TSX.V: LGR

Easter

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Figure 1. Location map for the Easter Project

The Easter Project is a low sulfidation, epithermal vein located in Lincoln County Nevada, approximately 15 kilometers SW of Caliente.  It is a large gold-mineralized system, with multiple vein, stockwork, and breccia zones which have been only partially tested by existing drill holes. 

Previous operators conducted numerous exploration programs, completing of the order of 24,000 meters of core and RC drilling.  The bulk of exploration focused on a limited segment of the outcropping vein system, eventually outlining a 43-101 compliant resource (101.7 Koz Au grading 1.54 g/t and 1,077 Koz Ag grading 14 g/t)*.

Host rocks to mineralization comprise a bimodal, Miocene volcanic complex derived from the Delamar Caldera; the project is 10 kilometers NE of the historic Delamar District (+650k ounces Au, +1,000,000 ounces Ag).

The Easter property is located 15 km SW of Caliente, Nevada.  The project consists of 46 unpatented lode mining claims under BLM jurisdiction.

Bedrock geology comprises a sequence of Miocene volcanic rocks deposited within the Caliente caldera.  Lithologies in the project area include felsic ash-flow and air fall tuffs, basaltic lavas, rhyolitic domes and intercalated volcanclastic sediments.

The main Easter vein forms an impressive topographic wall across the central portion of the property.  Host rocks include felsic volcanics and associated hypabyssal intrusives which exhibit extensive zones of quartz-adularia (footwall) and clay (hanging-wall) alteration.

High angle faults have been mapped within the project area, one of which appears to control the main vein zone.  Mineralization is closely associated with a sheared rhyolite tuff unit, and comprises a system of anastomosing fine grained chalcedonic and opaline quartz veinlets which occur as open-space fracture fillings and in multi-stage hydrothermal breccias.

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Figure 2. Geologic map with rock chip gold results

Gold mineralization at Easter is hosted by an extensive quartz-adularia vein and vein stockwork system which trends EW over a strike length in excess of 2.5 kilometers.  The main resource area has a strike length of approximately 500 meters and dips 55⁰ to 65⁰ north.  The mineralized zone is lens-shaped in cross section and varies in width from five to over 60 meters. Quartz textures include massive to laminated, chalcedonic varieties and display both colloform banding and quartz after calcite bladed textures.

Between 1975 and 2010, nine operators conducted exploration programs including geologic mapping, rock chip sampling, ground geophysics, and core / RC drilling.  This work delineated a 43-101 compliant resource of 108 Koz Au and 1.2 Moz Ag. 

The Easter Project has sufficient untested potential to warrant further exploration efforts.  The deposit remains unconfined down dip along its east and west flanks and further step out drilling is needed to delineate the limits of higher grade mineralization.  Outlying targets associated with historic workings and high grade surface samples need to be re-evaluated as potential drill targets, as well as untested geophysical anomalies which suggest the presence of a second, parallel vein system under shallow cover to the north. 

Dr. Craig Bow, Vice President Exploration of Logan, is a Qualified Person (“QP”) as defined by National Instrument 43-101.  The QP is a member in good standing of the American Institute of Professional Geologists as a Certified Professional Geologist (CPG.). Dr. Bow has reviewed and is responsible for the technical information disclosed on the website relating to the USA Gold Projects.