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Table of Contents |
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Visit this page to learn about the Callaghan Property. Use the quick links to jump to each section: |
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Location
Overview
History |
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| Location |
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The Callaghan property is strategically located in north central Nevada, The third largest gold producing region in the world. Callaghan is approximately 16 miles northeast of the town of Austin and 150 miles west of Reno, Nevada. Numerous gold deposits occur within a 50 mile radius of the property including the Pipeline, Cove/McCoy, Gold Bar, Ruby Hill, Northumberland, and Quito deposits.
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| Overview |
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The Callaghan Property is held 100% by J-Pacific Gold Inc. under a renewable lease option agreement. The property consists of 52 unpatented mining claims totaling 1040 acres.
Callaghan, as well as all of the surrounding gold occurrences, lies along the projected western margin of the Paleozoic continent which may have provided deep-seated zones of structural weakness. The Roberts Mountains Thrust passes east-northeast across the claim block. Along this structure basinal sediments (referred to as Upper Plate rocks and which are unfavorable for gold mineralization) were thrust over carbonate sediments (referred to as Lower Plate rocks and which are highly favorable for gold mineralization). The single-most productive host rock for gold deposits in Nevada is the Roberts Mountains Formation, and it lies under fairly shallow gravel cover in the eastern portion of the property. The Goodwin Limestone and Ninemile Formation are also productive host rocks for gold deposits in Nevada, and these rocks crop out in places and are under shallow gravel cover in other places on the property.
Uneconomic gold mineralization lies just west of the property in unfavorable Upper Plate rocks, with other minor gold showings scattered across the property. Mercury and other pathfinder metals occur in the Lower Plate rocks, with scattered gold values up to 0.5 grams per tonne. These occurrences may represent leakage from high-grade gold deposits hosted by favorable Lower Plate rocks. The most likely location for such a deposit is an area under gravel cover where the Roberts Mountains Formation dips eastward into a major structural intersection. At this structural intersection a N70E fault containing very high concentrations of pathfinder elements intersects a major northwest-trending fault, also containing high concentrations of pathfinder elements. These geologic and geochemical parameters combine to provide a setting which is highly permissive for the occurrence of high grade, structurally controlled replacement gold deposits. This will be the initial focus of the company's drilling.
Favorable Lower Plate rocks are variably altered and geochemically anomalous in other portions of the property, but these areas have not been sufficiently evaluated at this time to determine if a drill target exists there. Back to top |
| History |
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The earliest known work on the property is a 60' deep shaft at the Rast Mine. This work was done in the 1930's on cinnabar occurring in Lower Plate rocks. A minor placer gold occurrence 1/2-mile southeast of the Rast mine was also prospected in the 1930's. From 1969 to 1998 a series of exploration programs were carried out on and around the property by junior and senior companies. These included Cache Creek Exploration Company, Hanna Mining, Dome Mines, Houston Oil and Minerals, Kerr McGee, FMC Gold Company Placer Dome and Kennecott. Work completed during this period of time includes Trenching, shallow reverse circulation rotary (RCR) drilling, Soil and bio-geochemistry, airborne magnetics and limited deep RCR outside the current property limits.
A large area, which included the current land holding, was located by Joseph A. Kizis of Reno, Nevada in 1993 and 1994. The land holding was reduced to 10 claims in 1999. The property was acquired by J-Pacific Gold Inc. in 2002 under a lease/option agreement with Mr. Kizis. The company has located an additional 42 claims to bring the land package to 52 claims (1,040 acres).
These 52 claims are subject to a 3% net smelter return (NSR) royalty, of which 2% is purchasable. Under the option agreement, J-Pacific Gold pays the annual Bureau of Land Management and county fees, and makes annual advanced royalty payments to Mr. Kizis. |
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Nevada Property Location Maps
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