The Conversation (0)
Nevada Sunrise Gold Corporation (TSXV:NEV) joint venture partner and project operator Pilot Gold Inc. (TSX:PLG) reported initial drill results from the 2015 drill program at the Kinsley Mountain Project in Nevada: a new mineralized zone has been discovered in two key stratigraphic horizons, about 150 metres northeast of the high-grade Western Flank. The new mineralized zone is open to the east and west. Highlights of the drill program include 2.34 grams per tonne gold over 9.1 metres, 3.46 g/t gold over 18.3 metres, and 2.95 g/t gold over 13.7 metres.
As quoted in the press release:
Drill highlights include:
- PK208: 2.34 grams per tonne (“g/t”) gold over 9.1 metres (Dunderberg shale host), and 3.46 g/t gold over 18.3 metres (Secret Canyon Shale host); including 13.7 g/t Au over 3.0 metre
- PK210: 2.95 g/t Au over 13.7 metres (Secret Canyon Shale host).
The new intercepts are from the Dunderberg Shale and the Secret Canyon Shale which contain most of the known gold mineralization at Kinsley Mountain and are believed to underlie a significant portion of the Project area. Pilot Gold believes the previously-discovered Western Flank zone is not an isolated occurrence and there is a high probability of ongoing discoveries at Kinsley Mountain, and that these results confirm their exploration model for the discovery of new areas of mineralization.
2015 Exploration Program
The initial 2015 field program at Kinsley is currently budgeted at US$2.0 million, including up to 10,000 metres of reverse circulation and 1,000 metres of diamond drilling. Thus far, 4,300 metres have been completed in 9 holes and one lost hole, including three that were drilled for the purpose of conducting an induced polarization geophysical survey. The remaining program will focus on following up the new discovery and will also test a number of high-priority targets across the property. Exploration of this nature is drill-intensive and sequential; the program will be continually evaluated in light of data and interpretations from each and every drill hole.On the basis of these results the 2015 exploration program is being modified to potentially expand and connect the new zone to the Western Flank and target the ‘high-grade’ northwest trending structures in the historical mine trend.
Click here to read the Nevada Sunrise Gold Corporation (TSXV:NEV) press release
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