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TSX.V:SHJ
S H O S H O N I G O L D LTD.
E x p l o r i n g f o r G o l d o n t h e E u r e k a G o l d Tr e n d , N e v a d a
D r i l l i n g a t Z P G P r o p e r t y, w i t h N e w m o n t ’ s P h o e n i x M i n e s e e n i n t h e b a c k g r o u n d .
Shoshoni Gold Ltd. is an exploration-stage company engaged in the
exploration of gold mineral resources. The Company’s properties include
the ZPG Property in Nevada and the Kirkland Creek Property in the Yukon.
Shoshoni Gold recently entered into an option agreement with WPC
Resources Inc. to earn a 60% interest in the ZPG Property in Nevada. The
project is located in Lander County near existing infrastructure and in the
heart of the Eureka Gold Trend. The ZPG Property is approximately 30
kilometers southwest of the community of Battle Mountain, near two major
mines. ZPG is a drill ready project and it is the Company’s goal to conduct
a drill program on the project once project financing has been completed.
ZPG
Project
ZPG Property Highlights
•
Favorably located in the heart of the Eureka Gold Trend, the ZPG Property is located within a belt of Porphyry systems
hosting major mines such as Newmont’s Phoenix/Fortitude to the northeast and new high grade discoveries by Premier
Gold at the Cove/McCoy mines to the southwest.
•
The ZPG Property lies on the pediment between two strongly mineralized areas. There is potential for the project to host
Porphyry copper-gold mineralization.
•
Previous drilling on the ZPG Property and general area has indicated the presence of mineralized material characteristic of
geology typically found on the periphery of Porphyry deposits, starting at depth of approx. 200 meters. The ZPG target zone,
a large coincident magnetic and I.P. anomaly, has not been tested.
•
Two other magnetic anomalies in the immediate vicinity are associated with Newmont’s Phoenix Mine, a major gold/
copper mine.
•
The ZPG Property has existing infrastructure and is located approximately 30 kilometers southwest of the community of
Battle Mountain, Nevada.
•
The ZPG Property is a drill-ready target, with exploration drilling to commence once project financing has been completed.
www.shoshonigold.com
S H O SHO NI G O L D LTD.
Nevada is one of the world’s most favorable
jurisdictions for mine development, being host to
numerous “elephant” gold mines and deposits.
The ZPG Property is located near existing
infrastructure and is on trend with major producing
and past producing mines in the heart of the Battle
Mountain/Eureka Gold Trend, which is one of the
most prolific gold districts in the world.
Shoshoni Gold Ltd. has entered into an option
agreement with WPC Resources Inc. to earn a 60%
interest in the ZPG Property, in Lander County,
Nevada, USA. The property is located approximately
30 kilometers southwest of the community of Battle
Mountain. Access is via Interstate 80 to Battle
Mountain and then via secondary Highway 305 to
the project area.
This acquisition has been particularly timely for
Shoshoni Gold as it is becoming widely recognized
that there is significant potential for the discovery
of major deposits located below pediment cover.
For this reason, exploration companies and major
producers alike are pursuing pediment exploration
properties in this region, making the availability of
highly prospective pediment properties very limited.
Mines on the Battle Mountain/Eureka Gold Trend & location of ZPG Property.
ZPG Property Overview
Copper Basin
The ZPG Property is a compelling drill-ready
target. It lies on the pediment between two strongly
mineralized areas. The Phoenix-Fortitude copper,
gold, silver and molybdenum deposits are located 1525 km to the northeast and the Cove-McCoy mines
are approximately 12 km to the south. The ZPG claim
area is wholly covered by overburden. Geophysical
drill targets have been identified within a corridor
of similar anomalies. The ZPG Property has the
potential to host vein, skarn and Porphyry styles of
mineralization, all of which are currently mined locally.
Battle Mountain, NV
Phoenix / Fortitude
ZPG CLAIMS
Cove / McCoy
It is recommended that the property be explored
for its potential to host Porphyry copper-gold
mineralization. The property is located within a
Google image showing location of ZPG claims & road access from Battle Mountain, NV.
favorable northeast oriented magnetic trend in which
five circular magnetic features are present. The
northern two magnetic anomalies relate to zoned copper/gold Porphyry systems at Newmont’s Copper Canyon and Copper Basin
deposits (the Phoenix Mine), currently producing at over 40,000 tpd and having contained in excess of 11 million ounces of gold. The
southern 3 anomalies are located southwest of the Copper Canyon deposit under pediment cover and may represent similar targets.
The ZPG Property encompasses the middle and largest of the 3 anomalies and is coincident with an IP chargeability anomaly
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E x p l o r i n g f o r G o l d o n t h e E u r e k a G o l d Tr e n d , N e v a d a
TSX.V:SHJ
centered at a depth of approximately 500 meters. Limited drilling by
previous operators tested the fringe of the magnetic anomaly in holes
designed to penetrate the pediment cover. Several of these holes
intersected Porphyry style mineralization with the best results being
0.12% copper over 70 feet and 1.05% zinc over 20 feet. None of the
holes were drilled deep enough to test the IP conductor.
