MINING – Exploration Company Eyes 8.5-Kilometer Gold-Silver Strike Near Tuscarora
📌 THE GIST: Gold Runner Exploration Inc. made an option payment for its Falcon Project in Elko County’s Tuscarora district today, issuing 40,000 shares to the Falcon Mine Group. Early sampling suggests a potential mineralized strike extending up to 8.5 kilometers.
🔍 THE DETAILS:
- Option Payment: 40,000 shares issued to Falcon Mine Group on January 16, 2026
- Cash Deadline Extended: Cash payment deadline moved to April 30, 2026
- Project Size: 124 claims covering 883 hectares (approximately 2,183 acres)
- Early Results: Sampling at Falcon and Rock Creek properties revealed high-grade silver and anomalous gold values
- Next Steps: Extensive mapping, additional sampling, and initial drilling program planned
CONTEXT: The Falcon Project sits in Nevada’s prolific Tuscarora mining district, surrounded by significant gold deposits including Midas, Goldstrike, and Jerritt Canyon. Gold Runner Exploration is a Canadian company focused on gold and silver projects in the region. Option agreements like this are common in mining exploration—they allow companies to evaluate a property before committing to full acquisition. The extended cash payment deadline suggests ongoing due diligence.
🔗 SOURCE: Gold Runner Exploration Press Release | TipRanks Financial News
THE SPARK: Elko County’s mining heritage runs deep. Is this project the real deal, or another exploration company kicking tires? If you’ve worked the Tuscarora district or know the geology, we’d love your take → fb.com/groups/640606729076974