Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to reveal the completion of the company’s resource expansion and delineation reverse-circulation drilling program for the second and third quarters. This program was conducted at Gold Basin Resources' wholly-owned Gold Basin oxide gold project, located in northwestern Arizona.
Smith detailed that the drilling program involved 22 holes, totaling 3,640 meters, which were completed at the Stealth Deposit and Gap Zones. The results have showcased significant broad oxide gold intercepts, suggesting that the mineralization is ongoing and remains open at greater depths. This promising data indicates that further drilling is needed to expand the mineralized zones.
To date, the oxide gold intercepts reported are notable for their shallow depth and wide intervals, with an average vertical depth of approximately 49 meters from the surface to the top of the mineralized zones and an average drill interval thickness of about 91 meters. Gold Basin Resources anticipates a steady flow of updates over the next four to six weeks, with the forthcoming results expected to be released this week.
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