Sierra Nevada Gold Inc. [ASX:SNX]

https://sngold.com.au/

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Sierra Nevada Gold was established in 2011, with more than US$10M invested in building and exploring a portfolio of precious and base metal projects in Nevada, USA.

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It remains focused on its historic Warrior Project, with significant discoveries currently developing at the project, located in a world-class mineral province that hosts numerous large gold, silver and copper deposits.

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Sierra Nevada is currently exploring five projects, comprising of four gold and silver projects and a large copper/gold porphyry project, all representing significant discovery opportunities for the company 

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Blackhawk Porphyry and Epithermal Copper/Gold Projects

Favourably located in southern Nevada, the Blackhawk Project occurs within the prolific Walker Lane Trend, which is a Tier-1 mineral province that hosts numerous world class gold, copper, and silver deposits. The estimated production and Reserve endowment of the Walker Lane Trend is at least 50Moz of gold, 700Moz of silver, 4Mt of copper.

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Colorback Project – Carlin Style Gold

During 2022 Sierra Nevada completed five reverse circulation (RC) holes for 378m at Colorback and results confirmed the presence of near-surface gold mineralisation, verifying historic drilling that outlined zones of near surface oxidised gold mineralisation. CBRC001 returned 29.26m at 1.30g/t Au including 7.32m at 3.61g/t Au from 7.32m depth.

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Warrior Project – High Grade Epithermal Gold

The Warrior project is located within the Walker Lane Trend of southern Nevada. The Walker Lane Trend is a world class mineral province that host numerous large gold, silver and copper deposits including the giant Round Mountain deposit (20Moz Au), Comstock (8.5Moz Au, 200Moz Ag), Yerington Porphyry (4Mt Cu) and Candelaria (230Moz Ag). The Walker Lane Trend has recorded production and reserves of 50Moz Au, 700Moz Ag and 4Mt of Cu.

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New Pass Project – High Grade Gold

The New Pass Project is centered on the New Pass Mine which until recently produced gold at an average grade of 17g/t Au from two parallel NS striking quartz veins. Approximately 40koz’s of gold is estimated to have been extracted by private operators over its history. The New Pass Project contains 6.5km’s of largely unexplored structurally prospective strike

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Generative

In addition to its project portfolio, Sierra Nevada has established a grassroots generative program to detect potential deposit locations.

To date Sierra Nevada’s generative program has generated the following:

• 34 Priority 1 targets – 27 yet to be assessed

• 49 Priority 2 targets – 46 to be assessed

• 41 Priority 3 targets – all to be assessed.