Camnor tests for gold in Nevada

Drilling by Camnor Resources (CMB-V) will test three gold properties in Nevada.

Work is already under way at the Alum and Raven properties. Alum is situated 60 km west of Tonopah, within the Walker Lane belt, whereas Raven is 50 km north of Austin, between the Walker Lane and Battle Mountain trends.

Camnor says both properties demonstrate hydrothermal alteration and trace element geochemistry “consistent with the upper portion of a large hot-spring, epithermal system being partially exposed.”

Blackstone Resources (BZZ-A) can earn a half interest in Alum and Raven by spending US$450,000 on exploration, making payments of US$100,000, and issuing 100,000 shares.

The Argentite property covers a volcanic-hosted, epithermal system within a caldera-related structure. It is situated in the Walker Lane belt, 80 km southwest of Tonopah. Twin Star Minerals (TWN-V) can earn a 49% interest in Argentite by spending $1 million on exploration and property payments.