U.S. miner Nevada Canyon Gold has announced it entered into an exploration lease with an option to purchase agreement on the Swales property in Elko County, in the U.S. state of Nevada.
“The Swales Property consists of 40 unpatented mining claims with a combined area of 800 acres. The Property is located within the Carlin Trend, one of the richest mining districts in the world, and home to some of the largest gold mines in the US. The property is approxi-mately 13 miles northeast of Nevada Gold Mine's Gold Quarry Mine and 16 miles east southeast of Nevada Gold Mine's Goldstrike Mine, all of which are located along the gold rich Carlin Trend,” the company said in a statement.
Currently, there are eight producing gold mines within the Carlin trend, and these mines have to date produced more than 100 million oz of gold, and are believed to contain more than 21 million oz of gold reserves, according to data quoted by Nevada Canyon G.