The Tonopah property consists of 513 unpatented mineral claims, totaling 10,500 acres, that are located in the Ralston Valley, on the northeast side of the San Antonio Mountains in the Walker Lane structural trend of west-central Nevada, approximately 30 kilometers northeast of the town of Tonopah and 70 kilometers south of Round Mountain.
138 of the unpatented claims are subject to a 2% Net Smelter Return Royalty (NSR). 1% of the 2% NSR may be acquired at any time for $1.0 million. This option does not expire. The remaining 375 claims are not subject to any royalty.
The Tonopah project is accessed by paved highway and is located approximate 5 kilometers from water and power distribution points, 20 minutes drive from the Town of Tonopah and is in close proximity to equipment and supply distribution centers in Las Vegas and Round Mountain.