The Sugarloaf Peak property is located in the Jurassic magmatic arc complex of west-central Arizona, an extensive belt of Lower- to Middle-Jurassic metavolcanics and related plutons. Host rocks in the project area are known as the Dome Rock igneous suite, a sequence of 158-200 Ma metavolcanics, their volcaniclastic equivalents, coeval intrusions, and minor metasediments. Regional structure and tectonics include the Precambrian Goodman Fault zone, which shows a pronounced bifurcation into six strands on the project, four Mesozoic deformational events of both compressional an extensional nature, as well as Tertiary Basin- Range faulting. The project occurs in a region of large gold deposits (Mesquite, California, and Copperstone, Arizona) and a number of smaller mineral occurrences in the Dome Rock Mountains.
Located in the Central Zone of the project, gold mineralization consists of sheeted veins/veinlets and stockworks of quartz-pyrite accessory vein minerals including specularite, tourmaline, and molybdenite in quartz-sericite-pyrite and argillic-altered host rocks. Pyrite is broadly disseminated in altered wall rocks adjacent to quartz-pyrite bearing veinlets, veins, and faults or shear zones. The main gold-mineralized zones identified both in drilling and on surface occur within zones of quartz-sericite-pyrite alteration, and argillic to advanced argillic alteration on surface. Historic and modern surface rock-chip samples have outlined a gold anomaly >200 ppb Au measuring approximately 2.5 km long.
- Historic drilling has identified a tabular, flat-lying body measuring 1000m x 500m x 75m
- Mineralization starts at surface, is open in all directions, with potential for very low strip ratio