Cortus Metals (CRTS) is pleased to announce fieldwork results on its Grayson Project in Pershing County, Nevada.
Geological and structural mapping has identified a zone of extensive veining, silicification, and jasperoid outcrop coincident with newly discovered thrust faulting and a linear array of historical mine workings. This highly prospective new zone is projected to extend beneath shallow alluvial and volcanic cover, indicating significant potential for the discovery of epithermal gold mineralization.
Cortus CEO, Sean Mager commented,
“Grayson is one of the flagship properties in our portfolio. The emerging scale of this project and its proximity to producing mines and known deposits with analogous structure and mineralization demonstrate the potential for a making significant discovery in the underexplored basins of Nevada. The Cortus team is developing outstanding drill targets with systematic exploration, proprietary data and industry-leading expertise."
Project highlights
- Grayson is a 7,600-hectare claim package of alluvial/volcanic pediment close to numerous past and presently producing mines, including Relief Canyon Mine, Coeur-Rochester Mine and Spring Valley Canyon Mine;
- Grayson features stratigraphic and structural controls similar to mineralization at the Relief Canyon Mine, which is 26 km northwest and reported a measured-indicated-inferred gold resource of 834,200 ounces* in 2018;
- Grayson is within the Luning-Fencemaker thrust fault system, well-known for strong hydrothermal activity, which was key in forming the Relief Canyon, Goldbanks and other deposits;
- Mapping of thrust faults at Grayson revealed links with structures hosting known gold occurrences as well as antimony and mercury anomalies, important pathfinder mineralization;
- Measurements from recent structural mapping indicate the projection of bedrock below shallow cover at Grayson, indicating achievable drill depths to verify mineralization (fig.1);
- A regionally significant correlation of fluorite and clay minerals to Carlin-type gold mineralization has been documented on the property;
- Rock chip samples along the thrust fault in strongly silicified altered limestone units (Jasperoid) yield anomalous gold values up to 647 ppb gold, indicating the presence of a significant hydrothermal system;
- Results of a ground magnetic survey are currently being processed;
- A soil survey has been completed in the target area, with lab results pending;
- Grayson is in the drill permitting stage and is available for acquisition, option or joint venture.
Cortus Metals is a new Canadian mineral exploration company with a portfolio of highly prospective early-stage projects in Nevada.
Cortus Metals Inc. (CRTS) opened trading at C$0.15 per share.