Cyon Exploration (TSXV:CYON | OTC:CYNXF)
Cyon Exploration Ltd is delighted to announce its identifying a range of promising looking drilling locations at its Black Rock Canyon property. Formerly True Grit Resources Ltd., Cyon Exploration has compiled historical data for the property. It’s now taking its time to analyze it thoroughly in order to select the best sites possible for deep drilling.
Cyon Exploration is exploring Nevada, one of the richest mining districts in the world and one that realizes the highest returns. It’s got so much going for it, miners long for the opportunity to explore here. What’s great for Cyon Exploration is that its property is in such close proximity to some of the biggest names in the mining world, including Barrick (NYSE: GOLD) and Newmont Corporation (NYSE: NEW).
Game on! For reasons why you don’t want to miss out on this gold mining investment, READ OUR FREE IN-DEPTH REPORT!
Deeper drilling required
Home to some of the world’s most important gold mining districts, and one of Nevada’s most highly regarded gold mining strips, is the Cortez trend. To date, only shallow drilling has been completed on the Black Rock Canyon property, but the unique and interesting topography suggests that the Cortez gold trend dips to a deeper depth than expected. As such, the team believes drilling to over 1,100 feet is what’s required next.
Cyon’s Black Rock Canyon property is located 16km north and 22km northwest of Nevada Gold Mine’s Pipeline gold mine, and Goldrush & Fourmile gold deposits, respectively. Nevada Gold Mines is the single largest gold-producing complex in the world, so far producing over 45 million ounces. The Pipeline, Cortez and Goldrush-Fourmile deposits are portions of the 16km-wide Cortez gold trend.
2020 has been an exhilarating year for Cyon Exploration, and the excitement has barely begun. Historical drill results indicate significant gold anomalies are present at shallow depths, and indications are now persuading the team that deeper drilling may find similar geologic formations. This is what’s getting them psyched, as many geologists believe the Cortez trend is projected to contain over 50 million ounces of undiscovered gold!
You can read more of Cyon Exploration’s (TSXV:CYON | OTC:CYNXF) latest news here.
Reassuring awareness and insight
The Black Rock Canyon property comprises around 3,894 acres, 169 lode claims totaling 620 acres, and 440 acres of fee minerals lease. Collectively, this is a decent pitch with all to play for!
This review and subsequent identification of suitable mining sites includes mapping completed in the late 1990s, giving historical insight into the topography. In addition to this, the Cyon team has got their hands on commercially available aeromagnetic data flown at 200-meter line spacing over the entire property. Again, providing added insight and reassurance that they’re following the right track.
With the price of gold expected to rally again soon, this is a great time to be buying shares in a junior explorer. Particularly so, when considering major companies in the surrounding area have already made significant discoveries.
Exploration has begun! For reasons why Cyon Exploration is a promising investment READ OUR FREE IN-DEPTH REPORT!
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