Historic gold property with surface-dump and underground validation targets · Burrows Park / Whitecross Mining District

The Bull Run Mine is a high-elevation historic gold property in Hinsdale County, Colorado, at approximately 11,600 feet in the San Juan Mountains near Lake City. A gated haulage adit and approximately 2,800 feet of reported mine development are present, though the modern survey team did not enter the gated adit. A third-party report describes a measured dump of approximately 108 × 134 × 30 feet and calculates approximately 37,989 tons; a separate transaction listing references 38,989 tons. Two grab samples from visibly mineralized dump material returned 0.86 and 0.989 oz/t Au (trace silver). These are selective surface samples — representative dump grade, volume, bulk density, metallurgical recovery, and underground continuity remain to be independently established. No current mineral resource or reserve has been established.
Current work priorities: independent volumetric survey of dump material via drone photogrammetry, systematic grid sampling with QA/QC, gold deportment and metallurgical testing, and portal safety and underground access assessment.
Bull Run lies in the Lake City district of the San Juan volcanic field. USGS Bulletin 478 (1911) documents a district dominated by structurally controlled fissure-vein systems developed in volcanic rocks, with recurring mineral assemblages including quartz, pyrite, galena, sphalerite, chalcopyrite, tetrahedrite, rhodochrosite, barite, telluride minerals, and locally occurring native gold. The bulletin emphasizes that ore commonly occurred in localized pay shoots — restricted portions of veins separated by lower-value or barren sections — rather than evenly throughout an entire vein. This district context explains why isolated high-grade material or historic workings do not prove continuous grade across a whole vein. Property-specific deposit model remains unconfirmed.
Two grab samples from visibly mineralized dump returned 0.86 and 0.989 oz/t Au (trace Ag). Not representative of full dump.
Source: Bull Run GRMP-43 Report
~37,989 tons (report calculation); separate listing references 38,989 tons — discrepancy unresolved
Source: GRMP report and transaction listing
USGS Bulletin 478 documents structurally controlled polymetallic veins with pay-shoot behavior in the Lake City district
Source: USGS Bulletin 478, 1911
CO101646557 / federal ID CMC290447 recorded with BLM
GRMP report treats Gnome as a separate working approximately one mile away — relationship requires reconciliation
Historical production, assay, tonnage, mineralization, appraisal, and development references are drawn from records of varying age, provenance, and technical quality. Unless explicitly identified as current independent work, they have not been verified by Sovereign Resource Holdings or a Qualified Person and should not be interpreted as a current mineral resource, mineral reserve, economic project, recoverable inventory, or property valuation.
Source discrepancies being reconciled:
Unresolved technical questions: