Golden Peaks owns a 100% interest in the Golden project which is located in the province of Chubut, approximately 130 kilometers due north of Paseo del Indios in the same geologic province as the Navidad discovery. The property, which covers 2,000 hectares, lies at an altitude of approximately 1,100 meters ASL and is road accessible.
The property is situated in Jurassic volcanics on the margin of a graben developed along the NW-trending Gastre fault system. To-date, there has been very limited prospecting on the property. Outcrop is limited, however, numerous barite veins and epithermal chalcedonic quartz veins have been found. Limited, reconnaissance, ground magnetic and induced polarization surveys (400 meter spaced lines) have been completed. Prominent NW-trending and N-trending magnetic structures are associated with the quartz and barite veining, and there are local induced polarization and resistivity responses.
