- Discovery Harbour Resources (DHR) has expanded its Caldera Project in Nevada, ahead of a proposed drilling program
- Based on the results of a recent soil sampling program, the company has added an additional four mineral claims to the project
- These claims are contiguous with the south of the Faustus mineralised area, where previous drilling intersected 4.45 grams per tonne of gold over 7.6 metres
- The company is now working to secure permits for a proposed drilling campaign, which will target an initial 10 of 33 overall targets
- Discovery Harbour Resources (DHR) is currently up 4.76 per cent and is trading at C$0.11 per share
Discovery Harbour Resources (DHR) has expanded its Caldera Project in Nevada, ahead of a proposed drilling program.
Located at the intersection of the Walker Lane and Northumberland Gold Belts, the project sits less than 50 kilometres away from Kinross Gold’s Round Mountain mine, which produced 361,000 ounces of gold in 2019.
Based on the results of a soil sampling program that was completed in January this year, Discovery Harbour has added an additional four mineral claims to the Caldera Project, bringing the total number of claims to 264 over a land package of 30 square kilometres.
These claims cover prospective regions characterised by anomalous gold and pathfinder element anomalies – such as arsenic, antimony and mercury, which were outlined during the sampling program.
The claims are also contiguous with the south of the Faustus mineralised area, where previous drilling activities returned 4.45 grams per tonne of gold over 7.6 metres and 7.36 grams per tonne of gold over 6.1 metres.
Mark Fields, President and CEO of Discovery Harbour Resources, noted that the Caldera Project has been expanded three times since the company acquired it in 2016.
“Each phase of work we undertake at Caldera increases our understanding of the structural and alteration patterns related to the significant gold mineralisation encountered and boosts our confidence in the bonanza grade potential of this project,” he said.
Discovery Harbour is now in the process of securing permits for a proposed drill program, which will target an initial 10 of 33 overall targets at the Caldera Project.
Discovery Harbour Resources (DHR) is currently up 4.76 per cent and is trading at C$0.11 per share at 1:59pm EDT.
