The Tram prospect is located at the very western end of the Yucca Mountains, about 15 miles north of Atna's Reward Project and 6 miles east of the town of Beatty in southern Nye County, Nevada. Tram consists of 22 lode claims that cover an area of intense advanced argillic alteration, silicification and disseminated limonite after pyrite hosted in andesitic to dacitic volcanic rocks of Miocene Age. The setting is similar to the area surrounding the Bullfrog mine approximately 8 miles to the west. The Bullfrog mine was an open-pit operated gold deposit that produced two million ounces of gold prior to its closing in the early 1990s.
Two wide-spaced reconnaissance reverse circulation drill holes on the Tram prospect in the mid-1980s intersected several 10-foot to 30-foot zones of 0.01 to 0.02 opt gold. The area is thought to be floored by a major north dipping detachment-style low-angle fault that served as the primary control for gold bearing hydrothermal fluids at Bullfrog. The detachment fault has been mapped from Bullfrog to 4 miles south of Tram where it also hosts gold mineralization mined in two small open pits in the 1980s. Production from these pits was about 130,000 ounces of gold.
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