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An agreement with Premier Gold Mines (TSX:PG) has been signed by Ashburton Ventures Inc. (TSXV:ABR,FWB:ARB) to option the Golden Edge property 50 kilometers east of Winnemucca, Nevada. Ashburton has also entered into an alliance with Premier Gold Mines, in which Ashburton will assess new gold exploration opportunities in North America exclusive of Premier’s Red Lake and Saddle project areas.
An agreement with Premier Gold Mines (TSX:PG) has been signed by Ashburton Ventures Inc. (TSXV:ABR,FWB:ARB) to option the Golden Edge property 50 kilometers east of Winnemucca, Nevada. Ashburton has also entered into an alliance with Premier Gold Mines, in which Ashburton will assess new gold exploration opportunities in North America exclusive of Premier’s Red Lake and Saddle project areas.
As quoted in the press release:
The 2012 exploration program for Golden Edge will emphasize drilling for a concealed bulk minable gold target ideally positioned on a north-south structure 26 kilometers south of the Turquoise Ridge Mine (operated by Barrick Gold Corporation) and eight kilometers north of the Lone Tree Mine (operated by Newmont Mining Corporation). All of the gold and base metals deposits in this area are intimately associated with structures, with the Lone Tree Mine focused on a 90m-wide structure called the Valmy fault zone that is believed to extend northward onto the western portion of the Golden Edge property based on regional magnetics.
Golden Edge was acquired by Premier after review of historical activity on or near the property, most of which was completed in the late 1990′s. Based on historical geophysics and drilling completed over six drill holes, mineralization is believed to lie beneath 200-500m of cover in Paleozoic-aged detrital and carbonate rocks of the Antler orogenic belt.
Click here to read the Ashburton Ventures Inc. (TSXV:ABR) press release
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