Pony Creek is located within the Pinion Range in Nevada on the southern portion of the Carlin Trend, which is well known as a prospective environment for rock-hosted gold deposits. The Pony Creek project is favourably situated near Newmont’s Rain and Emigrant mines and Gold Standard Ventures’ Railroad-Pinion project and it is approximately 25 km from Elko, Nevada.
The Pony Creek property totals 8,177 hectares that are underpinned by a Carlin-type system with historic gold resources. The property is in a target rich environment containing large areas of prospective rocks. Pony Creek has been the focus of recent exploration programs, which included diamond core drilling, rock and soil sampling, and geological mapping and surveys.
As a result of the recent exploration work, a maiden Mineral Resource Estimate for the Pony Creek deposit was announced in January 2022. The Pony Creek project has an Inferred Mineral Resource of 433,000 ounces at an average grade of 0.52 g/t gold utilizing a US$1,600/oz pit shell and cut off grades of 0.14 and 0.22 g/t gold, depending upon recovery profile.