The Detroit Project, in the Detroit Mining District of Utah, USA has hosted several producing copper-gold mines. Historic mining in Detroit Mining district dates back to 1870s, and the region has reportedly produced 120,000oz Au.
The project contains a portion of the historical Basin Porphyry, covering porphyry copper/molybdenum mineralisation, as well as sediment and breccia-hosted gold mineralisation.
Alderan has the option to earn up to a 70% interest in the project through an agreement with Tamra Mining LLC.
Major US gold producers have previously attempted to secure key blocks in this area after discovery of the Long Canyon Gold Mine (2.2Moz gold) in NE Nevada in 2012. Alderan’s agreement with Tamra represents the first consolidation of ground in 20+ years and the first chance to use modern exploration techniques.
The project has geological similarities to Cove Gold Mine, Nevada (+3Moz), and it has potential to host core of gold mineralisation and porphyry copper system.
Alderan’s initial focus at the Detroit project will be the Mizpah target.