- Gold Basin Resources (TSXV:GXX) reveals it has completed its Q2/Q3 resource expansion and delineation reverse-circulation drill program in Arizona
- The RC program completed at its Gold Basin project had a total of 22 holes drilled for 3,640 metres
- 14 holes were drilled at the Stealth Deposit and eight were drilled at the Gap Zone
- Shares of Gold Basin Resources are up 10 per cent to C$0.055 as of 10:39 am ET
Gold Basin Resources (TSXV:GXX) reveals it has completed its Q2/Q3 resource expansion and delineation reverse-circulation (RC) drill program in Arizona.
In a news release, the company stated the RC program, which took place at its Gold Basin project, had a total of 22 holes drilled for 3,640 metres.
Roughly 14 holes were drilled at the Stealth Deposit and eight were drilled at the Gap Zone.
“The Q2/Q3 resource expansion and delineation drill program at Gold Basin concluded last week, and we continue to receive broad intervals of near-surface oxide from step-out collar locations at Stealth, with an average vertical depth of 49 metres to the top of reportable mineralized zones, and an average drill interval thickness of 91 metres,” Colin Smith, CEO of Gold Basin Resources, said in a statement.
Results so far include assays with notable intercepts such as 89.9 metres at 0.49 grams per ton (g/t) gold at depths of 73.2 metres, including 13.7 metres at 1.36 g/t gold with another hole returning 29 metres at 0.58 g/t gold from 94.5 metres.
Smith added that additional news flow from the program will follow in the coming weeks.
With headquarters out of Vancouver, Gold Basin Resources is focused on advancing its Gold Basin Project located in Mohave County, Arizona.
Shares of Gold Basin Resources (TSXV:GXX) are up 10 per cent to C$0.055 as of 10:39 am ET.
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