Ghost Ranch

Ghost Ranch
Ivy Minerals Inc.
Nevada, U.S.

1.0% NSR royalty + cash payments and exploration expenditures

Ghost Ranch location map


Ivy Minerals Inc. 

Project Overview and History

Ghost Ranch is located in northeastern Nevada and is a Carlin Gold target, encompassing a shallow shelf covered by less than one hundred metres of alluvium. Prospective Cambrian and Ordovician host rocks project into the subsurface and have seen no historic drilling. This stratigraphy outcrops to the east at Morgan Pass where Carlin-type mineralization occurs at surface. At Ghost Ranch, enzyme leach soils which cover the northern half of the property display a strong correlation between inferred structures and anomalous gold and Carlin Suite elements.

Transaction Summary

On September 21, 2021, Orogen  signed an agreement with Ivy Minerals Inc. (“Ivy”), a private mineral exploration company, to option Orogen’s Ghost Ranch gold project. Ivy can earn a 51% interest in the Ghost Ranch project by spending US$1.5 million over a four-year period, including a firm commitment of 4,000 feet of drilling.  Orogen will retain a 49% interest in Ghost Ranch and reserve a 0.5% NSR royalty. Both Ivy and Orogen will then participate in a joint venture to develop Ghost Ranch. If either parties’ equity interest in Ghost Ranch falls below 10%, their interest will convert to a 1.0% NSR royalty. Orogen would then retain a total 1.5% NSR royalty in the event the Company is diluted below 10%.  

Recent Activities

In 2022, Ivy Minerals followed up geophysical and geochemical targets generated in 2021 with 1,236 metre drill program  which returned anomalous pathfinder elements and has helped define the stratigraphy in the region.

In 2023, Ivy completed an audio frequency magnetotellurics (AMT) survey on the property which identified a broad, fault bounded, fold to the east of the 2022 drilling. 

Ivy mobilized a diamond drill to the property in April 2024 for an approximately 1,200 metre drill program designed to test targets identified in the AMT survey.