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Terraco Gold Corp.(TSXV:TEN) announced receiving the initial drill results from its 2011 drill campaign at the Moonlight property. Plans for the 2012 drill program are currently underway.
As quoted in the press release:
The fall 2011 drill campaign at Moonlight included approximately 4,000 meters (“m”) (13,050 feet (“ft”)) of reverse circulation (“RC”) drilling in 19 holes, completed by AK Drilling of Butte, Montana, between 24 October and 21 December 2011. Drilling focused on targets related to the northerly extension of the Black Ridge Fault zone and further defined by anomalies from aeromagnetic and ground geophysical surveys (CSAMT/CSIP).
Terraco, President and CEO, Todd Hilditch, said:
We are excited that our 2011 drill program at Moonlight has returned gold on lands never before tested at Moonlight. The primary goal of this drill program was to confirm the geological environment at Moonlight and its potential to host gold mineralization, and we have now shown this to be possible based on today’s results. Our geological team will now be able to use the information gathered from this drill program to plan for a second round of drilling in 2012 to further test mineralization at Moonlight. In addition, the newly acquired strategic land package will also help bolster the exploration potential of the project.
Click here to read the Terraco Gold Corp. (TSXV:TEN) press release