In this edition of the Ellis Martin Report, Ellis talks with Maimilian Sali, CEO of Barrian Mining, a new junior exploration company focused on acquiring proven gold assets in the United States. Mr. Sali discusses both the Carlin Trend type Bolo Project in Nevada and the Sleeper Project in New Mexico.
Barrian Mining Corp recently announces that they’d completed their initial public offering (“IPO”) of 13,362,000 common shares at a price of $0.20 per Share for aggregate gross proceeds of $2,672,400. The shares were listed on April 24, 2019 on the TSX Venture Exchange and commenced trading on the Exchange on Monday, April 29, 2019 under the trading symbol “BARI”.
More about Barrian’s flagship Bolo Project
Bolo is in the middle of Nevada, which puts it just south of the famous Carlin Trend. The trend has the highest concentration of Carlin-type deposits but this kind of mineralization exists across Nevada – if you know what to look for.
- Northerly-trending structures
- Altered carbonate rocks with jasperoids, sanded textures, barite, decalcification, silicification, and brecciation
- Associated antimony, arsenic, barium, and >
- Low base metal concentrations
Bolo has all of these factors. The property has the right rocks and those rocks are cut by two parallel north-trending fault structures. The main Mine Fault has been tracked for 2,750 metres with sample results as high as 8.6 g/t gold. The parallel East Fault is almost as long as 2,200 metres and has generated samples as high as 4.7 g/t gold, despite having seen much less work.
Find out more about Barrian Mining on their website https://barrianmining.com/