Gold was discovered in 1930 by the Scossa Brothers and small-scale mining was active for the 1930s on high grade veins. Gold and Silver occur in interbedded slate, schist, quartzite and limestone of the Jurassic and Triassic age. The sediments have been intruded by diorite dikes and two episodes of quartz veining, one carrying precious metals.
The Lantern Property, located 2 miles to the south-east, was drilled by Newmont in the 1980s and has a drill-defined gold resource. The property is now held by Golden Predator Mining which also conducted drilling on the property in 2006. Hecla’s Rosebud UG mine is 4.5 miles north of the property and the Hycroft Mine is 9 miles north of the property.
The Company plans to perform geophysics and sampling work in 2022.