FVAN Identifies Large-Scale Carlin-Type Gold SystemFVAN Bought in this morning. Big news! FOMO kicking in. Newsletters will be buying.
penetration into a potential gold target opportunity below the vanadium resource on its Carlin vanadium-gold property on the Carlin gold trend in Nevada. The gold opportunity was identified by renowned geologist and mine finder Dave Mathewson, a former Newmont regional exploration manager who is the company's geological adviser, and is the qualified person spearheading and supervising the gold drilling program.
Mr. Mathewson states: "With our very first hole we have drilled into a significant large-scale Carlin-type gold system at a reasonable depth, much like I have seen elsewhere in the Carlin gold trend. Typical Carlin-type deposit system geochemistry and alteration were encountered in this hole, indicated by gold (Au), arsenic (As), mercury (Hg), antimony (Sb) and thallium (Tl). This, along with other critical features including key rock formations, collapse brecciation and strong alteration (silica-pyrite plus/minus arsenopyrite-dolomite-realgar), make it potentially analogous to other important Carlin-type deposit systems such as Nevada Gold Mines' massive Gold Quarry deposit (13 miles to the northwest). Because of the significance of this first hole, we are immediately resuming reverse circulation drilling for the purpose of assessing the extent and strength of the system, and to begin vectoring into hot spots within the system."