Overview
The Leeville royalty property is located on Nevada’s prolific Northern Carlin Trend, and covers portions of Nevada Gold Mines’ Leeville, Turf, and other underground gold mining operations.
In recent years, Newmont has delineated a trend of sediment-hosted gold mineralization that extends southeast from the Leeville mining complex and across Elemental’s royalty property.
This gold trend includes the Rita K and Full House exploration projects which are partially covered by the royalty. Mineralization remains open along the known structural and stratigraphic controls according to Nevada Gold Mines.
From this exploration, Nevada Gold Mines released the Rita-K maiden resource and reserves in 2021 and developed a new portal to access Rita-K. This recent exploration success underscores the prospectivity of the Leeville property.
Cornerstone assets
