The New Enterprise Claim Group

Overview

The New Enterprise Project is comprised of 127 claims on a site totaling 2540 acres near Kingman, Arizona.

Location Hualapai Range SE of Kingman, AZ
Size 127 Contiguous BLM Claims/ 2540 Acres
Deposit Types Hard Rock Vein Structure
Claim Types Lode
Initial Claim Date 1900
Mine Type Underground Vein
Permitting Bulk Sampling Program permitted as of August 1 2017
Primary Metal Mined Silver, Gold
Secondary Metals Mined Copper, Lead, Zinc
Work Done to Date Dump Pile Trenching, Tunnel and Surface Sampling
Project Stage Exploration
NI 43-101 Status Technical Report Assessing Au, Cu, Porphyry Potential Completed May 2018
Metallurgy Preliminary Testing see Technical Report for results
Last Known Production 1939

Assay Data

The mineralized zones on the property and in the immediate area are consistent with a quartz vein hosted polymetallic type of deposit. The New Enterprise consists of a series of generally northwest striking and steeply east dipping structures containing quartz and minor calcite as the gangue minerals containing pyrite (FeS2), silver and probable silver sulphides such as acanthite (Ag2S), minor gold and probable electrum (a silver-gold amalgam), copper as chalcopyrite (CuFeS2) and its secondary green oxide malachite, lead as galena (PbS) and zinc as a dark grey (rather than brownish) iron-rich sphalerite (ZnS). Historical reports describe those veins (or vein zones) as from 1.2 feet (0.3 m) to 14 feet (4.3 m) wide. Other mines in the immediate area are reported to contain telluride minerals and/or molybdenite (MoS2), a molybdenum sulphide mineral.

