Atoka Gold Corporation North Battle Mountain Property ... · North Battle Mountain Property...

Atoka Gold Corporation


North Battle Mountain Property

Technical Review

Revised 17 August 2015

2Atoka Gold Corporation

North Battle Mountain Property

A Carlin-type gold deposit has been defined and drill ready!

The principal potential at the North Battle Mtn. project is for a

large Carlin-type gold/silver deposit hosted within carbonate

lithologies of the Antler Peak Limestone, the host rocks for the

world-class Twin Creek (Newmont) and Turquoise Ridge

(Barrick) gold deposits.

Two large gold and associated arsenic, antimony, and zinc

anomalies, 2,100 ft. (640 m) by 900 ft. (275 m) and 1,050 ft. (320

m) by 460 ft. (140 m), have been defined. Gold-in-rock values

range from 10 to a high of 407 ppb (0.40 g/T Au). A number of

gold-in-rock greater than 100 ppb Au are reported. The

mineralization appears to have been controlled, in-part, by dikes

that follow pre-existing N.20-40°E. trending structures. The

presence of overlapping high arsenic, antimony, mercury,

molybdenite, silver, lead, zinc and tungsten is very encouraging

as these elements are often above or distal to a Carlin-type gold

deposit.

The North Battle Mtn. property is underlain by an arkosic

assemblage consisting of calcareous sandstone/siltstone, shale

and chert. This sequence has been intruded by mineralized

(“quartz eye”) porphyry dacitic dikes and sills. Younger volcanic

rocks and minor sediments were deposited over these older

units. N.20-40°E-trending high-angle faults containing elevated

gold, silver, arsenic, antimony, mercury, molybdenite; tungsten

and zinc; barite-in-filings; brecciation; quartz veins; extreme

fracturing; dikes; and abundant iron oxide formation are the

controls for observed metal distribution.

Gravity geophysics has been completed over part of the claim area. Data

reveals a strong gravity high located along the eastern one-half of the sec.

22 claims. It is suggested that the gravity high may be caused by a mafic

intrusive at depth or potential metal bearing host rocks elevated to a shallow

depth. The inference of a possible mafic intrusive is extremely important as

this same situation is the model for the world-class gold deposits at Barrick’s

Pipeline and Cortez Hills mines.

As a follow-up to gravity, a three-line CSAMT geophysical survey was

completed over the gravity high. The survey identified three (3) major target

areas containing potential silicification that overlay mapped structures,

mineralized dikes and gold in-rock anomalies. In addition, a predominant

feature clearly evident in all three CSAMT sections is a surface resistivity

layer over a conductive lower layer. A possible explanation for the highly

conductive layer is carbon flooding with associated graphite or clay

alteration along a major thrust zone. Metal ponding below the conductive

layer offers an exciting gold/silver target.

Rock geochemical and gravity/CSAMT geophysical data indicate that a

significant gold/silver-bearing hydrothermal system exists in the area with

N.20-40°E structures as an important control.

Exploration Targets Include:

• Shallow open-pit gold hosted in fractured siliciclastic rocks overlying the

major thrust zone

• Fracture rocks adjacent to dikes and faults

• Bonanza gold hosted in the Antler Peak Limestone below the thrust zone.

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Atoka Gold Property Location Map


The North Battle Mountain

Property is located 14 miles

north of Battle Mountain,

Nevada and sits along the

west side of the Sheep Creek

Range.



North Battle Mountain Property – Nevada

The North Battle Mountain Property is surrounded by large proven GOLD deposits!

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North Battle Mountain Claim Outline


The project area is highlighted

in green and encompasses 43

contiguous lode claims (~860

acres, 348 hectares).


Geology – Geologic Map

Geologic map of the North Battle Mountain Property


Geology – Regional Structural Relationships

The North Battle Mtn. property is

underlain by an arkosic assemblage

consisting of calcareous and

stone/siltstone, shale and chert,

possibly equivalent to the

Mississippian-Permian-age Havallah

sequence. This sequence is intruded

by Tertiary-age (“quartz eye”) porphyry

dacitic dikes and sills.

