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Waseco Resources Plans New Drill Program at Battle Mountain, Nevada
Toronto, Ontario (May 12th, 2014) Waseco Resources Inc. (“WRI”) is pleased to report that it intends to follow up on the excellent results of its 2012 drill program and the acquisition of the balance of the lease to the Battle Mountain Ridge gold project in Lander County, Nevada. The Waseco Board has approved a drill program designed to expand several of the known gold zones previously identified on the property and evaluate new targets.
Subject to financing, the proposed drilling program is to consist of 6 to10 reverse circulation (“RC”) holes, totaling up to 1,800m. A power point presentation showing this information will be available on the Waseco website (www.wasecoresources.com )
The initial focus will be on the North Zone where, in a core drilling program completed by Waseco, Hole
12#5 intersected 25.4 g/t Au (0.9oz/t) over 3.7m (12feet) in the interval 150-153.7m down hole (450-
465feet) on a splay fault of the dominant stibnite fault. This interval included intersections of:
47.6 g/t Au (1.68 oz/t) over 0.9m (3 feet) and
61g/t Au (2.15 oz/t) over 0.6m (2 feet).
This hole is exceptional in that it has intersected the highest grade gold mineralization reported from any known exploration program completed on the property to date. This high grade zone remains open laterally and to depth. Three to four RC holes are planned for this area.
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