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.
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