A rare opportunity to earn into a district-scale, oxide gold system in Mono County, California. The California Gold Project spans ~16,000 acres and hosts an intact low-sulphidation epithermal Au-Ag system with outstanding exploration upside.
🔹 Structure: Flexible – Earn-in or staged acquisition for up to 80%
🔹 Land Package: ~16,000 acres covering major fault structures with strong potential for expansion
🔹 Geology: Large oxide footprint (2.5 x 2km) hosted in volcanogenic sediments within an active caldera
🔎 Geological Drivers:
✅ Deep-rooted Hilton Creek Fault – primary conduit for mineralisation
✅ Rhyolite resurgence – brittle fracturing creating traps for Au-Ag deposition
✅ Strong alteration: kaolin + quartz-hematite – primary gold hosts
✅ Open in all directions with several underexplored parallel structures
🧪 Drilling & Resources:
✅ 896 historic holes (RC + core)
✅ NI 43-101 Resource (Sept 2020)
🔹 1.2Moz Au Indicated (63.7Mt @ 0.58 g/t)
🔹 456koz Au Inferred (22Mt @ 0.65 g/t)
💰 Economics (PEA – Amended June 2021):
✅ Shallow, low-strip, heap leach project
✅ Low capex/opex + nearby infrastructure
📈 NPV5% post-tax:
🔹 US$352M @ $1,800/oz Au (IRR 58%)
🔹 US$438M @ $2,000/oz Au (IRR 67%)
🔹 US$653M @ $2,500/oz Au (IRR 90%)
🔹 Avg. 102,000 oz Au/year over 7 years
🔹 Exploration upside: untested oxide zones, deeper sulphides (up to 2 g/t Au), and silver credit potential
Growth Potential:
🔹 Significant upside along strike and at depth
🔹 Parallel structures remain largely untested
🔹 Land package can be expanded with vendor support
View more info HERE
Project Spotlight: Large, Advanced Gold Project – California
- Jack Gregson