HOT POT NEVADA

Commodity: Au-Ag

Target Concept: Carlin style gold deposit, minable either by bulk open pit methods or underground methods, concealed beneath valley fill colluvium.

Area and Location: Figure 1

  • County: Lander County, Nevada
  • Coordinates: 487,021E, 4,529,088N UTM Zone 11 NAD83
  • Relation to Major Cities:
    • 273 km northeast of Reno, NV
    • 49 east-southeast Winnemucca, NV
    • 35 km northwest of Battle Mountain, NV

Property Size: Hot Pot is composed of 36 Claims totalling 259 hectares (640 acres). The property dimensions are approximately 1.6km by 1.6km. (Figure 2)

Ownership: The property is 100% owned and operated by Bridgeport with a 3% NSR.

Permitting: The property is located on the US’s Bureau of Land Management (BLM) ground. Permitting of the ground for drilling typically takes between two and four weeks.

Access: Access of the Hot Pot Propertyis by Interstate highway 80 andthence 8 km on un-surfaced access roads (Figure 3). An all-wheel drive vehicle is not required. Interstate Highway 80 passes within 8km of the property on the southwest side and a coal fired electric generation plant is located 4km south of the project.All basic services are available in Winnemucca and Elko. Although the project area is unpopulated, an adequate supply of experienced labour for mining operations can be drawn from the region.



Climate and Vegetation: The climate in the area is semi-arid with total annual precipitation of 20.6 cm and seasonal temperatures ranging from an average annual high of 34oC in July and an average annual low temperature of -9oC in January, as measured at meteorological station Battle Mountain 4SE Nevada 260691 located at 40° 37' N, 116° 52' W, 1,465 m ASL (Western Regional Climate Center, 2010). Vegetation in the area consists of sage and scrub. Exploration may be conducted year round.

Regional and Property Geology: The bedrock geology of the Hot Pot area is composed of three major Formations and sequences. The lower most unit, the Ordovician Valmy Formation, is uncomfortably overlain by the Pennsylvanian-Permian Antler sequence. Both of these units have been truncated by the Golconda Thrust and overlain by the Mississippian to Permian Havallah sequence rocks. The bedrock is overlain by a sequence of younger tertiary and quaternary alluvial sediments.

The Valmy Formation is important because it is part of the Robert’s Mountain allocthon which hosts the Marigold Deposit as well as the Lone Tree Complex mineralization.

Surrounding Mines: The Hot Pot property is located at the northern end of the end of the prolific Battle Mountain-Eureka trend and south of the Getchell-Turquoise Ridge Trend (Figure 4). Deposits in the Battle Mountain-Eureka trend occurring immediately south of Hot Pot include the Lone Tree Complex (+5 million ounces of gold) and the Marigold Complex (+8 million ounces gold), and deposits of the Turquoise Ridge-Getchell trend occurring immediately north of the property include the Turquoise Ridge/Getchell Deposits (+10 million ounces gold) and the Twin Creeks Mine (+16 million ounces). Mineralization in the Battle Mountain-Eureka Trend is dominated by large tonnage, low grade gold and silver mineralization extending for over 100km.

Historical Work: The Hot Pot claims are located in a pediment plain and given that there are no outcrop exposures, the property is difficult to explore. As a result, Hot Pot remained unexplored until the mid-1980’s and 1990’s. Table 1 shows the historical work completed on the Hot Pot Property prior to Bridgeport’s ownership. Bridgeport's historical records show that one hole were drilled on the southern property boundary by Sante Fe Pacific Gold in the 1980’s as part of the company’s regional Treaty Hill Project (Figure 5a and 5b; Table 2). Similarly, as part of a regional campaign, BHP completed a regional geophysical gravity survey followed up by several CSMAT geophysical lines on the property. BHP also completed a property wide soil sampling program analyzing for gold, silver and a variety of pathfinder elements. Due to the lack of outcrop exposure, Hot Pot has never been mapped but the bottom 80m of drillhole MTH-113 intersected prospective sediments of the Havallah and Valmy formations.

Table 1: Historical work comleted on the Hot Pot Property prior to Bridgeport's Ownership

Company Year Com. Work Comments
Santa Fe Pacific Gold 1980's Au-Ag Drilling 2 RC dh (518m)
BHP 1990's Au Geophysics Regional Magnetic & Gravity Surveys
Ground CSMAT Survey
Geochemistry Ground Soil Sampling Program

Bridgeport Re-interpretation: As part of Bridgeport’s exploration program, the company’s geologists have compiled and interpreted the historical information (Figure 6a, b, c, and d). In the case of the historical soil sampling survey, Bridgeport re-interpreted the results. Using the geophysical, geochemical and historical drilling information, a series of new drillholes is planned to intersect and test the covered basement rocks.

Bridgeport Strategy and Anticipated 2011 Exploration: The property is blanketed by colluvium and does not host bedrock exposures. The only direct geological information for the property comes from the drillhole reported at the southern boundary of the claim block which intersected 160m of alluvium before testing the basement rocks. The basement rocks have been interpreted to be the Pennsylvanian-Permian Havallahsiltstones, sandstones, and sediments and the Ordovician Valmyquartzite, which host the surrounding deposits. In addition, aeromagnetic, CSAMT and gravity surveys over the valley identified features consistent with a bedrock high and coincident north-south striking structural zone extending from the area of the Lone Tree mine in the south to the Getchell and Twin Creeks mines to the north.

Table 2: Drillhole logs for hole MTH-113

Drillhole From (m) To (m) Rock Type
MTH-113 0.0 45.7 Alluvium
MTH-113 45.7 115.8 Basalt
MTH-113 115.8 160.0 Sediments
MTH-113 160.0 221.0 Havalla Quartzite and Siltstone
MTH-113 221.0 240.2 Valmy Quartzite and Siltstone