Carlton Precious Announces Significant Gold and Silver Assays From Dunfee Nevada Project
Carlton Precious Inc., a mineral exploration company trading on the TSX Venture Exchange under the symbol CPI and on the OTCQB as CPIFF, has released promising results from a recent rock chip sampling program conducted at its Dunfee gold and silver project in Nevada. The findings, reported in late January 2026, highlight substantial mineralization with assays reaching up to 6.7 grams per tonne (g/t) of gold and an impressive 493 g/t of silver.
Sampling Program Details and Key Results
In late 2025, Carlton Precious collected a total of 35 rock chip samples from mineralized vein structures and waste dumps across the Dunfee project. The sampling effort yielded notable results, with eight of the 35 samples returning silver grades exceeding 2 ounces per tonne, equivalent to approximately 62 g/t, indicating high-grade silver potential. Among the standout assays, sample number 1069066 reported 5.79 g/t gold and 73.6 g/t silver, while sample 1069052 showed 0.524 g/t gold and a remarkable 493 g/t silver.
The company has responded to these encouraging field observations by staking an additional 30 lode claims, effectively expanding the project's footprint from an initial 23 claims to 53 lode claims. This expansion covers approximately 430 hectares, positioning Carlton Precious for further exploration and development activities in the region.
Geological Context and Historical Significance
The Dunfee project is strategically located in Nevada, approximately 80 kilometers south of Tonopah and 73 kilometers northwest of Beatty. It lies within the prolific Walker Lane Gold trend, a well-known mineral-rich corridor in the western United States. The project is situated about 30 miles north of Anglogold's multi-million-ounce Silicon Gold project and southeast of the historical mining camp of Gold Point, adding to its geological promise.
Carlton Precious owns the Dunfee project 100% and holds it royalty-free, having previously maintained it as an investment property. The high-grade gold-silver veins at Dunfee represent the southern extension of the Gold Point District, which saw intermittent mining activity during the mid to late 1800s. Historical records indicate that approximately 74,000 ounces of gold were reportedly mined from the Gold Point district, as noted in a 2023 report by Brook.
Mineralized Structures and Sample Analysis
To date, at least five principal northwest-trending quartz veins have been identified and mapped at the Dunfee project. These mineralized structures can reach up to four meters in width and outcrop over strike lengths exceeding 1,000 meters. They consist of series of quartz veins, including 20 to 30-centimeter quartz sulfide veins embedded within sheared and altered wall-rock.
A subset of 16 samples from the program averaged 0.99 g/t gold and 31 g/t silver, demonstrating consistent mineralization. The higher-grade gold and silver assays were typically associated with base metal sulfides and/or pyrite, suggesting potential for polymetallic deposits. It is important to note that many samples were collected from waste dumps, which may not fully reflect the grade of material historically mined and processed at the nearby Gold Point facilities.
Implications for Future Exploration
These results underscore the potential of the Dunfee project as a significant gold and silver asset in Nevada's mining landscape. With the expanded claim area and high-grade samples, Carlton Precious is poised to advance its exploration efforts, potentially including drilling programs to further delineate the mineralization. The company's strategic location within a proven mining district enhances its prospects for discovering economically viable deposits.
As mineral exploration continues to gain momentum in Nevada, driven by strong commodity prices and technological advancements, projects like Dunfee are attracting increased attention from investors and industry stakeholders. Carlton Precious's latest findings contribute to the growing body of evidence supporting the region's mineral wealth and exploration potential.
