Barrian Mining Corp., a Vancouver, Canada-based gold exploration company has signed a letter of intent to acquire the Troy Canyon gold-silver project in Nye County from Brocade Metals, a private mineral exploration company.
Barrian will acquire a 100 percent interest in the Troy project, according to the news release. It will pay $25,000 and 625,000 common shares upon signing of the option agreement, and $25,000 and 625,000 common shares on the first anniversary of the option agreement.
Maximilian Sali, CEO, and founder of Barrian, declined to answer questions from the Pahrump Valley Times saying that once the company signs the definitive agreement for the property, he will answer the questions, but for now, the company could cancel the deal during the review.
Barrian is focused on acquiring and advancing precious metal projects in the United States. In June, the company secured a drill rig and contract with Fallon-based Harris Exploration Drilling for its reverse circulation (RC) drilling program at the Bolo Gold project, which is 56 miles northeast of Tonopah.
“Historical sampling at Troy has returned some very high-grade gold and silver values,” Sali said in a news release.
“The project will be the subject of new exploration methods to expand existing and discover new zones of mineralization,” he said.
The Troy Canyon project is located approximately 43 miles east of Barrian’s flagship Bolo Project near Tonopah.
“The acquisition of the early-stage Troy Canyon project will provide synergies with our nearby, flagship Bolo Project,” Sali said.
The Troy Canyon silver-gold project is in the Grant Range in eastern Nye County. It comprises 19 contiguous mineral claims.
The area of the historical Locke Mine in Troy Canyon is known to host mesothermal gold and silver mineralization with economically significant mineral concentrations, according to the news release.
At a glance
Barrian Mining Corp. is a new gold exploration company focused on acquiring and advancing precious metal projects in the United States. Barrian’s flagship Bolo Project, about 56 miles northeast of Tonopah, Nevada, hosts Carlin-type gold mineralization and is fully funded and permitted.
In addition, Barrian has an earn-in option to acquire 100% of the “Sleeper Project” which is in the historic Mogollon epithermal silver-gold mining district of New Mexico.