If Nevada were a country, it would be the fourth largest gold producer in the world. Nevada produces about 80 percent of the gold mined in the U.S. Total gold production from Nevada in 2009 was 5.64M ozs.
At least five well defined and highly productive gold belts trend across portions of Nevada. The northwest-trending Walker Lane extends along the southwest border of the state and contains mostly epithermal volcanic-hosted gold (and silver) systems (e.g., Virginia City, Tonopah, Goldfields districts). The north-central part of Nevada contains four dominantly sediment-hosted gold belts. The Battle Mountain-Eureka /Cortez belt (e.g., Phoenix, Pipeline, Cortez Hills deposits) and the Carlin belt (e.g., Carlin, Meikle, Gold Quarry deposits) both trend northwest. The Getchell belt (e.g., Getchell, Turquoise Ridge, Twin Creeks deposits) trends northeast. The Independence belt (e.g., Big Springs, Jerritt Canyon deposits) trends north-south.
Continuing New Gold Discoveries
Even though Nevada has been the focus of 150 years of exploration for precious metals, major new gold discoveries are being, and will be, made both within and outside the major gold trends. As examples, South Carlin is a new discovery in the Carlin Trend two miles south of the town of Carlin. Importantly, a new sediment-hosted gold district was discovered in the 1990's in the Pequop Range 60 miles east of Elko. The Pequop District is currently under intense exploration with an expanding total resource base of 2.1M ounces of gold. The Pequop District may anchor a new gold belt in northeastern Nevada. Spring Valley, also outside the four major gold trends, is a recent gold-porphyry-diatreme discovery made by Midway Gold Corporation about 100 miles southwest of Elko and near the town of Lovelock. It contains an expanding inferred resource of 1.6M ounces gold.
Why Nevada for Miranda Gold?
Miranda Gold's technical staff is experienced and successful at discovering gold ore deposits in Nevada.
The relatively mature status of gold exploration in Nevada results in excellent public and private databases of geological, geochemical, geophysical, and drill hole exploration information. Along with these data is an understanding of ore settings and controls that allows effective application of exploration data and technologies to identify new high-potential gold targets.
Nevada's four major gold trends continue to produce new discoveries. Major gold discoveries are also being made outside these recognized gold belts. In Nevada, "gold is where you find it."
The infrastructure of Nevada is experienced at supporting exploration and mining. Mining laws and tax structure are stable. The permitting process is well established. Transportation and power networks are in place. Some major mill facilities will toll-process ore, potentially reducing development capital investment. Heavy equipment and mining supply manufacturers focus on servicing Nevada. A labor force is skilled at operating open pit and underground mines. Reliable and capable service companies are eager to support Miranda Gold's staff in their exploration efforts.