Conclusion

The Molly Marie Prospect is a once-in-a-lifetime discovery.  Likewise, an opportunity to share in developing a property of this quality will never come again.

The following has been demonstrated  within:

  • There is a  large  IOCG deposit located on the Molly Marie Prospect.
  • Because it has been proven within that the district was mined by the Spanish and later the Mexicans, the IOCG deposit is automatically exceptionally gold rich.  The Spanish would have been interested in nothing else.  This type of deposit is exceedingly rare, and is highly sought by even the largest gold mining companies.

To an interested company, the potential of the Molly Marie Prospect can be easily verified by geophysical surveys by drone and  a moderate amount of surface chip sampling.  Even with a small quantity of surface samples of leached rock, four .02 opt Au assays have been gained by the author/owner.

The location of the filled-in pits can also be easily verified by seismic surveys, and possibly with the new passive survey system that uses no cables and requires no hammering.

It is foreseen that the Prospect will be mined by shallow underground means, less than 500 feet below the surface at first. Like Goldfield, the best bonanza supergene gold ore at the Prospect is within 100 feet of the surface, and some has been removed as indicated by seismic survey.  However, much supergene ore may remain under basalt and at the bottom of filled-in pits where it was missed by Spanish and Mexican miners.  At the Mormon Stope, high Au grade continued to a depth of 400 feet, and the same would be expected at the Prospect, but in magnitudes-greater volume.

The expected bonanza grade and high-grade ore could be shipped off-site initially, or possibly during the entire life-cycle of the gold ore.  High-grade  ore would make this possible.  Development waste would be used for backfill, so there would be no permanent waste dumps.

Two high voltage power lines already cross the Prospect (which may have helped the IOCG deposits avoid discovery), and it is about 600 yards from the west side of the property to a State Highway.

http://mollymarieprospect.com/sitephotoslater/power.JPG
Power Lines Crossing the Property

Considering the geology and history of the property together, the potential for the submarine caldera of the Molly Marie Prospect to contain  a multi-million gold deposit cannot be over-emphasized.  In exploration terms, the Molly Marie Prospect and the surrounding area could be the next “Big One”.

There is a great amount of information about the property that has not been included within;  please contact me for further details.

Sincerely,

Dan Welch

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