Firestone Ventures of Edmonton just announced that it has signed a formal Purchase Agreement with Kinross Gold Corp of Toronto to earn a 100% interest in the 502-ha Black Mountain (also known as “Windermere Hills”) zinc-lead-silver property located 29 km northeast of Wells, Nevada.
Black Mountain is a north-trending anticline bounded by normal faults on the east and west. Zinc-lead-silver mineralization at Black Mountain is hosted in Mississipian to Devonian carbonate rocks exposed along the crest of Black Mountain.
Firestone collected a total of 17 rock chip samples from the historical workings during a due diligence field visit. Six contiguous 2 m rock chip samples cut along the rib of one of the underground tunnels contained 5.2% zinc and 1% lead across a width of 12 m. A dump grab sample from the same tunnel contained 17.8% zinc and 1.6% lead. Samples from shallow pits on the property contained up to 9.8% zinc. The highest silver value from rock samples was 7.5 grams/tonne.
Kinross Gold originally examined and staked (60 lode mineral claims) the Black Mountain property for its gold during 2008 and 2009. The main area of interest extends from 2.4 km by 4.8 km and covers the crest of Black Mountain. Gold results were low, but high-grade zinc and lead mineralization was noted and sampled.
There are historical pits, trenches and two short tunnels on the property, but record of mineral production.