Surface Sampling Program January 2018

Au-ICP21 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61 ME-MS61
SAMPLE Au Bi Te Ag As Sb Cu Pb Zn Mo Fe S K Mg Ti
Number ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % % % % %
X043401 0.125 0 3 3 5 1 3 99 27 6 3.1 0.8 3.6 0.80 0.23
X043402 0.128 0 2 6 47 6 11 79 135 11 6.3 0.3 1.6 0.36 0.04
X043403 0.010 1 0 0 8 3 36 65 135 7 3.5 1.6 3.4 0.77 0.38
X043404 0.024 3 6 0 50 1 21 20 62 85 12.7 0.1 0.6 0.05 0.01
X043405 0.010 3 2 1 6 0 13 13 12 10 4.1 0.1 0.7 0.07 0.02
X043406 0.046 8 6 3 4 1 30 45 27 6 5.0 0.7 2.9 0.23 0.59
X043407 0.176 18 14 47 11 7 2260 1.90% 286 35 5.9 0.3 0.0 0.01 0.01
X043408 0.198 1 3 21 1 2 40 254 54 3 1.6 0.0 0.1 0.02 0.01
X043409 1.220 320 73 181 115 4 504 2160 148 126 4.0 0.4 0.4 0.05 0.04
X043410 0.348 3 7 20 4 3 105 296 102 9 2.3 0.0 0.2 0.02 0.01
X043411 0.014 5 2 3 7 1 315 142 405 1 3.4 0.6 4.8 0.60 0.43
X043412 0.044 5 8 4 35 1 91 288 87 4 3.7 1.4 4.8 0.65 0.38
X043413 0.135 153 23 20 109 4 283 2730 115 17 7.2 2.1 1.7 0.19 0.12
X043414 3.040 310 52 161 120 10 1285 5030 690 15 9.4 0.5 0.4 0.05 0.01
X043415 9.890 596 237 645 299 21 5740 6580 2980 115 31.0 0.4 0.3 0.07 0.01
X043416 0.092 3 1 11 8 3 334 849 1410 15 1.0 0.3 1.8 0.25 0.22
X043417 0.019 3 1 3 20 1 285 204 291 10 2.6 1.2 4.8 0.52 0.33
X043418 1.030 132 47 55 963 71 1675 6710 845 68 9.6 1.1 0.5 0.08 0.02
X043419 0.304 47 12 10 140 6 541 741 761 27 3.7 0.3 0.4 0.06 0.02
X043420 0.347 15 3 22 184 4 2150 3000 2070 12 5.3 1.7 3.3 0.38 0.16
X043421 0.134 30 2 16 96 2 636 1540 1140 8 2.1 0.4 0.8 0.08 0.03
X043422 0.032 2 0 2 11 2 243 110 214 3 0.9 0.2 5.1 0.52 0.38
X043423 0.053 3 1 5 212 5 1255 429 1880 25 5.1 1.7 4.9 0.54 0.29
X043424 0.071 31 8 7 245 5 724 2220 1810 68 8.9 1.3 1.0 0.09 0.03
X043425 0.044 9 3 14 127 8 1.42% 507 3870 62 2.1 1.3 4.1 0.38 0.25
X043426 0.003 1 0 1 2 0 201 15 105 21 2.8 0.0 2.5 0.83 0.22
X043427 0.001 1 0 0 1 0 87 19 19 86 1.5 0.2 3.8 0.10 0.18
X043428 <0.001 0 0 0 1 0 43 39 37 6 1.8 0.0 5.4 0.18 0.31
X043429 0.512 0 12 17 47 4 2510 2.84% 1580 6 4.9 0.7 2.6 0.44 0.34
X043430 0.225 4 2 16 31 9 2100 1.49% 765 5 4.9 0.9 0.8 0.12 0.10
X043431 8.320 11 25 194 340 101 3050 1.06% 514 12 7.9 1.7 0.5 0.03 0.02
X043432 35.300 43 8 119 283 28 4870 5.05% 839 13 11.8 2.5 1.1 0.12 0.06
X043433 0.184 1 0 11 15 2 1.02% 2470 6720 3 5.4 0.0 5.8 0.97 0.67
X043434 0.043 0 0 2 12 2 4830 1.11% 4690 1 11.8 0.3 4.3 0.55 0.23
X043435 0.067 0 0 2 11 1 951 988 4420 2 5.3 0.0 5.5 1.02 0.52
X043436 1.625 2 4 16 32 5 235 3850 232 7 2.3 0.4 0.4 0.05 0.02
X043437 0.314 5 2 14 12 1 33 530 70 9 2.6 0.7 4.4 0.69 0.41
X043438 0.373 3 3 8 10 1 67 677 228 11 2.1 0.4 4.2 0.68 0.38
X043439 0.293 5 3 7 42 2 694 1030 868 26 3.3 0.1 0.8 0.15 0.06
X043440 0.055 4 4 11 61 2 220 478 270 29 5.0 1.1 4.7 0.34 0.14
X043441 0.026 0 1 18 4 1 110 68 214 2 1.2 0.0 0.1 0.02 0.01
X043442 0.018 0 0 3 53 2 847 269 2010 2 5.1 0.3 5.3 0.74 0.40
X043443 0.090 6 4 14 30 1 544 742 575 4 3.9 0.5 4.6 0.68 0.35
X043444 0.073 6 10 12 30 3 808 2440 248 22 4.2 1.4 3.9 0.38 0.25
X043445 0.183 4 7 44 10 3 1370 3030 120 15 3.3 0.4 0.4 0.03 0.02
X043446 0.327 20 10 43 235 13 7140 3.38% 543 9 4.3 0.7 0.1 0.01 <0.005
X043447 0.477 47 11 79 250 21 1.31% 9.20% 404 7 5.8 1.4 0.1 0.01 <0.005
X043448 0.966 7 6 38 20 5 118 989 19 4 1.2 0.1 0.2 0.03 0.01
X043449 0.198 99 21 58 78 29 158 1655 79 18 2.1 0.4 0.3 0.04 0.20
X043450 0.595 510 63 226 489 58 810 3150 143 21 3.8 0.3 0.1 0.01 0.01
X043201 0.161 98 18 49 83 4 207 1265 102 12 1.4 0.4 4.5 0.30 0.21
