- Big Ridge Gold Corp. (BRAU) receives initial drill results from its drill program at the Hope Brook Gold Project, showing numerous intercepts of gold
- The company targeted the shallow southwestern extension of the Hope Brook Deposit
- Drill holes HB-21-152, -142, and -138 all had significant intersects that showed high-grade gold mineralization
- Drilling continues to extend gold mineralization outside the current resource shell
- Every single one of the drill results received have intersected gold mineralization
- Big Ridge Gold Corp. (BRAU) is up 3.57 per cent and is trading at $0.29 per share as of 2:59 p.m. ET
Big Ridge Gold Corp. (BRAU) has received initial drill results from its drill program at the Hope Brook Gold Project.
The project is located in Newfoundland and Labrador.
Big Ridge began its phase I drilling in early November and completed 3,729 metres in 17 holes before taking a break for the holidays. The company targeted the shallow southwestern extension of the Hope Brook Deposit.
Mike Bandrowski, President and CEO of Big Ridge, commented,
“Today’s drill results southwest and along strike of the Hope Brook open pit confirm near-surface mineralization remains open for potential resource growth, and the copper mineralization, that is being reported for the first time, illustrates the possibility of a by-product credit.”
Drill holes HB-21-152, -142, and -138 all had significant intersects that showed high-grade gold mineralization.
Phase I drilling picked up again in January and approximately 11,400 metres in 43 holes have been completed to date.
Drilling continues to extend gold mineralization outside the current resource shell. Every single one of the drill results received has intersected gold mineralization.
The drill program is expected to run until August and will focus on connecting the Main Zone and 240 Zone near surface and at depth respectively and testing the down-dip extensions to both the Main and 240 Zones before moving to test the NE Extension.
Big Ridge will continue to highlight copper mineralization from the program at Hope Brook as past exploration programs have not quantified or reported on this potentially profitable mineralization.
Big Ridge Gold Corp. (BRAU) is up 3.57 per cent and is trading at $0.29 per share as of 2:59 p.m. ET.