https://www.explorationinsights.com/pebble.asp?relid=1571

An excerpt:

"... Junior companies active within the prolific Carlin and Cortez trends are few and far between. On the Carlin trend Evolving Gold is testing deep targets south of the town of Carlin. On the Cortez trend, Miranda Gold, Coral Gold and US Gold are the most active junior companies.



Both the Carlin and Cortez trends are mature exploration belts, and most new exploration targets are blind from the surface and usually quite deep. Nearly all of the exploration therefore relies on pushing the limits of our geochemical and geophysical tools into conceptually interesting targets. The costs associated with this style of exploration, essentially using a drill bit to collect basic rock data, can rapidly outstrip a junior company’s ability to finance the work required for discovery. That funding hurdle and the associated exploration risk is being dealt with in one of two ways.



Evolving Gold (EVG.TSX-V), who has intercepted gold mineralization associated with a deep and strong Carlin-type system, has met this funding hurdle via a recent $15.6 million placement from Goldcorp. The advantage of bringing a major mining company into the mix is the depth of experience they provide and the possibility of a buyout should the exploration prove successful. The disadvantage, of course, is shareholder dilution as the data collection process (drilling) advances...."