Luna Gold Corp. - Stone Cabin Property

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Stone Cabin Property

Lander County, Nevada

The Stone Cabin property is located 36 miles south of Battle Mountain along the east flank of the Shoshone Range, Lander County, Nevada. The bedrock geology on the property is comprised by upper plate siliciclastic rocks of the Valmy Sequence overlain by clastic-carbonate rocks of the Antler Assemblage. Tertiary volcanic rocks and clastic sediments unconformably overlie the pre-Tertiary rocks and infill a regional-scale, east-west-trending, volcano-tectonic trough that bounds the older siliciclastic rocks to the north.

Hydrothermal alteration and mineralization is comprised of silicification, quartz veining, argillic clay formation containing introduced pyrite, barite, and gold (with As, Sb, Hg). Alteration is intensely developed in both pre-Tertiary and Tertiary rocks and is localized along several distinct fault sets, of which the most prominent trend is NNE. Quaternary alluvial deposits cover a portion of the property and much of surrounding area, although rock sampling to date has defined a large (600 x >1,000 foot) zone of anomalous metals occurring at the intersection of several fault sets and the south margin east-trending volcano-tectonic graben.

In 1995, total of 4 shallow reverse circulation holes were drilled by Cameco US along a NNE-trending fault zone with encouraging results. Every hole intersected hydrothermal alteration containing moderate to highly anomalous amounts of As, Sb, Hg, and locally Au. One hole, LSC 95-4, intersected 10 feet @ 543 ppb Au (including 5' @ 946 ppb Au) and second zone of 50 feet @ 156 ppb Au within the Tertiary volcanic section. This hole was stopped short of the primary target depth and did not test the mineralized pre-Tertiary-Tertiary unconformity zone.

The Stone Cabin property is less than 20 miles south of the world-class Cortez district containing >20 M oz Au past production and current reserves. Several untested targets types are envisioned to exist on the property and include:

Pre-Tertiary-Tertiary unconformity surface within the volcano-tectonic trough.
Replacement-type gold mineralization hosted by the Antler Overlap Assemblage.
Structurally controlled high-grade gold mineralization localized along fault-fracture breccia zones developed in brittle pre-Tertiary (and Tertiary) rocks.
Bulk minable mineralization within the Tertiary volcanic-clastic section filling the tectonic trough.
Sedimentary rock-hosted mineralization hosted by the receptive carbonate-clastic rocks that comprise the lower plate of the Roberts Mountains Thrust.

Maps and Photos

Stone Canyon comp map