Property Developmental History
The Moonlight Deposit benefits from over U.S. $6 million of exploration in the 1960’s, including extensive developmental drilling. (This figure that would be several multiples higher if the drilling were performed in present day dollars). The comprehensive drill-delineated modeling of the deposit was undertaken by Placer Developments Ltd. (Now Barrick Gold), one of the world’s largest, most experienced and most technically adept mining companies.
It involves close to 100,000 feet of drilling, spanning no less than 199 holes at the Moonlight Deposit and a similar amount of drilling on other deposits in the district such as the Engel Mine and Superior Mine.. Further development of the deposit was curtailed by a decades-long slump in copper prices (one that has finally seen a dramatic reversal). Nonetheless, Placer deemed the Moonlight Deposit to be of sufficient merit for it to be placed on a “care and maintenance” program within its project inventory for approximately 30 years.
However, Placer chose to divest itself of all of its non-gold assets in 1993 in order to focus exclusively on being a global gold producer. Only then was the project finally relinquished.
The Moonlight Deposit and the surrounding geologically-fertile land package were acquired by Sheffield in 2004 in order to capitalize on a revitalized bull market for copper prices.
Furthermore, the advent of an across-the-board bull market for metal prices has similarly bolstered the case for developing the copper, gold and silver mineralization that co-exist on the Moonlight Deposit and elsewhere on the property.
GOLDEN LOON PROPERTY 
