$ELYGF The Green Springs property consists of 218
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Posted On: 07/26/2019 9:13:45 AM
$ELYGF The Green Springs property consists of 218 unpatented mining claims owned by Ely Gold and 2 leased unpatented mining claims. The Purchase Option includes an assignment of the leased claims. The Green Springs property hosts a past-producing heap-leach gold mine that produced 72,000 ounces of gold from a series of shallow pits, less than 100 meters deep, at an average grade of 2.32 g/t Au in the late 1980's for US Minerals Exploration. The property hosts a widespread and shallow Carlin-type gold system, hosted within Mississippian rocks of the Chainman and Joanna limestone formations, associated with de-carbonatization, silicification, jasperoid development, and typical pathfinder elements including Arsenic, Antimony, Mercury, and Thallium. Green Springs is an early stage exploration property and does not contain any mineral resource estimates as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"
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https://www.marketwatch.com/press-release/ely...quote_news
. https://www.marketwatch.com/press-release/ely...quote_news
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