GOLD RIDGE PROJECT OVERVIEW

 

Location and Access


The Gold Ridge Property is located in north central Cochise County in southeastern Arizona in the southern foothills of the Dos Cabezas Mountains, approximately 16-miles east-southeast of Willcox, Arizona.

Willcox is approximately eighty-five miles east of Tucson, Arizona and lies along U.S. Interstate Highway 10. Modern services and accommodations are available in Willcox and it is served by the Southern Pacific Railway.

The property lies on a County maintained gravel road about two and a half miles northeast of the settlement of Dos Cabezas.

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Past Production


  • Gold production on the Gold Ridge Property was sourced principally from the Gold Prince mine. Two other mines exist on the property; the Gold Ridge and Dives mines, both saw only minor production.
  • The Gold Prince Mine produced 22,000 ounces of gold from multiple gold veins with grades averaging 0.344 ounces gold per ton (11.79 grams gold per tonne).
  • The mine was in production sporadically over a period 16 years between 1932 and 1996.
  • Gold prince has a total of 5,862 ft of underground development on 6 levels and ore-bearing veins are reported to average 3-to-6 feet in width, and dip from 50° to 75°.

 

Opportunity


Gold Mineralization on the Gold Ridge Property is described as “Mesothermal” which indicates that the vein system at the Gold Prince Mine may continue to considerable depth. This is a common characteristic of mesothermal vein systems worldwide.

The Gold Prince mine was only mined down 5 levels and development was just commencing on the 6th level when production stopped in 1996.

From 1986 until the mine closed in 1996 the mine was producing silica flux material (from the quartz vein) for the Hidalgo Copper Smelter, operated by Phelps Dodge. The gold was recovered as a byproduct in the smelting process.

Production at Gold Prince ceased when the copper smelter was shut down, not because the mine was out of ore.

Recovering precious metals from narrow, high-grade vein systems is Management’s specialty.

Since the Gold Prince mine has an extensive historic drill database (486 underground and surface drill holes totaling 27,774 ft), the company has access to an excellent opportunity to quickly and cost effectively identify additional minable mineralization.

Both the hanging and footwall sections of the vein system are stable and the mineralization is well suited for shrinkage stoping mining methods requiring minimal startup and sustaining capital expenditures.

It is management’s intention to confirm and extend mineralization at the Gold Prince mine and then acquire the necessary permits to commence test mining at an initial rate of 150 tons per day.

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