(NewsDirect)
Gold Basin Resources CEO Colin Smithjoined Steve Darling from Proactive on-site at their Stealth Projectto discuss the ongoing drilling program located in the Arizona desert.Smith shared insights into the current drilling operations, which areactively being carried out at the Stealth deposit. This deposit hasyielded promising results from previous drilling programs, includingsignificant intercepts of surface oxide gold.
Current drilling efforts are focused onthe northern side of the area, a region that has not been extensivelydrilled before. Historical data indicate substantial potential in thispart of the deposit, prompting the decision to drill new holes aimedat expanding both the breadth and depth of the known goldmineralization, particularly towards the north-northwest. Thisstrategic focus is based on the encouraging historical data thatsuggest untapped potential in these zones.
Smith delved into the technical aspects of the ongoing drilling,highlighting that two holes are being drilled at different angles totest down-dip and down-plunge extensions. These methods are designedto provide a more comprehensive understanding of the deposit'sstructure and to identify additional zones of gold mineralization.Smith expressed his enthusiasm about returning to the field, a settinghe finds immensely fulfilling given his extensive experience in themining industry.
The primaryobjective of this drilling program is to advance towards the maiden43-101 resource estimate, which is expected to be completed in thethird or fourth quarter of this year. Each meter drilled is crucial asit contributes to expanding the known oxide gold envelope, connectingdifferent parts of the deposit, and enhancing the overallmineralization. This systematic approach aims to delineate a robustand economically viable gold resource that can support futuredevelopment and mining operations.
Smith emphasized the significance of the current drillingprogram for both the Stealth Project and Gold Basin Resources as awhole. He highlighted that the successful execution of this programwould not only enhance the company's asset base but also positionit strategically for future growth and value creation. The initialresults from the drilling are eagerly anticipated, as they willprovide critical data to guide subsequent exploration and developmentactivities.
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