Indian Creek is located in the heart of the highly productive Battle Mountain-Eureka Trend, approximately 5 miles north of the Pipeline open pit gold mine operated by the Cortez Joint Venture of Barrick/Kennecott.
In 1988, Newmont Exploration Limited carried out a reverse circulation drill program in the area with one hole on the Property returning values of 17.7 g/t gold and 130 g/t silver over 1.52 m at a depth of 169 m, close to the NNW trending Gold Quartz Fault which crosses the property. Highly anomalous arsenic and antimony values occur with these precious metal values.
Greencastle owns a 100% interest in Indian Creek. The vendor retains a 3% net smelter return royalty, with Greencastle having the right to purchase up to one third (1%) of the royalty for US$1 million.
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