RE:Nevada gold stock finds new widespread mineralizationThis is really good news! But why the SP decline this morning, especially given gold's bounce this morning?
I was happy to take advantage and bought some more.
TG2409 (21.3 meters at 5.1 gpt Au) was drilled as an approximate 40-meter offset to the west of TG2211 (57.9-meters at 5.0 gpt Au commencing at 40-meters depth) and was oriented to locate and cross the East Fault zone. TG2409 had impressive gold intercepts on both sides of and in the fault zone with the highest grades being in the lower Tertiary Volcanics' ("TVL") and lower grades in the Ordovician Palmetto Argillite ("OPA"). These results suggest that the East Fault may represent a feeder structure. TG2409 extended the known location of the East fault over 100-meters to the south of previous intercepts into an under-drilled area which represents a good target for additional gold discovery.
TG2408 (18.3 meters at 4.4 gpt Au) was drilled as an approximate 40-meter step-out to the north of TG2211 where additional shallow high-grade gold mineralization in the TVL was encountered. The combination of TG2409, TG2408, TG2211, and TG2318 (54.9 meters at 1.0 gpt starting at 38-meters) to the south defines a large zone of shallow high-grade.