- Discovery Harbour Resources (DHR) has received final results from the drill program at its Caldera Gold Property
- The Vancouver mineral exploration company received assay results from the final four of five drill holes at the property
- Gold was intercepted in three of the drill holes.
- The Caldera gold property is located at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada
- Discovery Harbour Resources is down 10 per cent, trading at $0.045 at 12:24 pm ET
Discovery Harbour Resources (DHR) has received final results from the drill program at its Caldera Gold Property.
The Vancouver mineral exploration company received assay results from the final four of five drill holes at the property.
The Caldera gold property is located at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.
Gold was intercepted in three of the drill holes.
The drillholes each intersected primarily volcanic tuffs, with zones of moderate to strong propylitic and argillic alteration and multiple fault zones.
The fourth hole has a best result of 2.71 grams of gold per tonne over 1.2 metres, with other intervals of over 1 gram of gold per tonne and extensive intervals of anomalous gold.
“Encouraging gold values were intersected in three of the five drill holes, which were drilled in three very separate areas of the Caldera property. Some, but not all, of the extensive faulted and altered intervals carried multiple intersections in excess of one gram gold per tonne with other intercepts of anomalous gold values, all of which occurred from both shallow and deeper parts of the drill holes. Although we did not intersect the type of bonanza zone we were hoping for, the results point to the gold fertile nature of the mineralizing system at Caldera. We will use the extensive analytical data we have gathered as well as the geological and spectrometer data to better understand the low sulphidation epithermal gold system at Caldera and determine the next steps. In addition, we are looking forward to Newcrest’s drill program, which, subject to drill rig availability, is planned to begin in January for the Fortuity 89 property,” said President and CEO Mark Fields.
Discovery Harbour Resources is down 10 per cent, trading at $0.045 at 12:24 pm ET.