Diamond drill holes SP12-113 and SP12-117A, both situated on the 0+300 meter section line and drilled at an azimuth of 220 degrees true north and an inclination of -45 degrees, tested peripheral parts of the Portage Zone.
Both holes intersected long intervals of gold mineralization (please refer to table) in areas approximately 50 meters beneath the National Instrument 43-101 ("NI 43-101) compliant resource model, which was announced on February 27, 2012.
Diamond drill hole SP12-114 was drilled on the 0+250 meter section line at an azimuth of 220 degrees true north and an inclination of -45 degrees and tested deep extensions of the Portage Zone in this area. Although this hole failed to test the full width of the Portage Zone, it encountered 115.6 meters at 1.11 grams per tonne gold (379 feet at 0.032 oz per ton gold) before ending in mineralization at 569.6 meters. This represents a true depth of approximately 400 meters below surface, is one of the deepest intercepts yet drilled in the Portage Zone, and extends approximately 80 m below the NI 43-101 compliant resource model.
The whole deposit is getting longer...wider and deeper....Just like we thought it would.....Scout Arizona....
From the report.
Two vertical diamond drill holes, SP12-115 and SP12-116, and hole SP12-121, drilled at an azimuth of 220 degrees true north and an inclination of -45 degrees, all fall on the 0+850 meter section line and test deeper extensions of mineralization in this area. All three holes encountered multiple mineralized intervals (please refer to table) typical of this transitional area between the Portage and Main zones. Of particular note, the deepest intercept in hole SP12-116 falls approximately 120 meters beneath the NI 43-101 resource model.
We have aggressive plans to follow up on all of these results once our barge-based drill campaign begins in a couple weeks."