeks. Then construction can begin in building out suitable access and drill sites.
Read our FREE in-depth report and DISCOVER how Cyon Exploration is positioned as a potential takeover target.
Love thy neighbour
Black Rock Canyon is on strike and on trend with mining goliath Nevada Gold Mines. Better still, this is an area where Nevada Gold Mines (a joint venture between Barrick Gold (NYSE:GOLD) (61.5%) and Newmont Corp. (NYSE:NEW) (38.5%)) has found proven and probable reserves of 29.4 million ounces.
To be precise, Black Rock Canyon is 16km north and 22km northwest of the Pipeline and Cortez gold mine complexes. Two years ago, the Pipeline/Cortez mining complex contained over 45 million ounces of gold in documented past production. It also had historical Proven and Probable reserves of 159 million tons at 0.055oz gold (Au)/ton.
Cyon’s Black Rock Canyon Property and the Cortez Gold Trend, Nevada – (modified from Barrick Gold Corporation, 2016; UTM NAD27 meters; blue line shows Nevada Gold Mines AOI)
READ OUR FREE REPORT: To discover more about this lucrative location, and Cyon Exploration’s prime assets.
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