FFGO - Descriptions
“Bouse”
The Bouse Gold property includes 360 acres of mining claims (18 lode claims) in the Plomosa Mining District, two miles west of the town of Bouse, in La Paz County, Arizona. The land is administered by the US Bureau of Land Management (BLM). It is a former Homestake Gold (Barrick) project which includes the historic Little Butte, Flat Fault and Arrastre Mines. There are numerous shafts, pits and dumps on the property. Reportedly, a majority of the Plomosa Mining District’s historic gold production came from the Company’s Little Butte Mine. At Bouse, a Mid-Tertiary system of epithermal mineralization was introduced into a stacked sequence of lithotectonic units that are located on the northern side of the Plomosa Detachment Fault. Complex epithermal gold, barite and fluorite mineralization is superimposed on earlier copper-specularite mineralization. Gold occurs in laterally extensive breccias and in steeply dipping amethystine-quartz veins.
Past drilling by Tenneco, US Borax and Homestake at Bouse found significant gold bearing intervals in both the breccias and high angle structures. Bouse Gold has copies of drill results for 50+ boreholes. Gold values were found at the Little Butte Mine and at the Arrastre Mine. Most significantly, gold was found in several drill-holes along a 2,500+ foot northwesterly trend from the four large tanks on the property northwest to the Flat Fault Mine. This area roughly coincides with the site of a previous 19 hole shallow drill campaign in the early 1980’s which reportedly outlined 5,000,000 tons of material ranging from .05 ounces to .3 ounces gold per ton. The Company’s plans had included the compilation of all existing exploration materials on the property, followed by additional geological work viewed as necessary or desirable to identify targets for renewed drilling at the property.
“South Copperstone”
The South Copperstone Gold Project is situated on 480 acres of mining claims (24 lode claims) located in the Moon Mountains Mining District, La Paz County, Arizona, about midway between the towns of Parker and Quartzsite. The land is administered by the US Department of Land Management (BLM). The Company’s claim block is immediately south of the Copperstone Mine, which it adjoins. Copperstone was the biggest Arizona gold discovery in more than 50 years. The Company acquired South Copperstone because of the potential for additional Copperstone ore bodies. The known Copperstone deposit (not owned by the Company) had a 500,000 ton open pit resource of .1 ounce per ton gold that was mined by Cyprus Gold in the 1980’s. A reported underground gold resource at Copperstone is presently being explored by another mining company. This neighboring project has a completed positive feasibility study, and production may begin as early as 2010.
The western portion of the Company’s South Copperstone claim block has exposed gold – bearing bedrock consisting of banded quartz latite flows intruded by granite. This unit crops out intermittently for over a mile all the way from a small hill adjoining Drill Hole No. 1 at the northern end of the property to the southern boundary of the Company’s mining claims.
Initial drilling by Callahan Mining at South Copperstone (including Drill Hole No. 1) found anomalous gold hosted by quartz and altered quartz latite. However, Callahan’s drilling was not deep enough to penetrate the mineralized breccia unit that hosts the gold resource at the Copperstone Mine to the north. Induced polarization (IP) geophysical work by Callahan found anomalous chargeability values in the southern portion of the Company’s claim block and on trend with the historic Valenzuela mine, which is located immediately west of the Company’s claims. The Company had intended to follow up with a full IP grid in order to locate additional drill targets.
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