The Red Top Project consists of 148 unpatented federal lode mining claims covering 1,172 hectares, located 8.5 km from the town of Superior, Pinal County, Arizona, and is road-accessible year-round. The Red Top Project is situated 8 km northwest of the Resolution Copper Project, a joint venture project owned by Rio Tinto and BHP Billiton which is one of the world’s largest undeveloped copper projects.
The Red Top Project is prospective for bulk tonnage supergene (oxide) and hypogene (sulphide) porphyry copper and molybdenum mineralization. The property contains an abundance of (oxidized) sulphides, and together with the style, size (greater than 350m of exposed strike length) and intensity of advanced argillic hydrothermal alteration (sericite with dickite and pyrophyllite), the zoned copper-molybdenum footprint (based on rock chip samples; greater than 1.5 km in length) and presence of favorable Laramide age porphyritic intrusions suggest that the Red Top Project represents a high level intact porphyry system.
The Red Top Project has not been explored since the 1960s, and therefore no modern, systematic porphyry copper exploration has been conducted on the Project. Desert Star plans to conduct a targeted surface geological mapping program, surface alteration mapping using a Terraspec 4 High Resolution Spectrometer, and a deep penetrating induced polarization (“IP”) geophysical survey in advance of a drilling campaign at the Red Top Project
There are no assurances that the geological similarities to the Resolution copper deposit or other projects within the Superior district in Arizona will result in the establishment of any resource estimate at the Red Top project, or that the Red Top project can be advanced in a similar timeframe. The Red Top project is an early stage development project without any current resource estimates and there is no certainty that any such resource estimates will ever be established.