Our high grade Silver, Zinc and Lead property in Nevada
Medicine Springs Project
Geology and Mineralization
Locally in northeast Nevada, all Paleozoic age rock units were deformed by several stages of compressional folding and faulting. Regional folding occurred in the late Devonian to early Mississippian. Extensional deformation in the Tertiary was responsible for igneous activity accompanied by widespread hydrothermal alteration and a wide variety of mineralized settings. The sedimentary and volcanic stratigraphy extending from the Cambrian through Triassic is locally intruded by Tertiary age stocks and dikes. The Medicine Property is underlain by a complex sequence of Permian-Triassic carbonate and calcareous clastic rock units interrupted by numerous erosional and angular disconformities. The Permian stratigraphy unconformably overlies upper Mississippian clastic rocks which overlies the Cambrian, Ordovician, Devonian and lower Mississippian stratigraphy. These Paleozoic carbonate and clastic rock units hosts a number of significant precious and basemetal deposits localized within a significant northeast trending metallogenic corridor. As illustrated on Figure 4, this corridor is developed over a strike length in excess of 500 kilometers, extending from the Eureka/Ruby Hills silver-gold-basemetals district to the Long Canyon gold deposit in the north. The important characteristics of the deposits in the northeast mineral trend include; spatial relationship with Tertiary intrusives, extensive oxidization, widespread jasperoidal and calc-silicate alteration and dominance of silver-basemetal mineralization.
As illustrated in Figure xx, the northern part of the Medicine Range is underlain by sedimentary units ranging in age from upper Pennsylvanian to Triassic with an estimated overall thickness up to ~1200 meters. The upper Pennsylvanian stratigraphy comprises three formations dominated by silty to sandy limestone, dolomite and conglomerate. The lower Permian age Gerster Formation which hosts the Medicine Springs silver-lead-zinc-barite oxide mineralization, comprise a lower calcareous siltstone and dolomitic to bioclastic limestone and an upper sandy limestone with intercalated siltstone and cherty nodules. The Thaynes Formation unconformably overlies the Gerster Formation and comprises a thin unit of Triassic age calcareous sandstone, siltstone, sandy limestone and conglomerate. The Permian-Triassic stratigraphy is overlain by Jurassic age rhyolitic pyroclastics of the Humbolt Formation. Cretaceous age granite-diorite stocks and dykes which have been observed on the Medicine property and in other locations in the Medicine Range. These intrusives have intruded and altered the older carbonate lithologies. Structurally, the Medicine Range exhibits a series of northeast imbricated fault blocks bounded by closely-spaced, west dipping high-angle faults with 20% extension.
With reference to Figure 4 and 5, the Medicine Springs silver-zinc-lead-barite oxide mineralization is localized along 2 subparallel north-northeast trending fault systems that encompass the Golden Pipe and Silver Butte prospects. The mineralization is dominated by breccias, jasperoids and zones of decalcification hosted by carbonates of the Gerster Formation. Intensive oxidization has been observed to depth of approximately 150 meters. It is postulated that oxide silver-zinc-lead-barite mineralization overlies sulfide-rich carbonate replacement mineralization which was not tested by the previous shallow drilling programs.
Alteration observed in outcrop and in drill cuttings is dominated by jasperoidal silicification and argillization observed in the calcareous clastic units. A geological analogue for Medicine Springs silver-lead-zinc mineralization hosted by Permian carbonates is documented at the Lone Mountain property located 150 kilometers to the southwest. Carbonate hosted silver-rich basemetal skarns are also observed at Bald Mt, Spruce Mtn and Eureka deposits.
Two styles of oxide mineralization are observed at the Medicine Springs Property, high grade silver-lead-zinc-barite veins and breccias controlled by steep northeast structures and shallow west dipping bedding replacement mineralization hosted by permissive Gerster Formation carbonate units. The mineralization exhibits a close spatial relationship with Tertiary dykes identified from the magnetic data. It is important to emphasize that the older stratigraphic calcareous units underlying the Gerter Fm. offer excellent potential for replacement-style silver-basemetal mineralization when adequate structural preparation exists. Historical exploration defines a silver-lead-zinc mineralized footprint that is traced along northeast trend for 3,400 meters and is up to 1,400 meters in width.
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