Allied Nevada Announces Initial Drilling at Its Hasbrouck Mountain Project

Allied Nevada Gold Corp.(TSX:ANV)(NYSE Amex:ANV) reported preliminary assay results from the initial core hole of a three core hole exploration program at its Hasbrouck Mountain project, located approximately five miles south of Tonopah, Nevada.

The press release is quoted as saying:

Hasbrouck mineralization was deposited by an epithermal hot-spring system and is accompanied by pervasive silicification, with associated adularia and pyrite. The property is located approximately 50 miles south of the Round Mountain open pit mine, a joint venture between Kinross Gold and Barrick Gold.

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