Manhattan

Situated on the southern periphery of the Manhattan Caldera, approximately 16 km south of the over 15-million-ounce Round Mountain Mine is the 100% owned Manhattan property. 

This 6,071-acre property encompasses the Goldwedge Mine, the recently acquired Kinross Manhattan properties with two past producing gold mines, and the Keystone and Jumbo deposits.

The Goldwedge Mine is a fully permitted underground mine with over 600 meters of excavation. Drilling has outlined mineralization over a 335-meter strike length and to a vertical depth of over 150 meters (open).

Considerable exploration work on the Manhattan properties has been conducted by various operators since production ended at the Manhattan Mine in 1990.

2024 Drill Hole Highlights:

Project Highlights:

  • Phase 1 drilling commenced on June 4, 2024 and consisted of five drill holes totalling 1,178 meters.
  • First batch of assays from Phase 1 drilling (see news release October 24, 2024):
    • Hole 24MN-007 provides strong results confirming mineralization associated with the Reliance Fault.
    • Hole 24MN-009 confirms mineralization 115 meters below surface that is open at depth, along strike, and to the east (see Figure 2).
  • The remaining assay results from our 2024 drilling campaign at the Manhattan District are pending.
  • Manhattan has had over 100,000 meters of drilling historically, across 1,100 drill holes, by Echo Bay Mines and Kinross
  • The Echo Bay West Pit and Goldwedge have the potential to be a single body of mineralization and drilling between these deposits returned significant high-grade gold intercepts.
  • 1,200 total holes have been drilled to date with only internal resources estimated.
  • There is potential to connect the Goldwedge Mine, the Echo Bay West Pit, the Echo Bay East Pit and the new Caldera Splay Zone into a single large gold deposit.
  • We are undertaking the required work to generate a compliant resource from the existing drilling and will continue expanding the open gold intercepts.

Quick Facts:

  • Mining in the Manhattan District dates to the 19th century.
  • Combined placer and underground production is estimated at 640k oz gold.
  • The Reliance Mine produced ~59k tons grading 12.3 g/t gold from 1932-1941.
  • The Manhattan Mine East & West pits produced ~236k oz from 1974 to 1990.
  • Total land position includes 4,971+ hectares across the entire Manhattan district.
  • Includes 100,000 meters of historic drilling and multiple geophysical surveys, including gravity, magnetics and resistivity surveys.
  • Compilation of historic drill results is currently in process and going through QA/QC.

 













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