Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to announce the signing of a property option agreement with Iconic Minerals, granting
Gold Basin Resources a 50% interest in the New Pass gold property located in Nevada. This agreement encompasses 107 unpatented mineral claims.
Smith elaborated on the significance of the New Pass property, noting its hosting of the Carlin-type New Pass Gold-Silver deposit. The property boasts a historical Inferred Mineral Resource of 341,750 ounces of gold equivalent, with separate estimates for gold and silver. Notably, 75% of the deposit is oxidized, making it amenable to heap leaching, as demonstrated by previous metallurgical testwork. With mineralization open in all directions, there is substantial po...