X043202 0.042 2 1 4 21 2 388 422 658 2 3.5 0.3 4.9 0.25 0.25
X043203 0.002 0 0 0 4 2 28 33 5310 0 1.7 0.0 4.1 0.28 0.22
X043204 0.118 9 3 15 20 7 96 524 266 30 3.0 0.1 0.4 0.06 0.03
X043205 0.647 106 20 42 162 58 217 601 387 9 5.2 0.1 0.2 0.03 0.02
X043206 0.060 4 2 6 71 6 133 106 119 3 2.4 0.4 6.1 0.58 0.31
X043207 0.075 14 4 9 87 12 107 1350 104 4 3.3 0.7 4.4 0.69 0.28
X043208 0.003 0 0 1 6 2 1580 182 298 3 3.9 0.2 5.1 0.29 0.50
X043209 0.008 0 0 1 18 2 152 145 248 2 1.2 0.5 3.3 0.45 0.41
X043210 1.280 167 55 106 2710 47 4180 3.29% 333 58 14.1 4.6 2.5 0.09 0.06
X043211 0.041 16 11 5 526 12 890 3280 1200 7 6.9 3.0 4.8 0.40 0.27
X043212 0.027 0 1 5 29 3 1170 397 961 3 4.3 0.4 5.6 0.25 0.38
X043213 0.032 1 3 6 102 3 349 1330 203 2 3.2 0.9 5.5 0.35 0.47
X043214 0.896 153 7 80 80 5 169 591 145 7 2.4 0.5 0.5 0.06 0.02
X043215 1.160 63 7 147 49 25 455 494 431 9 1.6 0.5 0.2 0.03 0.02
X043216 0.069 3 7 5 146 17 464 441 169 11 4.9 0.3 3.1 0.42 0.24
X043217 0.530 6 2 34 24 5 146 1705 83 12 2.5 0.5 0.2 0.01 0.01
X043218 0.398 61 12 89 79 10 2260 2380 1220 3 5.9 6.4 0.3 0.03 0.01
X043219 0.028 1 0 2 46 4 184 57 353 1 2.3 1.2 5.5 0.40 0.31
X043220 0.108 3 1 4 8 3 39 748 103 10 1.2 0.6 0.3 0.04 0.01
X043221 0.107 36 5 28 281 14 2470 2000 2.71% 12 7.8 2.3 0.2 0.06 0.01
X043222 0.055 2 1 2 10 2 22 248 231 7 4.3 0.1 1.6 0.26 0.13
X043223 0.055 1 1 2 7 1 20 90 74 3 2.6 0.1 3.6 0.63 0.29
X043224 0.050 1 1 3 6 3 75 162 117 6 5.1 0.1 2.1 0.33 0.10
X043225 0.013 1 2 2 6 5 6 27 36 0 2.0 0.3 4.5 0.46 0.45
X043226 0.013 1 2 1 1 0 10 21 45 1 2.6 0.4 4.8 0.63 0.40
X043227 0.083 2 2 3 7 1 18 195 21 12 3.1 0.9 1.1 0.12 0.20
X043228 0.039 2 3 4 3 1 30 36 21 2 2.6 0.1 4.8 0.14 0.36
X043229 0.043 0 3 10 1 1 12 15 11 3 1.1 0.0 0.3 0.03 0.03
X043230 0.133 1 1 3 3 2 10 13 6 3 1.5 0.1 0.2 0.03 0.01
X043231 0.050 2 5 3 4 1 9 41 18 6 4.4 1.4 5.5 0.25 0.44
X043232 0.024 7 2 13 208 9 413 221 248 3 2.7 0.1 6.3 0.27 0.29
X043233 0.185 15 8 48 421 7 299 2020 177 4 2.2 0.3 0.2 0.01 0.01
X043234 0.035 3 12 12 392 16 702 948 352 10 3.0 0.1 0.1 0.01 <0.005
X043235 0.009 0 0 0 6 0 54 27 313 1 3.8 0.0 2.3 1.19 0.53
X043236 0.221 5 3 6 18 2 283 707 150 4 4.9 0.3 4.3 0.76 0.48
X043237 0.008 0 0 2 11 1 992 153 2510 2 6.7 0.0 3.7 0.81 0.56
X043238 0.194 6 3 12 38 1 269 656 255 6 2.5 0.9 0.5 0.08 0.03
X043239 0.117 3 2 7 36 1 308 3830 200 12 3.2 0.4 2.6 0.36 0.20
X043240 0.035 3 1 2 25 1 195 24 722 6 2.5 0.1 4.5 0.20 0.17
X043241 0.029 1 1 0 5 0 46 30 434 2 2.9 0.0 5.6 0.14 0.39
X043242 0.094 10 4 8 188 10 2850 981 4290 16 18.8 0.3 1.1 0.16 0.08
X043243 0.125 4 7 16 657 4 338 3370 325 29 4.6 1.0 1.0 0.07 0.05
X043244 2.400 510 140 357 9620 42 2860 4.21% 336 20 10.6 3.6 1.4 0.01 0.02
X043245 3.020 34 103 189 2420 313 4120 1.93% 429 18 3.7 0.6 1.4 0.23 0.11
X043246 0.071 44 25 25 2030 112 1590 757 667 10 11.8 0.4 2.6 0.37 0.23
X043247 0.186 2 3 19 758 168 173 4470 208 4 3.4 1.0 4.0 0.57 0.30
X043248 0.556 30 24 97 1315 60 3580 9850 368 10 6.3 0.4 0.4 0.07 0.03
X043249 0.062 48 33 31 114 5 96 456 45 11 3.3 0.7 2.0 0.29 0.14
X043250 0.063 12 3 33 98 5 185 571 142 11 2.7 0.1 1.2 0.21 0.11
X043251 0.016 0 0 0 7 1 42 28 147 6 3.5 0.0 3.4 1.01 0.50
X043252 0.012 1 1 1 11 1 108 56 2310 0 4.1 0.9 3.9 1.32 0.54
X043253 0.236 4 5 31 2070 199 7060 2.61% 2.84% 2 1.6 3.3 0.1 0.01 0.01
X043254 0.039 2 1 5 35 3 242 819 360 6 1.9 0.4 4.3 0.44 0.46
X043255 0.074 16 12 5 34 1 643 1675 456 10 6.6 2.0 4.5 0.40 0.39
X043256 2.450 93 65 236 1480 91 4090 1.83% 397 4 2.0 0.9 0.1 0.01 0.01

