Highway 50 Gold Corp.

Overview

The Gold Knob project comprises 687 unpatented claims located 80 km southwest of Winnemucca, Nevada near Kyle Hot Springs in Pershing County. These claims cover the projected southern two-thirds of the Gold Knob lower-plate window where a shallow bedrock bench extends for more than 2 km outboard from the western flank of the East Range. Given the shallow depths of alluvium covering the Hot Spring Window, the potential exists for the discovery of significant oxide gold mineralization. The Gold Knob lower-plate window hosts numerous occurrences of Carlin-type gold mineralization in both upper- and lower-plate rocks with grab assays up to 100 g/t (3 oz/ton) gold. Structurally, the window sits at the projected intersection of the Northern Nevada Rift central, the northern flank of the Caetano Trough and the southernmost projection of the Getchell Trend.

Previous drilling in the vicinity of Lyle Hot Springs established shallow bedrock and highly anomalous gold in a recent hot springs sinter deposit (0.014 oz/ton Au over 29 feet) with the highest assay being 0.082 oz/ton Au over 3 feet. Gravity and magnetic surveys have been executed over most of the property. Several interesting geophysical features resulted from this work and CSAMT surveys are recommended.

Various drill programs in the immediate vicinity of the Gold Knob showing intersected erratic gold values with the best being 17 m at 0.583 g/t Au in lower-plate marble in GK-2, a Kennecott drill hole, and 12 m of 0.725 g/t Au just under the Roberts Mountains Thrust in BV-3, a hole drilled by Nevada Gold. Large areas of prospective geology remain undrilled under shallow pediment cover outboard of the Gold Knob exposure.

Regional Geology Map