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.

Phase 1 - 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 (see Table 1).
  • 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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