The Artillery Peak gold prospect in western Arizona is located approximately 37 miles east of Lake Havasu, Arizona and 56 miles south of Kingman, Arizona. The Company controls the project through a lease with an underlying owner and through the staking of additional unpatented lode claims. The property is situated approximately 50 miles northeast of the Copperstone Mine (~500,000 ounces gold) and 50 miles southeast of the Oatman District (2,000,000 ounces of historic production).
Artillery Peak is an untested, bonanza grade vein system hosted within Precambrian granite.The granite has been intruded by diabase and rhyolite dikes, which are generally oriented parallel to the primary structures. The structural fabric is low angle, dips to the west and serves as the primary control for the gold mineralization.
To better define the drill targets a detailed soil sampling survey was conducted by past operators with the collection of 657 samples which were analyzed for gold. The results are available to the Company and show a well constrained gold-in-soil anomaly which measures 750×450 meters and completely surrounds the known vein systems.
The Company acquired Artillery Peak via a lease agreement in November 2021 and then completed a field sampling program in February 2022. Upon reviewing the historical data and project field results, the Company began permitting a drilling and trenching plan of operations with the BLM. After responding to the BLM’s comments, and the completion of the BLM’s archeological survey of the property, final approval was granted in March 2022. A reclamation bond has been put in place which will be returned to the Company upon successful completion of the planned activities and reclamation. An initial drilling program consisting of 10-15 shallow drill holes will begin in 2023.