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USA

NEVADA SILVER & GOLD

Altitude Minerals has identified Nevada as an area of significant interest for Gold and Silver exploration.

Nevada is ranked #1 jurisdiction in the World by the Fraser Institute for Mining and is the USA’s top gold-producing region, contributing more than 70% of the U.S. total gold production.

This high level of output makes it a significant player globally, accounting for roughly 3-5% of the world’s total gold, and makes Nevada the fifth-largest gold producer behind countries like China, Australia, Russia, and Canada.

Our Projects in the Region

Overview

The Firenze project is a high-grade Silver & Gold opportunity comprising 90 claims in Nevada, that despite its strong potential was classified as a Wilderness Study Area (WSA), and as a result has never been drilled.  However, in 2022, the project area was reclassified by the BLM and is now open for exploration. It has outcropping low-sulphidation epithermal Ag-Au veins ~1,000m in strike that remain open to the east with potential extensions under shallow cover. The mineralisation has been confirmed at surface, with exceptional recent rock chip assays including:

  • 1,825 g/t Ag with 22.5 g/t Au
  • 1,250 g/t Ag with 9.3 g/t Au
  • 534 g/t Ag with 43.9 g/t Au
  • 600 g/t Ag with 2 g/t Au

The Firenze Project is only 10km from the Interstate-50 highway, and has tracks to significant outcrops allowing for year-round access and accelerated exploration activities.

  • Location of the Firenze Project and nearby deposits
  • Altitude team at the Firenze Project

Geology

The Firenze Project is prospective for high-grade vein-hosted silver and gold epithermal mineralisation (low-sulphidation) immediately below outcropping mineralised veins. Analogous to the Silicon Deposit is a larger-scale opportunity for a gold-silver deposit under cover, where mineralised veins plunge under cover and intersect basin-bounding fault lines disrupted by cross-basin structures. This creates a permissive structural setting for mineralised fluids to potentially form a large-scale disseminated gold-silver deposit at the Firenze Project.

Latest news from The Firenze Project

Overview

The W Project is on the North-Eastern flank of Winnemucca Mountain in Humboldt County, geologically on the western margins of the Northern Nevada Rift (NNR), approximately 8km north of Winnemucca and 2 hours northeast of Reno. The NNR is sub-parallel and adjacent to the Battle Mountain – Eureka Trend. Northern Nevada is known for its significant low-sulphidation epithermal gold deposits, and the project has up to 30m wide outcropping low-sulphidation epithermal Ag-Au quartz/calcite veins ~1,800m in strike, untested at depth, with untested interpreted structural intersections. The limited historical drilling done on the project also did not test for potential high-grade boiling & feeder zones.

Despite this, 40 of 43 historical drill holes intersected gold mineralisation, highlighting the project’s prospectivity.

Significant Historical Intersections include:  
  • 37m @ 1.30 g/t Au, 9.8g/t Ag from 31m (W87-1);
  • 3m @ 3.75 g/t Au, 4.2 g/t Ag from 73m (W87-6);
  • 3m @ 1.6 g/t Au, 22 g/t Ag from 81m (DWP92-2);
  • 37m @ 0.77 g/t Au, 3.96 g/t Ag from 47m (W90-29);
  • 20m @ 0.68 g/t Au, 1.34 g/t Ag from 26m (W87-24);


Nearby deposits include:  
  • Sleeper Deposit with current Measured and Indicated mineral resource of 163.2 Mt @ 0.36 g/t Au for 1.897 Moz Au, owned by Paramount Gold.
  • Sandman Project owned by Borealis Mining. Current Indicated and Inferred resources are 18.55 Mt @ 0.73 g/t Au for 433 koz Au.
  • Midas Mine historical production of 2.2M ounces of gold and 27M ounces of silver at an average grade of @ 0.5 oz/ton or ~15.5g/t AuEQ

Location of the W-Project, Firenze Project and selected nearby deposits

The project has limited historical drilling, which did not test for potential high-grade boiling & feeder zones. However, 40 of 43 historical drill holes intersected gold mineralisation. Altitude has also found up to 30m wide outcropping low-sulphidation epithermal Ag-Au quartz/calcite veins ~1,800m in strike, untested at depth, with untested interpreted structural intersections. 

Significant Historical Intersections include:

  • 37m @ 1.30 g/t Au, 9.8g/t Ag from 31m (W87-1);
  • 3m @ 3.75 g/t Au, 4.2 g/t Ag from 73m (W87-6);
  • 3m @ 1.6 g/t Au, 22 g/t Ag from 81m (DWP92-2);
  • 37m @ 0.77 g/t Au, 3.96 g/t Ag from 47m (W90-29);
  • 20m @ 0.68 g/t Au, 1.34 g/t Ag from 26m (W87-24);

 

Nearby deposits include:

  • Sleeper Deposit with current Measured and Indicated mineral resource of 163.2 Mt @ 0.36 g/t Au for 1.897 Moz Au, owned by Paramount Gold.
  • Sandman Project owned by Borealis Mining. Current Indicated and Inferred resources are 18.55 Mt @ 0.73 g/t Au for 433 koz Au.
  • Midas Mine historical production of 2.2M ounces of gold and 27M ounces of silver at an average grade of @ 0.5 oz/ton or ~15.5g/t AuEQ

Latest news from The W-Project