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 The Great Basin Center for Geothermal Energy at the University of Nevada, Reno considers Pumpernickel to be one of the top 4 undeveloped geothermal prospects in Nevada. This prospect is located approximately 20 miles east of Winnemuca, and approximately 200 miles northeast of Reno, Nevada. Sierra, under an option agreement, is earning a 50% interest in the Pumpernickel Project from Nevada Geothermal Power Inc.
Nevada Geothermal has conducted geologic, geophysical and geochemical exploration on the property. Phase II permitting is in progress for three shallow gradient holes to locate the first production assessment well. Based upon the data from the hotspring area only, the potential resource is estimated at 16 MW of production for 20 years (90% probability) and a 50% probability of exceeding 40 MW for 20 years (GeothermEx June, 2006). A 16 MW power plant supplies enough electricity for 13,000 homes.
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