The Valley/Crossroads Project in Utah, USA hosted semi-continuous copper mining for more than 100 years, attracting major companies such as Anaconda Copper, Noranda, BHP and WMC to explore parts of the project. However, a fragmented tenement situation has prevented systematic exploration.
Valley/Crossroads is 260km2 of ground which hosts known porphyry copper mineralisation as well as skarn-hosted copper-gold and breccia pipes and breccia-hosted gold mineralisation. This project is adjacent to Alderan’s Frisco project and is proximal to excellent infrastructure. Historically, very little exploration work has focused on gold.
Valley/Crossroads is one of two projects in which Alderan has the option to earn up to a 70% interest through an agreement with Tamra Mining LLC.
The project hosts US$46 million in existing infrastructure including a copper flotation circuit, SX/EW circuit, laboratories and other infrastructure.
Mining Permits and water licences are in place for the project, which has multiple prospects and potential for mining scale.
Alderan plans to commence exploration at Valley/Crossroads in 2020.