Of the 9 holes, 3 could not reach the target depth due to poor drilling conditions, but all 9 holes encountered strong silicification, sericite alteration and micro-brecciation, which is the typical rock characterization in which mineralization is found at Gold Springs and similar to that seen within the South Jumbo resource.
Drilling is focused on extending the South Jumbo resource to the south, east and north, at depth, and filling the gap zone .
Holes are designed to test the southern extension of that resource, the depth extension, the northern extension, and the possible existence of a parallel zone to the east which was encountered in hole E-16-001 bottoming in 15.2 metres @ 0.67 g/t Au .
Holes E-21-004, E-21-005 and E-21-007 were all positioned to test the gap zone that exists in previous GRC drilling on the South Jumbo resource.
Holes E-21-006, E-21-008, E-21-009 and E-21-010 were all designed to extend the resource to the south, across the 200-metre-wide zone.
is focused on the exploration and expansion of the gold and silver resources of its PEA-stage Gold Springs project located on the border of Nevada and Utah, USA.
Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters, including water requirements for operations, as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company’s Annual Information Form and continuous disclosure documents, which are available on SEDAR at www.sedar.com.
Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.