Yellow Band (MT) Test

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Overview

    • The unpatented mining claims are located in the historic Argenta Mining District, Pioneer Mountains, near Dillon, Montana
    • Gold Express is working towards a bulk mining permit that would allow gold production from Yellow Band on a limited basis
    • Exploration on the property has expanded the Yellow Band mine into a much larger area
    • Existing Historic Mineral Resource estimates (all categories) range from 1.2 MT at 0.378 opt Au to 1.9 MT at 0.283 opt Au with silver credit of ~2.7 opt Ag.

Yellow Band Operating LLC holds a land position of appx. 12.32 square miles.

Exploration Work and Potential

✔️  Completed new NI 43-101 report (see below);

✔️  Currently drilling;

✔️  Bulk Sample Permit granted by the United States Forest Service July 2024

Yellow Band is a near term production project located close to Dillon, Montana. The project is a historical gold mine hosted in limestone rocks. There has been a large number of studies and work done on the Yellow Band mine and exploration on the surrounding lands.

Drilling is ongoing (Summer 2024) to verify the existing resource. An exploration drill program is planned for Q4 2024. The drill permit is pending.

Permits that have been received:

  • Historic Yellow Band Minesite (resource confirmation drilling)
    • Approved January, 2024
  • Bulk Sample Permit (up to 10,000 tons for metallurgical testing and underground mine design purposes)
    • Approved by the United States Forest Service in July 2024; approved by the Montana Department of Environmental Quality (DEQ) in September, 2024.
  • Exploration Drill Permit
    • Approved by the United States Forest Service in September, 2024; and pending approval by Montana DEQ (expected end of year, 2024).

Yellow Band geologists have recognized the similarities of Yellow Band to the Carlin Gold district in Northern Nevada.  The closest geologic analogy to the gold mineralization at the Yellow Band Mine area is the Bootstrap District, Northern Carlin Trend, Nevada.  Barrick has taken a large land position in the Yellow Band district with mining claims and leases.

The Yellow Band district is elephant county for gold exploration.

Geology and Mineralization

Gold mineralization control factors at Yellow Band:

  • The mineralization is fine-to-coarse-grained native gold from 15 to 125 microns in size;
  • There are a few sulfide minerals associated with gold, mostly pyrite and chalcopyrite;
  • The gold mineralization is restricted to the quartz veins and silicified breccias associated with thrust faults in and cross-cutting, high-angle faults;
  • The mineralized quartz veins and silicified breccias are commonly crushed, fractured, or intensely re-brecciated as a result of continued movement on the faults and hydrothermal activity.

Yellow Band Technical Report