- Big Ridge Gold (BRAU) has started drilling at the company’s Hope Brook Project in southwest Newfoundland
- The Toronto-based mineral exploration company has mobilized two diamond drill rigs and drill crews at the project
- Big Ridge will complete a minimum 25,000 metres of core drilling as part of the Phase 1 drill program
- Drilling will initially focus on the highly prospective ground between the 240 and Main Zones at surface and to depth
- The company is also utilizing a back-pack drill on site to test targets previously identified via sampling, geophysics and drill programs completed in the 1980’s
- Big Ridge Gold is unchanged, trading at $0.28 at 11:35 am ET
Big Ridge Gold (BRAU) has started drilling at the company’s Hope Brook Project in southwest Newfoundland.
The Toronto-based mineral exploration company has mobilized two diamond drill rigs and drill crews at the project.
Big Ridge will complete a minimum of 25,000 metres of core drilling as part of the Phase 1 drill program.
The drill program is designed to test the-1,200 metre gap between the 240 Zone and Main Zone and extensions to the southwest and northeast of the 240 and Main Zones.
Drilling will initially focus on the highly prospective ground between the 240 and Main Zones at surface and to depth and move to the Northeast Extension once results from the CSAMT geophysical program have been interpreted.
Shallow historic drilling completed by previous operators across 400 metres of strike southwest of the Main Zone and outside the current resource estimate generated high-grade results such as 4.69 grams per tonne of gold across 14.9 metres and 3.11 grams per tonne of gold across 18.0 metres. The company is also utilizing a back-pack drill on-site to test targets previously identified via sampling, geophysics and drill programs completed in the 1980’s.
“Big Ridge is excited to embark on the first meaningful exploration program at Hope Brook since 2012. The known mineralization at Hope Brook provides a great resource to build on and the highly prospective targets in and around the deposit provide an opportunity to make further discoveries,” said Big Ridge President and CEO Michael Bandrowski.
The company remains committed to the development of advanced-stage mining projects.
Big Ridge Gold is unchanged, trading at $0.28 at 11:35 am ET.