In the mining industry, most value for shareholders is added by new discovery in the process of exploration, prior to pre-development. The company’s preferred targets are high grade gold-silver deposits that would eventually be mined by underground methods.
To maximize chances of exploration success, acquisition of whole districts with multiple targets is preferred. Within those districts, high quality geological mapping, rock and soil sampling as well as evaluation of work by previous explorers define drilling targets. Careful selection of these for testing is the key to success.
Gold Summit explores in two very favorable gold geological environments in the United States. The company’s main emphasis is Nevada, the third largest gold producing area in the world. It is a mining friendly state with a manageable regulatory framework, excellent infrastructure and year round access. Gold Summit’s geologists have worked there for the past 25 years.
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