Previous work on the property and general area has indicated the
potential for Porphyry style mineralization. Earlier Reverse Circulation
drilling encountered mineralized material characteristic of geology
typically found on the periphery of Porphyry deposits, starting at
a depth of approximately 200 meters. Newmont has two nearby
operating mines on similar magnetic features as that encountered on
the ZPG Property.
Ease of access to project area is demonstrated by
road vehicles directly at drill site in 2011.
Copper Basin
A major program by Premier Gold Mines, under an option agreement
with Newmont, has recently discovered new high-grade gold
mineralization below the past-production open pits of the Cove-McCoy
mines. Also, exploration is being conducted nearby by other junior
exploration companies. Positive results from previous nearby drilling,
the large size of the target anomaly and the presence of major mines in
the immediate vicinity combine to make the ZPG Property a compelling
drill-ready target.
Buckingham
A large untested IP chargeability anomaly centered at a depth of approximately 500 meters is coincident with the magnetic feature. The top of
the ZPG target is expected to be encountered between 150 and 200
meters below surface.
Fortitude Cu/Au Deposits
11 million oz Au
Kennecott IP Anomaly
Above:
Kennecott IP Anomaly
(with coincident
magnetic anomaly
overlain) located on
the ZPG Property
within a belt of
Porphyry systems.
Right:
Enlargement of IP
lines and claims
boundary.
As a first stage exploration program, drill testing of the IP target is
recommended with 3 drill holes into the northern, central and southern
portions of the target. Exploration drilling is expected to commence
without delay once project financing has been completed. In the
event that there is a sizable minable resource present, stripping of
the overburden can be achieved cost effectively by using traditional
earth moving equipment without the need for explosives. While the
target is expected to be intercepted at a depth
of approximately 200 meters, the potentially
large size of the mineralized body likely does
not represent an unrealistic stripping ratio. The
project ores could also be extracted utilizing
underground block-cave bulk mining techniques.
As a comparison, the top of the Hugo Dummett
Mine (Oyu Tolgoi project discovered by Ivanhoe
Mines) located in Mongolia between the 600 to
800 meter levels.
Positive results from previous nearby drilling on the
property, the large size of the target anomaly and the
presence of major mines in the vicinity combine to make
the ZPG Property a compelling drill-ready target.
www.s h o s h o n i g o l d . c o m
TSX.V:SHJ
S HO S HO NI G O LD LT D.
ZPG Property I.P. Sur vey Results
4500 meters
The Induced Polarized survey
undertaken by Kennecott
indicates a large I.P. anomaly
which is coincident with a
large magnetic anomaly. Two
additional magnetic anomalies
in the immediate vicinity are
associated with Newmont’s
Phoenix Mine.
Terms of ZPG Property Option
The Company has paid an option fee of $25,000 upon execution of the option agreement. To earn its 60% interest, the
Company must make a further staged cash payment to WPC Resources Inc. (“WPC”) of $50,000 and perform $500,000 of
exploration work on the ZPG Property, to include the drilling of not less than two diamond drill holes. Shoshoni Gold and
WPC will then each be required to fund its pro rata share of a further US$160,000 on exploration in order to have the right to
acquire the ZPG Property under the exclusive option held by WPC. The property will then be owned 60% by Shoshoni Gold
Ltd. and 40% by WPC. Upon completion of the acquisition, the two companies intend to move forward on a joint venture
basis to continue exploration on the property. The property is subject to an underlying 3% net Smelter Royalty, of which
one-half (1.5%) may be bought down for US$1,500,000. Shoshoni will have the option to participate in any such buy-down
on a pro-rata basis.
A NI 43-101 compliant technical report, dated April 2011, has been filed by WPC on www.sedar.com. This report predates
the work completed by WPC in November 2011.
Management & Directors
Contacts
Share Capital
Ralf Hillebrand, President & CEO
Vancouver, BC
Ralf Hillebrand
President & CEO
Shoshoni Gold Ltd.
1016 - 470 Granville Street
Vancouver, BC
V6C 1V5
TSX Venture Exchange: Mark Tommasi, CFO & Director
Vancouver, BC
Marlowe Harvey
Director
Vancouver, BC
George Frangeskides
Director
London, England
Steve Kubota
Director
Vancouver, BC
Tel & Fax: 604-682-5281
Email: [email protected]
Mark Tommasi
Chief Financial Officer
Tel: 604-682-5281
Email: [email protected]
www.shoshonigold.com
Shares Outstanding: Share Options: Fully Diluted: SHJ
32,061,504
962,000
33,023,504
Recent Trading Range: Cdn $ 0.04 - 0.05
Transfer Agent:
Auditor:
Computershare Trust
Company of Canada
Wolrige Mahon LLP
CUSIP:82535P
Report Date:
August 2014

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