Cracker Creek Project

OREGON, USA

About the Project

Lode Metals has compiled an impressive land package in the Cracker Creek area in Baker County, Oregon. The current and expanding land package includes five (5) of the largest historic underground mines in the district: North Pole, Excelsior, Eureka, and Columbia.

With this district-scale consolidation comes extensive legacy data files in an archive package that is delivering insights and exploration targets. Exploration upside includes: 1) updating the current identified resources; 2) down dip and along strike extensions; 3) parallel and adjacent veins; and 4) additional district consolidation of historic mines in the region.

Highlights

Includes 5 of the most productive Mines in the district

Total property position of ~3,285 acres, dominated by patented, private lands

The Cracker Creek Vein strikes over 5 km from SW to NE on Lode Metal’s property position

Road & infrastructure access

  • 56 km (35 miles) from Baker City
  • 31 km (19 miles) from Baker City Airport

About the Cracker Creek Project

Historic mined 525K oz Au at 24.5 g/t*

Lode Metal’s Cracker Creek flagship property is located in northeastern Oregon.

Property consolidates 5 historic mines and 5 km of strike.

Historic Resource 400K oz Au at 9.8 g/t*

Proven & Probable:

95k oz Au; 10.2 g/t Au

Inferred:

302k oz Au; 9.7 g/t Au

Drill ready under-explored targets

+2M oz Au exploration potential.

Orogenic gold system, open at depth and along strike.

Last deep exploration hole in 1939.

* Click here to view learn more about the Historic Mineral Reserve

The Gold Fields of Eastern Oregon

Northeast Oregon historically produced +1.7M oz. of lode gold to WWII.

Orogenic gold system, example Mother Lode District, Ca known for long strike lengths and up to 2.5 km in depth.

Cracker Creek consolidated mines: +525K oz. Au mined.*

The property consolidates the largest historic mines in the district:

  • North Pole
  • Excelsior
  • Eureka
  • Taber Fraction (Taber)
  • Columbia

* Click here to view learn more about the Historic Mineral Reserve

Historic Timline and Gold Price

Significant Historic Drill Results*

Drill Results: 1980-1991

Click here for expanded table of results

* Click here to view learn more about the Historic Mineral Reserve

Highlight Historical Results*

Several historical reserves and resources have been estimated for the Cracker Creek vein from 1981 to 1999

Arrowhead Resources LLC

Historical Reserve Estimates (1999)

  • THIS is a historical mineral resource or reserve only.
  • NOT intended to represent as a current mineral resource or reserve.
  • THIS IS INTENDED to demonstrate an exploration starting point.

Arrowhead cut off grade of 6.5 g/t Au.

“The possible (Inferred) reserve tonnage of 967,100 tonnes, averaging 9.7 gms Au, is an attempt to point out the potential for this area, but even this
is conservative.”

P. 22 Arrowhead, 1999

*Mineable (P&P) “Reserves have been adjusted for 25% dilution and 90% mineability.”

P. 5 Arrowhead, 1999

* Click here to view learn more about the Historic Mineral Reserve

Extensive Legacy Data Package

/ 3.9GB files in a PDF archive

underground and surface core holes (9.45km / 31k ft)

Hundreds

of underground channel samples

Level plans

and long sections documenting over 15 adit miles of workings

Cracker Creek Project Upside

+2M oz gold upside potential

No modern, post-1991, exploration on the Property

Historic drilling and sampling identified additional mineralization*

Upside will come from:

  1. Growth through exploration of 5 target types
  2. Infill drilling of Historic Resource Inferred blocks
  3. Exploring down dip & on strike
  4. Evaluating structural splays and subparallel veins
  5. Potential for further district consolidation of historic mines

Cracker Creek Grade Upside Potential

Examples of historic mined and recently sampled grade on the Cracker Lode:

Historic Mined 525,000 ounces gold at 24.5 g/t

Historic Direct Ship to Smelter Ore Mine Records: North Pole 829 g/t Au; Columbia 353 g/t Au; Eureka 191 g/t Au

Columbia mined ore shoots, 3 documented and averaged 26 g/t, 17 g/t and 21 g/t Au

McKinstry 1939 DDH#003, 0.37 m of 16.63 g/t Au

Historic underground channel samples returned up to 173 g/t Au

687 ug samples: 167 samples >10 g/t Au; 85 >17 g/t Au; and 32 >34 g/t Au (range 0 g/t to 173 g/t Au)

2022 Dump Sampling returned up to 268 g/t Au

Long Section Historic Resource & +2M oz Exploration Potential

For informational purposes only, the historic resource has not been reviewed by a Qualified Person.

* Click here to view learn more about the Historic Mineral Reserve

Permitting

Patented Land

  • Simplifies overall permitting process
  • Minimal federal permitting requirements

Zoned by Baker County as “Mineral Extraction”

  • Planners anticipate eventual land use

Permit to drill approved

  • by Dogami September 2021

Permitting to production

  • Several active, small mines in the area
  • Grassy Mountain permit progress

Team

Learn More

Investors

Invest Now

News

View Latest