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