The Longstreet property, owned by Great Basin Resources Inc., is located 275 kilometers north northwest of Las Vegas in Nye County, Nevada. Access is via 50 kilometers of paved and 45 kilometers of gravel roads from Tonopah, Nevada, the closest town. The property consists of 142 claims, covering 2,840 acres. It is approximately 60 kilometers south of the Round Mountain Mine, a 9 million ounce gold mine. The project is optioned to Star Gold Corporation.
The Longstreet Project hosts economic gold and silver mineralization within seven mineralized targets. These targets contain alteration features such as large quartz/calcite veins, sheeted veins in brittle tuffaceous units, and silicifified porous tuffaceous units, all containing high gold/silver values. Several rounds of drilling, managed by Great Basin’s Richard Kern, has defined a 200,000 ounce gold equivalent resource at one of the seven targets. Star Gold is currently conducting mine planning and permitting. Star plans to put this resource into production before exploring the other six targets.
The mineralization at Longstreet is very similar to Round Mountain, with identical host rocks, sheeted vein zones and great leaching characteristics. There is strong potential to discover a +1 million ounce gold resource at Longstreet.