The Pyramid Property is an epithermal silver-gold mineral system that is situated in the historic Pyramid Mining District in the Walker Lane region of Western Nevada. The Property consists of 10 claims that are centered on a northwest structural zone that host intermediate sulfidation-style alteration and mineralization that are part of a much larger porphyry copper system found to the southeast. The Pyramid claims mineralization is hosted within the Miocene Hartford Hill rhyolite that has been altered to a phyllic assemblage and mineralized by quartz veins, breccias and fracture zones that host highly anomalous silver-gold-lead-zinc mineralization. The Property alteration is known to extend along a strike length of at least 4,700 feet with mineralized widths of several feet to at least 20 feet within the structural trend and grades of up to 22.0 opt Ag, 0.17 opt Au, 7.0% Zn, and 5.0% Pb.
Located in Washoe County, Nevada with Road Access
The Pyramid Property is an early stage exploration state type property that is located in Washoe County, Nevada within the historic Pyramid Mining District. Pyramid is situated in Section 16, Township 23 North, Range 21 East, Mount Diablo Base and Meridian and is 23 miles north of Reno, Nevada situated along the south side of Nevada State Route 445. Access to the Property is excellent and is gained by driving north on State Route 445 for 23 miles from Reno to the intersection with an unmaintained, year-round accessed gravel road. This gravel road connects to a series of trails and dirt roads that access the Property on its north, east, and west sides.
Ten Unpatented Lode Claims of 20 Acres Each
The Pyramid Property consists of ten unpatented lode claims of 20 acres each that are situated on Bureau of Land Management (BLM) controlled land. The claims are owned 100% without encumbrance by Walker Lane, and the company is required to pay annual claim rentals for all claims to the BLM in the amount of $155 per claim per year in order to maintain the mineral rights with the Federal Government. Walker Lane is also required to pay an annual fee of $10.50 per claim per year to Washoe County to maintain the mineral rights with the State of Nevada.
The Geology – An Epithermal Silver-Gold Mineral System
The Pyramid Property is classified as a distal epithermal gold-silver property associated with a porphyry copper-molybdenum intrusive system. The known mineralized veins and fracture systems are hosted in Miocene-age Hartford Hill rhyolite tuffs. Existing public domain surface sampling has indicated the presence of gold and silver in economic concentrations of 0.03 ounce per ton gold and 1.0 ounce per ton silver.
Pyramid is an intermediate sulfidation alteration system with structural control to fracture zone, breccia, and quartz vein mineralization that is hosted in the Hartford Hill rhyolite. The Hartford Hill is subdivided into three cooling units of rhyolite ash flow tuff with most of the mineralization hosted in the upper cooling unit that has been intruded by altered dacite dikes. Most of the associated alteration consists of proximal quartz-illite-kaolinite (phyllic alteration) with more distal chlorite-calcite (propylitic alteration).
Alteration and mineralization is exposed at the surface along 4,700 feet of strike length with parallel zones of several feet to over 20 feet of oxidized fracture, vein, and breccia mineralization.
The Geochemistry – Moderate to High Grade Silver and Gold Anomalies
Limited surface rock sampling of oxidized alteration and mineralization has defined moderate to high grade silver and gold anomalies associated with the northwest structural zone that has been mapped crossing the Pyramid claimblock. Of the 11 rock samples collected over the claimblock, six are considered highly anomalous in silver and gold with silver grades in excess of 1.8 opt Ag and gold grades in excess of 0.03 opt Au. The highest grade sample runs 22.9 opt Ag and 0.17 opt Au. The samples are also anomalous in lead (0.01-5.0%), zinc (<0.01-7.0%), copper (<0.01-0.2%), and arsenic (<0.01-0.4%) which is considered typical for an intermediate sulfidation system.
Proposed Exploration Program
The Pyramid Property is without known reserves and the proposed program is exploratory in nature. It is proposed to conduct surface rock and soil sampling to confirm and extend known surface geochemical gold-silver anomalies and to map all significant and related alteration and mineralization features associated with the gold-silver anomalies. A reverse circulation drill program will then be designed, and permitted and bonded with the BLM to carry out drilling activities with the express purpose of discovering mineral resources and reserves.