Moose Ridge, Idaho

The Moose Ridge project is located ~15 km northwest of Salmon Idaho and is an intrusion-related gold vein target. The host rocks are Proterozoic granite and quartzite, Cretaceous and Eocene intrusions cut by quartz-sericite-pyrite-arsenopyrite stockworks and disseminated zones located proximal to the Panther Creek shear zone (“PCSZ”). On strike of multi-Moz Beartrack deposit¹, primary control of mineralization is the PCSZ which continues onto EMX property.

Ground magnetics yielded broad mag-lows (magnetite destruction from sericitic alteration) associated with Beartrack mineralization in PCSZ. Mag-high at intrusion related stockwork immediately west of Beartrack at Arnett. Beartrack bulk tonnage mineralization is also responsive to IP/Resistivity techniques.

Located in a mining-friendly jurisdiction, the nearby Beartrack Mine oxide heap leach operation produced 600 Koz Au¹ in the 1990’s. Widespread placer gold throughout property with unidentified lode source.

In March 2023 EMX sold the project to Scout Discoveries Corporation (“Scout”) for a 19.9% stake in Scout, plus a 3.25% net smelter return (“NSR”) on the property, annual advanced royalty payments (“AAR”), and milestone payments. See Company news release dated March 8, 2023 for more details. Scout is a U.S. private corporation headquartered in Coeur d’Alene, Idaho. 

¹Revival Gold NI-43-101, Technical Report for the Beartrack-Arnett Creek Gold Project, Lemhi County, Idaho. Prepared by: RPA, 2/21/2020. Qualified Persons: Mark B. Mathisen, C.P.G. Ryan Rodney, C.P.G. Kathleen A. Altman, Ph.D., P.E

Note: The nearby mines and deposits mentioned above provide context for EMX’s Project, which occurs in a similar geologic setting, but this is not necessarily indicative that the project hosts similar tonnages or grades of mineralization

Maps

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Photos