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Projects
MAIN PROJECTS
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Project
The Painted Hills project is centered on a large epithermal vein/alteration system with abundant trace element mineralization and scattered low level gold values. The age of the system is similar to other productive gold systems in this region (Sleeper [approx. 2.5 Moz] and Midas [Ken Snyder mine; approx. 3Moz @ 1.1 ounces per ton Au]). The type and scale of the alteration is suggestive of high-grade vein potential deeper in the system, which is ITH's initial target for the project.
Location
The Painted Hills project is located in northwestern Nevada, 83 miles northwest of Winnemucca.
Ownership
The Painted Hills Project consists of fifty unpatented claims (1.6 square miles) staked and owned 100% by Redstar Gold Corporation. ITH can earn up to a 70% interest in this property.
Property Background
The Painted Hills project is a high-grade, epithermal gold-silver vein target located 50 kilometres northwest of the Sleeper deposit (historic production of 1.7M ounces gold). The mid-Miocene aged Painted Hills project has never been drill tested in spite of its extensive alteration system and strong geochemical anomaly.
 Conceptual cross section of the Painted Hills target model
Mineralization
The project lies along a regional northeast-trending fault (Black Rock Structural Boundary) that has localized gold mineralization at the Hog Ranch and Mountain View gold districts to the southwest, both similar in age and geologic setting to Sleeper and Midas. All these deposits are Middle Miocene (15 Ma), low-sulfidation epithermal systems containing high-grade gold mineralization within quartz-adularia veins; the host volcanic rocks are coeval with the mineralization.
Alteration and mineralization at Painted Hills are hosted in Middle Miocene volcanic rocks and are indicative of the shallow levels of an epithermal system similar to these other deposits. Shallow features include a mercury-bearing opal-chalcedony vein zone 325 feet wide and surrounding kaolinite-opal alteration. The Painted Hills veins and alteration are exposed along a range-front fault, and portions of the system may by concealed by the adjacent valley fill.
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