Tonopah Summit is a low-sulfidation epithermal gold project located in Nye and Esmerelda County, Nevada. The land position includes 425 unpatented lode mining claims; and 8,500 acres of BLM land which comes with a 30-day drill permitting timeline.
The project is strategically situated to include the southern portions of the Tonopah Ag-Au District (174 Moz Ag and 1.86 Moz Au historic production) 1 and northern and eastern portions of the Divide Au-Ag district that carries a recent positive feasibility study on the Hasbrouck Project.2
EMX land position includes key host rocks seen within Tonopah and Divide district and kilometer-scale zones of argillization, silificiation, and zones of epithermal veins with sinter/near surface silica identified in multiple areas on the property. Historic reports mention multi-gram Au and >100g/t Ag in sinter zones, which EMX has sampled for verification (assays pending).
Keys targets are Tonopah-style high-grade underground mineable epithermal veins beneath syn- to post-mineral cover. The potential for continuation of Main Tonopah Vein to be offset onto EMX property is likely given regional right-lateral faulting, typical of the Walker Lane District, and the fact the Main Tonopah vein is cut by Halifax fault. Additional target exists in the south for a bulk-tonnage, surface minable disseminated Au-Ag hosted in shallow hydrothermal cells associated with widespread clay/silica and sinter.
1USGS, 2019. Petrographic, Geochemical, and Geochronologic Data for Cenozoic Volcanic Rocks of the Tonopah, Divide, and Goldfield Mining Districts, Nevada. Data Series 1099.
2West Kirkland Mining 43-101, 2016. Technical Report and Updated Preliminary Feasibility Study: Hasbrouck and Three Hills Gold-Silver Project Esmeralda County, Nevada. Effective Date: September 1, 2016. Qualified Person: Thomas Dyer.
*EMX has not performed sufficient work to verify the published historical drill data, and these data cannot be verified as compliant with NI 43-101 standards. Although these samples should not be relied upon until they can be confirmed, EMX believes they are reliable and relevant.