Surface Sampling Program 2016 & 2017

May 2017
Sample# Lab Cust Au
gpt
Au
opt
Ag
gpt
Ag
opt
Cu
%
Pb
%
Zn
%
System Type
ENJ- 1 BVI Barr 7.349 0.237 333 10.706 0.7 >4.00 0.0765 Porphyry
ENJ- 2 BVI Barr 8.014 0.258 293 9.42 0.733 3.77 0.105 Porphyry
ENJ- 3 BVI Barr 13.3 0.428 384 12.346 1.03 >4.00 0.0972 Porphyry
ENJ- 4 BVI Barr 2.52 0.081 202 6.495 0.422 >4.00 0.0362 Porphyry
ENJ- 5 BVI Barr 5.116 0.165 391 12.571 1.643 >4.00 0.35 Porphyry
November 2016
Sample# Lab Cust Au
gpt
Au
opt
Ag
gpt
Ag
opt
Cu
%
Pb
%
Zn
%
System Type
EN-16 BVI Barr 1.233 0.04 79.6 2.556 0.265 1.85 0.18 Porphyry
EN-17 BVI Barr 7.053 0.227 770.2 24.762 1.2 16.74 0.12 Porphyry
EN-18 BVI Barr 3.812 0.123 326.2 10.487 0.66 11.71 0.77 Porphyry
EN-19 BVI Barr 1.335 0.043 41.9 1.347 0.218 3.43 0.15 Porphyry
EN-20 BVI Barr 0.933 0.03 36 1.158 0.172 0.72 0.53 Porphyry
EN-21 BVI Barr 2.78 0.09 41.3 1.328 0.369 9.6 0.1 Porphyry
EN-22 BVI Barr 9.072 0.292 79 2.54 0.37 4.98 0.06 Porphyry
June 2016
Sample# Lab Cust Au
gpt
Au
opt
Ag
gpt
Ag
opt
Cu
%
Pb
%
Zn
%
System Type
EN-1 BVI Barr 3.119 0.101 223.9 7.199 0.78 1.05 2.32 Porphyry
EN-2 BVI Barr 0.5 0.016 90 2.894 0.33 0.52 0.76 Porphyry
EN-3 BVI Barr 0.782 0.026 404 12.989 1.35 22.5 0.26 Porphyry
EN-4 BVI Barr 0.256 0.009 34.3 1.103 0.03 0.69 0.04 Porphyry
EN-5 BVI Barr 1.069 0.035 92.5 2.974 0.85 8 10.95 Porphyry
EN-6 BVI Barr 0.433 0.014 248.9 8.002 0.14 0.19 0.055 Porphyry
EN-7 BVI Barr 0.458 0.015 99.7 3.206 1.97 0.79 1.23 Porphyry
EN-8 BVI Barr 0.314 0.01 32.1 1.032 0.26 0.13 1.65 Porphyry
EN-9 BVI Barr 0.791 0.026 65.9 2.119 0.53 3.82 2.8 Porphyry
EN-10 BVI Barr 0.217 0.007 309.2 9.941 0.25 0.4 0.24 Porphyry
EN-11 BVI Barr 0.446 0.015 71.1 2.286 0.79 3.55 0.05 Porphyry
EN-12 BVI Barr 0.748 0.024 136.4 4.386 1.31 11.03 0.07 Porphyry
May 2016
Sample# Lab Cust Au
gpt
Au
opt
Ag
gpt
Ag
opt
Cu
%
Pb
%
Zn
%
System Type
N Ent-1 BVI PSGR 0.048 0.002 3.9 0.126 1.42 0.32 0.27 Porphyry
N Ent-2 BVI PSGR 0.358 0.012 52.5 1.688 0.07 0.65 1.11 Porphyry
N Ent-3 BVI PSGR 0.079 0.003 9.9 0.319 0.05 0.11 0.06 Porphyry
N Ent-4 BVI PSGR 0.679 0.022 73 2.347 0.22 0.88 1.71 Porphyry
N Ent-5 BVI PSGR 0.401 0.013 25.6 0.823 0.03 0.025 0.04 Porphyry
N Ent-6 BVI PSGR 0.012 0.001 0.09 0.003 0.04 0.004 0.02 Porphyry
N Ent-7 BVI PSGR 0.194 0.007 32.6 1.048 0.1 0.1 0.19 Porphyry
February 2016
Sample# Lab Cust Au
gpt
Au
opt
Ag
gpt
Ag
opt
Cu
%
Pb
%
Zn
%
System Type
EN-1A BVI PSGR 1.42 0.046 148.5 4,775 0.053 0.21 0.04 Porphyry
EN-2A BVI PSGR 0.726 0.024 61.4 1.974 0.82 0.45 1.04 Porphyry
All 2016 & 2017 assays performed and certified by Bureau Veritas Inspectorate of Reno, Nevada. Assay certificates on file.


