Lantern Project, Lamberson Mine, Kennedy Mining District, Pershing County, Nevada, USAi

Regional Level Types
Lantern Project	Project
Lamberson Mine	Prospect
Kennedy Mining District	Mining District
Pershing County	County
Nevada	State
USA	Country

Commodity: Ore Materials: electrum, silver selenide minerals, aguilarite, naummanite.

Deposit: There are at least four high angle gold-bearing epithermal veins known on the property; these veins trend north-northwest in the direction of the nearby Rosebud and Hycroft mines. Epithermal veins present on the surface of the property have returned grab samples in excess of 0.5 opt gold. Although there has been virtually no targeted drilling for the feeder veins within the resource, one drill intercept did return better than 0.5 opt gold equivalent over 10 feet. Several other intercepts are noted in excess of 0.25 opt gold equivalent. Mineralization is present as electrum and in the silver selenide minerals augilarite and naummanite.

Deposit type: Epithermal vein, Comstock

Development: Quincy Resources Inc. acquired the 2,500-acre Lantern property under a lease agreement with Newmont Mining Corp. and Platoro West Inc. Phase I exploration is anticipated to include approximately 10,000 feet of reverse circulation drilling. Previous exploration on the property has identified a 300,000 oz gold-equivalent shallow open-pit resource. Limited deep drilling has been conducted to date despite the fact that at least four high angle gold-bearing epithermal veins are known on the property; these veins trend north-northwest in the direction of the nearby Rosebud and Hycroft mines. The world-class Comstock district and Sleeper Mines are also located along the same trend. Epithermal veins present on the surface of the property have returned grab samples in excess of 0.5 opt gold. Although there has been virtually no targeted drilling for the feeder veins within the resource, one drill intercept did return better than 0.5 opt gold equivalent over 10 feet. Several other intercepts are noted in excess of 0.25 opt gold equivalent. Mineralization is present as electrum and in the silver selenide minerals augilarite and naummanite. These ore minerals are significant in that they are the primary ore minerals at Comstock, National, Midas and Delamar Idaho . Zonge Geoscience Inc. of Sparks , NV recently completed gradient array and IP surveys over a limited grid covering gold mineralized boulders of epithermal vein material exposed on the surface. As a result of these surveys, Quincy intends a limited drill program in early 2006 to test for mineralized feeder structures beneath the boulders exposed on the surface.

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Link to USGS MRDS:	10310577

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