Neighborhood NewsSo Barrick announced their quarter tonight and released some good news about our neighborhood. Although at the other end of the Goldrush find, an area called Fourmile has been upgraded from a "target" to a discovery. Some really nice drills, instantly calling for more dollars to be committed to the area. Here' their blurb:
EXPLORATION AND GROWTH
NEVADA, U.S.A.
Fourmile - More high grade drill results confirm new discovery
Based on further positive drill results, Barrick has upgraded the Fourmile exploration project from a target to a discovery. Located approximately two kilometers north of Goldrush in Nevada, drilling continues to intersect high grade results, confirming the continuity of mineralization in the project area, and increasing our confidence that Fourmile and Goldrush form part of a seven-kilometer-long mineralized system. Recent drilling has encountered high grade mineralization across a number of stratigraphic horizons in multiple holes covering an area 600 meters in length by 200 meters in width.
Assay result highlights from the second quarter include 13.9 meters grading 56.8 grams per tonne of gold, 16.6 meters grading 71.6 grams per tonne of gold, and 16.8 meters grading 57.9 grams per tonne of gold. Please see endnote 13 for a significant intercepts table including recent Fourmile drilling.
Based on the success of our 2018 drilling campaign to date, we are allocating an additional $10 million to Fourmile exploration this year, increasing the total number of planned holes from 30 to 47. Further infill and wide spaced step out drilling will continue for the remainder of 2018