News UpdatePIEDMONT MINING (OTCBB: PIED) "Up 24.14% in morning trading"
Detailed Quote: https://www.otcpicks.com/quotes/PIED.php
Piedmont is an exploration-stage company, exploring for gold and silver in Nevada. It has now entered into agreements with experienced exploration groups on 7 properties in Nevada.
PIED News:
July 24 - Piedmont Mining Company Exploration Update
Piedmont Mining Company, Inc. (OTCBB:PIED) today announced that a gravity geophysical survey was recently completed at the new PPM Gold property in Humboldt County, just north of Winnemucca, Nevada. The results are being studied. Magnetic geophysical and mercury gas surveys are now being planned to complement the previous gold-in-sage anomalies as a guide to selecting drill hole sites. Drilling is expected to begin later this year. This property is controlled by Miranda Gold Corp. (TSX-V:MAD) and consists of 116 unpatented claims on the west flank of the Hot Springs Range and about 12 miles west of the Turquoise Ridge, Getchell and Pinson gold deposits. The target lies under a pediment, adjacent to an old mercury producing district and near the edge of a buried intrusive.
At the Dutch Flat gold property, permitting has been completed for road building and a second phase of drilling that is expected to commence this fall. We anticipate a program of 6,000 feet of reverse circulation drilling to extend the line of holes drilled last year. Some deeper holes are also planned to test down-dip extensions of the quartz vein swarms and a possible new skarn target. This property is controlled by Columbus Gold Corp. (TSX-V:CGT). Our drilling program will be supervised by Cordex Exploration Co., under its exclusive relationship with Columbus Gold Corp. to perform its Nevada exploration work.
At the Antelope Ridge property, a program of about 3,500 feet of reverse circulation drilling is planned to commence this summer to test for mineralization under the old workings and under silver-bearing jasperoid on the property. Rock chip samples of this jasperoid have averaged 6 ounces of silver per ton. Biogeochemical sagebrush anomalies in an area with no old workings or outcropping jasperoid will also be drill tested.