Terraco Gold Corp. (TSX.V TEN) is an aggressive junior exploration company focused on advanced and early stage gold-silver projects in Idaho and Nevada. Our growth strategy is supported by a strong management team with significant experience in the mining sector.
The 100% owned Almaden (Nutmeg Mountain) Project is located 126 kilometres northwest of Boise, Idaho in Washington County and has excellent access and infrastructure The project hosts a National Instrument 43-101 compliant measured plus indicated and inferred resource of 948,000 ounces of gold within 90 m of surface. Almaden (Nutmeg Mountain) is a shallow, epithermal, hot springs related system. Gold mineralization there occurs in near surface, flat-lying, tabular bodies. As with other such systems, there is the potential for discovery of high grade, bonanza style, structurally controlled "feeder veins" at depth. Similar systems include . . .
the Ken Snyder "Midas Mine" (Newmont) and the Hollister Mine (Great Basin Gold) located in northeast Nevada.
Terraco has royalty coverage on claims covering the Spring Valley Gold Project ("Spring Valley"), located in Pershing County, Nevada. Spring Valley is a joint venture between Barrick Gold Corp. ("Barrick") and Midway Gold Corp., where Barrick has the right to earn 60% interest in the project by completing work expenditures totalling US $30 million before December 31, 2013. Terraco's net smelter returns ("NSR") royalty coverage includes the option to acquire a 2.5% NSR royalty on claims covering the majority of the Spring Valley deposit and an additional direct ownership up to an additional 1% NSR royalty covering the remaining portion of the Spring Valley deposit.
Terraco also controls over 13 sqkm's (35sqmi) in its 100%-owned Moonlight Project which is located along trend and adjoins the north side of Spring Valley.
The 100% owned Moonlight Project is located 200 kilometres northeast of Reno, Nevada and approximately 8 kilometres north of the Coeur d'Alene Rochester silver-gold mine. The Rochester Mine has produced over 125 million ounces of silver and 1.2 million ounces of gold in its 25 year history and has recently returned to production