tronics Subsidiary Whitney & Whitney Seeks JV Participant to Advance Auric Fulstone Polymetallic Gold Prospect
GlobeNewswire•August 13, 2019
RENO, Nev., Aug. 13, 2019 (GLOBE NEWSWIRE) -- Itronics Inc. (ITRO), an “Innovative Zero Waste” technology company that produces GOLD’n GRO fertilizers, and silver products, today reported that its subsidiary, Whitney & Whitney, is seeking proposals from parties interested in participating in the Auric Gold and Minerals, Inc. Fulstone Exploration Program.
Auric Gold and Minerals, Inc. has identified a tertiary epithermal gold system at its Fulstone property in the Yerington Copper District in Nevada. The system was identified by field observation and work including fault mapping, geochemistry and geophysics. Grid type soil sampling has provided strong anomalous gold values over a strongly jointed and strongly dis-colored leach cap area. One sample returned a gold value of .4 oz per ton. This area has been named the Golden Valley. The current known extent of the indicated gold anomaly is 4000 feet by 1000 feet but may be extended with additional sampling. IP/Resistivity Geophysics indicate potential mineralized depth of up to 2000 feet.
The Golden Valley Prospect and its associated mineralized zones is a viable target for drilling to measure the scope and content of mineralization in the underlying rocks. There are currently no exploration holes drilled at Fulstone and no NI 43-101 Reserves or Resources. There is high probability that drilling will measure out a large tonnage of rock containing gold, silver, zinc and copper at this location.
Auric’s vision is to develop Fulstone as a Green Mining Initiative. Green Mining is achieved by doing the least amount of harm while recovering the highest level of metals and minerals from the rock mined. Fulstone polymetallic gold mineralization potentially presents the opportunity to produce four separate mineral products with a single operation.
“Potentially the quantities of Fulstone gold, silver, zinc and copper could represent the amount of metals that would be recovered from four separate mines.” said John Key, President and COO of Auric Gold. “If this proves to be the case, the surface environmental impact would be 75 percent less than that of four separate mines. This would be a big win for the environment.”
Auric Gold and Minerals is a privately-owned company. Whitney & Whitney, Inc., a wholly owned subsidiary of Itronics Inc., owns 70% of Auric Gold and Minerals.
Interested parties are encouraged to contact Auric Gold and Minerals for further information:
Auric Gold and Minerals, Inc.
John L. Key
President and COO
jkey@itronics.com
775-689-7669
