Geology and Geochemistry of the Yarnell Gold Deposit

The Yarnell gold deposit is located 1.5 km (1 mile) south of Yarnell in the Weaver mining district of Yavapai County, AZ (Fig. 1). Elevations within the area of the deposit range from 1400 to 1560 m (4590 to 5120 ft). Historic production, principally from quartz veins localized along the Yarnell fault, was about 200 kt (220,000 st) at an average grade of 6.9 to 10.3 g/t (0.2 to 0.3 oz/st) gold. The federal government closed the mine in 1942 due to World War II. Norgold Resources Inc. leased the property in 1988 and joint ventured it with Asarco the same year. Asarco drilled 7822 m (25,660 ft) in 96 reverse circulation and four diamond drill holes and identified 8 t (260,000 oz) gold reserve. IBema Gold Inc. acquired Norgold in 1991 and is currently permitting the project. Production is expected to begin within the next two years