• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    ceo interviews

    Gold79 Mines CEO: Poised to Unlock Exploration Potential in Southern Nevada

    Kevin Vanstone
    Oct. 07, 2020 02:00PM PST
    Precious Metals
    NYSE:KGC

    “We’re taking a similar approach to both the Tip Top and the Jefferson Canyon project: Cover the property in soil and rock sampling and see what the bigger picture can tell us.”


    Gold79 Mines CEO: Poised to Unlock Exploration Potential in Southern Nevadayoutu.be

    Gold79 Mines (TSXV:AUU) CEO Gary Thompson says the company has been busy exploring its Tip Top project while expanding the land package, which Thompson believes provides the company with additional exploration potential.

    “We staked a considerable amount of new claims to expand the holdings on-trend where we think that the gold potential is trending. We’ve been busy out there soil sampling, geological mapping and putting together the historical data to confirm where the holes are in the field,” said Thompson. “We felt it’s a good opportunity to get out there and really start to showcase the project.”

    Gold79 Mines owns a trio of gold projects in the state of Nevada, all of which are within or nearby the Walker Lane trend, which is home to a number of successful mining operations including the Comstock Lode, the Denton-Rawhide mine and the Paradise Peak mine.

    Thompson is particularly optimistic regarding the exploration potential of the Tip Top project due to the lack of initial exploration conducted on the property. “People get ahead of themselves, they start drilling and they keep drilling. However, they forget about doing the basic exploration work, which is geochemistry and geophysics,” said Thompson. “We walked the ground and looked at the alteration which gave us a pretty good idea of where the system is trending and what is happening there. There wasn’t any soil or rock sampling, so that was part of the reason we staked all the ground that we did.”

    In addition to the Tip Top project, Thompson is particularly excited about Gold79 Mines’ Jefferson Canyon project based on the success of existing mines in the area. “The best place to look for a mine is near another mine. The Jefferson Canyon project is located only 7.5 kilometers away from Kinross Gold’s (TSX:K,NYSE:KGC) Round Mountain mine, which has produced approximately 15 million ounces to date and has another two or three million in reserves, so we think the project has a great address.”

    Past drill results at Jefferson Canyon have been especially promising, including both gold and silver intercepts that caught Thompson’s attention. “There was one hole in particular that piqued my interest. It’s 42 meters at about six grams of gold and it had about 400 grams of silver. If you take the gold-silver ratio today and convert that into gold, that’s approximately 42 meters of 11 grams of gold or about a third of an ounce. That’s a spectacular drill intercept in Nevada next to a mine that is road accessible.”

    Moving forward, Gold79 Mines intends to continue to explore the Jefferson Canyon project by conducting additional initial exploration to inform future drill targets. “We’re taking a similar approach to the Tip Top project: Cover the property in soil and rock sampling and see what the bigger picture can tell us, which is pretty exciting.”

    For a comprehensive update from Gold79 Mines CEO Gary Thompson, watch the video above.


    This interview is sponsored by Gold79 Mines (TSXV:AUU). This interview provides information that was sourced by the Investing News Network (INN) and approved by Gold79 Mines in order to help investors learn more about the company. Gold79 Mines is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

    INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services, or securities of any company profiled.

    The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Gold79 Mines and seek advice from a qualified investment advisor.

    This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

    paradise peakgary thompsonnyse:kgcjefferson canyontip top projectdenton-rawhideceo interviewscomstock lodegold pricegold miningtip topmining in nevadaround mountain
    The Conversation (0)

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×