Plate 1. Typical Topography of the New Enterprise Project

Table 2 - (New Enterprise) Mine 1939 sampling

Sample# Sample Width Au, Oz/t Au, g/T Ag, Oz/t Ag, g/T Cu% Cu Lbs/t Pb % Pb Lbs/t Description
1705 15 ft (4.6 m) 0.005 0.17 0.7 24.00 -- -- -- -- Outcrop in gulch
1706 4 ft (1.3 m) 0.02 0.68 1.1 37.71 -- -- 0.2 4 Open cut 100 ft to S of shaft
1707 4 ft (1.3 m) 0.005 0.17 0.08 2.74 -- -- 0.3 6 Open cut 100 ft to S of shaft
1708 3 ft (1.0 m) 0.02 0.68 2.5 85.71 0.25 5 1.0 20 Bottom of shaft at 60 ft
1709 -- 0.02 0.68 4.3 147.43 0.20 4 2.5 50 Dump material
1710 4 ft (1.3 m) 0.005 0.17 0.2 6.86 0.20 4 -- -- Face of drift on vein in X-cut #2, Jewell tunnel
1711 3 ft (1.0 m) 0.01 0.34 0.6 20.57 -- -- -- -- Roof at end of Jewell tunnel
1712 6.5 ft (2.0 m) 0.06 2.03 4.2 144.00 3.10 62 3.0 60 Bottom 8 ft of winze in Jewell tunnel
1713 2 ft (0.7 m) 0.17 5.83 10.7 366.86 0.90 18 11.2 224 Top of hill above Jewell tunnel
1714 -- 0.08 2.74 4.0 137.14 0.85 17 -- -- Sulphide ore dump, Main Shaft
1715 -- 0.01 0.34 2.8 96.00 1.80 36 -- -- Cu stained ore, most northerly cut visited N of Main Shaft

The New Enterprise claims contain several strong NW trending veins ranging from 10 inches to 14 ft. in width.

The gangue (host) mineral is mainly white to light grey massive quartz, with minor white massive calcite.


Plate 3. Ore Material from New Enterprise Project, January 2013 ***

Table 4 - January 2013 Sampling

SAMPLE Au Au Ag Ag Cu Pb Zn Description
  g/T oz/t g/t oz/t % % %  
94 0.39 0.01 141 4.55 0.02 0.15 0.42 qtz vein with minor sphalerite-galena
95 0.81 0.03 5 0.16 0.02 0.013 0.07 black mafic intrusive
96 0.003 0.01 0.78 0.01 n/a n/a n/a Metallic bead from crushed sample 95
97 0.23 0.01 5 0.16 0.06 0.14 0.53 qtz vein with 2% pyrite, minor sphalerite-galena
98 0.92 0.03 94 3.03 4.52 0.72 0.72 high chalcopyrite/malachite content from Jewell/Enterprise Mine
99 2.64 0.08 137 4.42 1.825 0.28 4.51 black sulphide rich quartz vein
100 1.45 0.05 167 5.39 2.76 0.91 6.92 same
101 0.99 0.03 65 2.10 0.32 0.69 1.47 qtz vein with pyrite, galena, sphalerite
102 6.65 0.21 371 11.97 0.19 0.66 0.58 qtz vein material with pyrite, galena

*** Note photo of sample 99, Plate 3 above

A sample of dump material was taken from a pile estimated to contain 8,000 and 10,000 tons of material. This material came from the tunneling that was carried along a vein immediately adjacent to the dump (Plate 2 below).

The sample was taken in July 2010 by the previous owner of the project. It was delivered to an independent Arizona-certified lab (see results Table 3 below).


Plate 2. Trench sample July 2010

Table 3. 2010 Trench Sample from New Enterprise Project

Sample Auoz/t Agoz/t
Dump Trench 0.210 3.06