The program will include a minimum of 30,000ft of drilling, primarily focused on expanding and upgrading the mineral resource at the company’s Lookout Mountain project.
The program will also test several prioritized locations across the 23 square-mile property, ranging from zones known to carry significant gold mineralization to previously untested structural targets.
The South Eureka property is located on the south end of Nevada’s prolific Battle Mountain/Eureka Trend, along strike and a few miles south of Barrick Gold’s two-million ounce Archimedes/Ruby Hill mine.
South Eureka features three extensive mineralized trends including Ratto Ridge, Oswego and Windfall, and includes the advanced-stage Lookout Mountain Project along with a pipeline of earlier-stage projects that feature past gold production, historic gold estimates, and/or mineralized drill intercepts.
Lookout Mountain contains sediment-hosted gold mineralization, most of which is amenable to low-cost, heap-leach recovery.
The primary focus of the current drill program is to expand and upgrade the NI 43-101 compliant gold resource at Lookout Mountain by drilling along strike on the Ratto Ridge structural trend north toward the Rocky Canyon zone and, especially, south toward the South Adit zone.
Both the Rocky Canyon and South Adit zones contain historic, non-compliant gold resources.
The secondary focus for drilling and field exploration at South Eureka is to advance areas of mineralized drill holes and/or past production by prior operators as well as test structural targets not previously drill-tested.
These targets include the west wall of the Lookout Mountain pit and other step-out holes along the Ratto Ridge (west) structural trend as well as various locations on the Oswego (central) and Windfall (east) structural trends.
