Lantern Project

The Lantern Project is a silver and gold mine located in Pershing county, Nevada.

About the MRDS Data:

All mine locations were obtained from the USGS Mineral Resources Data System. The locations and other information in this database have not been verified for accuracy. It should be assumed that all mines are on private property.

Mine Info

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Site Name

Primary: Lantern Project

Commodity

Primary: Silver
Primary: Gold
Tertiary: Selenium

Location

State: Nevada
County: Pershing
District: Scossa District

Land Status

Land ownership: BLM Administrative Area
Note: the land ownership field only identifies whether the area the mine is in is generally on public lands like Forest Service or BLM land, or if it is in an area that is generally private property. It does not definitively identify property status, nor does it indicate claim status or whether an area is open to prospecting. Always respect private property.

Holdings

Not available

Workings

Not available

Ownership

Owner Name: Quincy Resources Inc.

Owner Name: Newmont Mining Corp.
Info Year: 2004

Production

Not available

Deposit

Record Type: Site
Operation Category: Prospect
Deposit Type: vein
Operation Type: Surface
Years of Production:
Organization:
Significant: Y
Deposit Size: S

Physiography

Not available

Mineral Deposit Model

Model Name: Epithermal vein, Comstock

Orebody

Not available

Structure

Not available

Alterations

Not available

Rocks

Name: Sedimentary Rock
Role: Host
Age Type: Host Rock
Age Young: Early Jurassic
Age Old: Late Triassic

Analytical Data

Not available

Materials

Ore: Electrum
Ore: Aguilarite
Ore: Naumannite

Comments

Comment (Deposit): There are at least four high angle gold-bearing epithermal veins known on the property; these veins trend north-northwest in the direction of the nearby Rosebud and Hycroft mines. Epithermal veins present on the surface of the property have returned grab samples in excess of 0.5 opt gold. Although there has been virtually no targeted drilling for the feeder veins within the resource, one drill intercept did return better than 0.5 opt gold equivalent over 10 feet. Several other intercepts are noted in excess of 0.25 opt gold equivalent. Mineralization is present as electrum and in the silver selenide minerals augilarite and naummanite.

Comment (Development): Quincy Resources Inc. acquired the 2,500-acre Lantern property under a lease agreement with Newmont Mining Corp. and Platoro West Inc. Phase I exploration is anticipated to include approximately 10,000 feet of reverse circulation drilling. Previous exploration on the property has identified a 300,000 oz gold-equivalent shallow open-pit resource. Limited deep drilling has been conducted to date despite the fact that at least four high angle gold-bearing epithermal veins are known on the property; these veins trend north-northwest in the direction of the nearby Rosebud and Hycroft mines. The world-class Comstock district and Sleeper Mines are also located along the same trend. Epithermal veins present on the surface of the property have returned grab samples in excess of 0.5 opt gold. Although there has been virtually no targeted drilling for the feeder veins within the resource, one drill intercept did return better than 0.5 opt gold equivalent over 10 feet. Several other intercepts are noted in excess of 0.25 opt gold equivalent. Mineralization is present as electrum and in the silver selenide minerals augilarite and naummanite. These ore minerals are significant in that they are the primary ore minerals at Comstock, National, Midas and Delamar Idaho . Zonge Geoscience Inc. of Sparks , NV recently completed gradient array and IP surveys over a limited grid covering gold mineralized boulders of epithermal vein material exposed on the surface. As a result of these surveys, Quincy intends a limited drill program in early 2006 to test for mineralized feeder structures beneath the boulders exposed on the surface.

Comment (Economic Factors): In 2004 the deposit had a reported shallow open-pit resource of 300,000 ounces of gold-equivalent.

Comment (Commodity): Ore Materials: electrum, silver selenide minerals, aguilarite, naummanite.

References

Reference (Deposit): NBMG MI-2004.

Reference (Deposit): Johnson, 1977

Reference (Deposit): Qunicy Resources, Inc., 2004a, 2004b.

Reference (Deposit): Long, K.R., DeYoung, J.H., Jr., and Ludington, S.D., 1998, Database of significant deposits of gold, silver, copper, lead, and zinc in the United States; Part A, Database description and analysis; part B, Digital database: U.S. Geological Survey Open-File Report 98-206, 33 p., one 3.5 inch diskette.

Reference (Deposit): Quincy Resources Inc. press release, 1/21/2004.

Reference (Deposit): United States Bureau of Mines, 1995, 1999a.

Reference (Deposit): Tingley, 1998.

Reference (Deposit): United States Geological Survey, 1981h

Reference (Deposit): Westcord Resources, undated.

Reference (Deposit): NBMG MI-2004.

Reference (Deposit): United States Bureau of Land Management, 1975c.

Reference (Deposit): Quincy Gold Corp. press release, 4/13/05.

Nevada Gold

Nevada has a total of 368 distinct gold districts. Of the of those, just 36 are major producers with production and/or reserves of over 1,000,000 ounces, 49 have production and/or reserves of over 100,000 ounces, with the rest having less than 100,000 ounces. Read more: Gold Districts of Nevada.