The Mormon Canyon Project is located in Lemhi County, north east Idaho, USA. The Project is composed of 54 unpatented federal lode mining claims that covers approximately 4.371 km2. The prospect covers low metamorphic grade Mesoproterozoic shallow and deep-water clastic sedimentary units intruded by igneous rocks and subject to volcanic rock extrusions that may be preserved locally. Genesis of the prospects ore deposits is a series of intensely altered and mineralised shear zones hosting oxide and sulphide ore minerals. The shear zones range in size from 1.5m to over 100m in width and up to 4.3km in strike length, being recognised along 350m of exposure. The shear zones represent a hydrothermal plumbing system for the migration of ore-bearing minerals. The structural corridor shows mesothermal quartz veins, hydrothermal breccias, and schistose shear zones. Mineralisation consists of native gold, and gold-bearing copper and silver minerals. Predominate minerals in the system includes chalcopyrite, pyrite, chrysacolla, malachite, azurite, limonite, goethite, and assorted minerals containing both gold and silver.

The Mormon Canyon Project occurs in a well-endowed gold-copper region. Deposits include Perpetua Resources Corp’s Stibnite Gold Project (7.3Moz Au in Measured, Indicated and Inferred Resources with Ag and Sb credits), Jervois Mining’s Cobalt Project (0.11Moz Au in Measured, Indicated and Inferred Resources with Co and Cu credits), US Gold Corp’s Challis Gold Project (0.31 Moz Au), and Revival Gold’s Beartrack-Arnett Gold Project (5.1 Moz Au).