Consolidated Goldfields is a junior gold-silver company directed by a management team that is experienced in all aspects of mining including exploration, development and operations for both major and other junior mining companies. The Company’s assets consists of eight precious metals projects situated in Nevada, the entire data set for the Muskox Intrusion (valued at over $3M), and a 15.2% stock ownership in Teras Resources (TRA: TSX-V). Nevada is the 4th largest gold producer in the world behind South Africa (1), Australia (2) and China (3). Nevada mines produced 5,338,559 ounces of gold in 2010 at a value of $6.54 billion.
Fisher Canyon Gold Project, located in Pershing County, Nevada, is the new flagship property and the main focus of the Company. Fisher Canyon is characterized by limestone and dolomite that contain lenses of altered volcaniclastic sediments and flows exhibiting extensive hydrothermal alteration associated with oxidized shear zones and brecciated quartz veins hosting wide spread gold mineralization. The company conducted an aggressive exploration program in the second quarter of 2012 including geological mapping, geochemical sampling and detailed geophysics to target drill holes for continued exploration both in the areas where historic data exists and throughout the new pediment target. The company commenced its drill program at Fisher Canyon November 5th 2012 which will involve 5,000 feet of reverse circulation drilling and last a few weeks.
- Located in the Antelope Springs mining district
- More than 5 million ounces gold and 130 million ounces silver produced in the region
- Recent surface geochemical samples returned 0.014 to 1.15 ounces per ton gold
- Best drill intercepts include 105’ @ 0.021, 15’ @ 0.138 and 55’ @ 0.039 ounces per ton gold