Peg Leg Polymetallic Project - Nevada, USA

The company has staked 4 mining claims 11km north of Tonopah in the San Antone Mineral Field. Historical workings comprise shallow shafts, trenches and bulldozer scrapes exploring contact metasomatic (skarn) deposits associated with the Frazier's Well granodiorite.

Peg Leg was originally prospected for tungsten which occurs in grey marble. The Company's reconnaissance sampling has confirmed the tungsten content in one skarn layer within the limestone where sampling across 11m width in an old shallow trench returned 11m at 0.22% tungsten.

Of greater interest, however, is an outcrop of mineralisation exposed adjacent to the granite contact which assayed 59 grammes/tonne (g/t) silver 1.4% copper, 2.4% lead and 1.8% zinc. The thickness of this outcropping mineralisation is not known as it is largely obscured by scree and old mine waste. The waste pile from a nearby shallow mine shaft contains material assaying up to 181 g/t silver, 3.9% copper, 10.1% lead and 1.2% zinc.

The Company has completed four exploration trenches along a granite/limestone contact zone targeting skarn-style mineralisation over a strike length of approximately 230m. The objective of the trenching was to test the thickness of the outcropping mineralisation which is largely obscured by scree and old mine waste.

The trenches explored zones of oxidised skarn mineralisation adjacent to the granite contact and a drone magnetic survey has identified additional as-yet untested skarn targets beyond the area so far investigated.