Eocene to Pliocene felsic to mafic

volcanic rocks and minor sediments

were deposited over these older units.

High-angle faults striking E-W, N30-

60°E and N20-50°W are the key fault

sets. Elevated metal values, barite in-

fillings, brecciation, fracturing, intrusive

dikes, and abundant iron oxide

formation are associated with these.


Geology

Visible Molybdenite,

galena and sphalerite in

surface rock

Fault breccia or breccia pipe?


Geochemistry – Gold-in-Rock

Two large gold and associated trace

element anomalies; 640m long X 275m

wide and 320m long X 140m wide.

Gold-in-rock values range to 407 ppb

(0.40 g/T) with significant overlapping

values of arsenic, antimony, mercury,

molybdenite, silver, lead, zinc, and

tungsten.

Presence of high zinc, antimony and

arsenic is very encouraging as these

elements are often above or distal to

Carlin-type gold deposits.


Geochemistry – Gold-in-Rock

Gold-in-rock

and sage

geochemistry

showing target

area within the

red lines


Geochemistry –Arsenic-in-Rock

Arsenic-in-

rock and sage

geochemistry

showing target

area within the

red lines


Geophysics – Regional Gravity

The North Battle Mountain Property is located along the Northern Nevada Rift structural zone: a gold belt containing at least

8 million ounces of gold.

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Geophysics – Residual Gravity


Detailed gravity data revealed large gravity high.

CSAMT data suggest three (3) major target areas of potential silicification

that overlay both mapped alteration and gold-arsenic rock anomalies.


Geophysics - CSAMT

Si = area of extremely high resistivity (silification)

Alt? = area of high conductivity

CSAMT line 2 over Gold-in-rock geochemistry

CSAMT line 2 over Arsenic-in-rock geochemistry

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Drilling – Drill Targets


Proximal gold skarn deposit similar to

Gold Acres, Cortez and Fortitude mines.

Distal gold deposit – Carlin-type, similar to

Twin Creeks, Getchell, Pipeline, Cortez

Hill and Phoenix mines.

Three drill holes proposed (458 meters)

Proposed drill holes(P1 – P3),

CSAMT Line 2 & Line 3,

interpretation over topography.


Drilling – Drill Targets

Three proposed drill holes in yellow and the top of the highly conductive layer (orange) possibly due to

carbon flooding with associated graphite or clay alteration (thrust).

VOXLER 3D Resistivity Model and Proposed Drill Holes

(looking East-Southeast)


Regional Controlling Structures

North Battle Mountain Property (sec 22)

along the west margin of a major ring

fractureNorth Battle Mountain Property (sec 22)

showing gold zones in red and controlling

structures.


North Battle Mountain Project Summary

The North Battle Mountain Project is unique in many ways that lead the exploration team to believe a gold deposit is present. Important facts are:

Atoka’s V.P. of Exploration, Arthur Leger, has been involved with the property since discovery in 1996.

To-date over $500k+ has been expended on the property with all of the information cumulatively adding to the development of the North Battle Mountain Property and understanding the gold potential.

The project is located along the Northern Nevada Rift, a major gold belt.

Favorable geology has been discovered, including dikes suggesting an intrusive related gold system.

Moderate-grade surface gold has been sampled with associated high arsenic, antimony, silver, thallium, selenium, molybdenite, zinc and tellurium.

Geophysical data indicates a large gravity high that may represent densely altered host rocks of the Antler Formation.

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Data Available Upon Request

Geology

Geologic Map

Geochemistry

Rock Chip

Soil Survey

Biogeochemical Survey

Enzyme Leach Survey

Geophysics

Gravity Survey

Three (3) Line CSAMT Survey

Detailed Ground Magnetics

2011 43-101

Lease Terms


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Contacts


William C. Glaiser, B.Sc.

President and CEO

(250) 743-4035

[email protected]

Arthur R. Leger, B.Sc., M.Sc., Geology, CPG

V.P. of Exploration

(775) 560-2856

[email protected]

Dylan J. Breslin, B.Sc.

V.P. of Operations

(541) 480-7313

[email protected]

mailto:[email protected]



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