Kobeh consists of 33 unpatented lode mining claims in Eureka County in the northeast corner of the Kobeh Valley. Greencastle has the option to purchase the property for US$2 million or maintain a lease on the property by making annual cash payments and carrying out exploration work.. The property covers an area of shallow pediment overlying Mississippian Webb and Ordivician Vinini Formations. Some 1.5 km to the north along trend in similar rocks, gold mineralization outcrops in clay and silica matrix breccias in basal Webb Formation and associated with NNW and NE trending faults. On the Kobeh property, interpretation of airborne geophysical surveys has identified potential alteration and gold mineralization targets associated with similar fault sets and areas of low resistivity.
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