Carlin Gold Corporation reported that it has acquired a copper-gold property in northeastern Nevada USA through purchase of a 100% interest of a core claim group from a private party and additional claim staking by Carlin. The property consists of 49 unpatented mining claims (the IVY Property). The purchase price is USD 25,000 and a 1% net smelter production royalty on gold and silver and 0.75% on all other metals, to the seller.

IVY Property Description. The IVY Property is located within the Contact Mining District in northeastern Elko County, Nevada, 20 miles (32 kilometers) southwest of the town of Jackpot and 5 miles (8 kilometers) southwest of the small community of Contact. The claims are within 1 mile of State Highway 93, on land administered by the Bureau of Land Management (BLM).

The elevated copper grades (+1% copper) and the finely disseminated nature of the chalcopyrite/bornite mineralization contained within a large well-defined area of skarn alteration are very encouraging. A variety of intrusive rocks have been identified in addition to the granodiorite, including quartz monzonite (termed leucogranite in old reports), andesite porphyry (reported to locally contain secondary biotite), syenite and quartz porphyry. A 1912 United States Geological Survey Bulletin describes a 400 ft.

(122 m.) wide sulfide zone extending for about 6,000 ft. (1,830 m.), lying about 1,200 ft (366 m.) outboard (west) and parallel to the igneous contact, located within the current IVY Property. It is described as following the strike of the steeply dipping sedimentary rock package.

This report states that "Chalcopyrite, bornite and molybdenite are disseminated throughout silicified skarn consisting of garnet, epidote, diopside and iron oxides." Carlin's initial investigation supports the USGS description of this feature. The only documented previous " modern" (post 1975) exploration in the IVY claim area is limited to a trenching permit in which the work may have taken place in early-mid 1990s. Public BLM records show that there has been no exploration drilling since records started to be maintained in the mid - 1970s.

The initial Carlin field investigation did not encounter any obvious previous drilling activity. Carlin is planning to follow up on this initial due diligence work with additional surface sampling and geological mapping to evaluate and delineate future exploration work. The Contact Mining District was established in 1870 as a gold camp, but since 1876 the main commodity has been copper.

A copper deposit occurs near Contact, 4.5 miles (7.2 km) northeast of the IVY claims, where prior exploration has delineated a reported historical resource estimate of 831 million pound measured/indicated resource grading 0.20% Cu, amenable to heap leach SX/EW extraction. Most of this resource is hosted in sheeted quartz vein zones within the granodiorite.