Nevada Gold Corp. officials have announced the completion of a 60% expansion at the Diamond Jim mine project north of Elko, Nevada; the new stake in the Island Mining District enompasses a 53-claim total. A surface geological mapping and sampling program is complete, they added; planning for underground operations is under way.
The Diamond Jim Mine in Elko County initially consisted of 35 claims 20 miles south of Idaho’s border, 260 miles northeast of Reno. The property lies east of the northeast-trending Midas trend, one of Nevada’s key epithermal gold belts.
Midas hosts significant gold districts including the Midas-Ken Snyder mine and the Jerritt Canyon mine (having recently produced 8 million gold oz). The mines, said the company, produce mainly from epithermal systems for small but profitable high-grade operations and Carlin-type sediment-hosted deposits amenable to large-scale open-pit bulk mining.
Nevada Gold is planning an initial surface exploration while seeking a permit to reopen old mine workings to verify previous results; the company also has a gold property option in the Long Canyon Gold Trend, also in Nevada.
