Historic 30g AU p/t16 Apr 2021 08:20
Property Overview: Ely Gold’s Olympic Gold Mine project is located approximately 30 kilometers south of Gabbs in
the Cedar Mountains, Mineral County, Nevada. The project consists of 41 unpatented lode claims (~910 acres) located
on BLM land with no underlying royalties. The Olympic Mine project encompasses a large volcanic-hosted epithermal
precious-metal (Au-Ag) system that includes both high-grade quartz-adularia veins and disseminated/stockwork-type
mineralization. Historic (1917-1942) production from the shallow underground Olympic mine totals approximately
40,000 ounces gold, from 45,000 tonnes of ore averaging 30.0 g/t gold and 30.0 g/t silver.
The Olympic mine project is favorably located in the central part of the Walker
Lane Mineral Trend of western Nevada. The property displays similar geologic
characteristics of many other major volcanic-hosted gold deposits in the Walker
Lane belt (Paradise Peak-1.45M ozs Au, Rawhide-3.0M ozs Au, Tonopah-1.8M
ozs Au)