• Eclipse Gold Mining (EGLD) has launched a phase two drill program at its Hercules gold project in the Walker Lane trend of Nevada
  • A reverse circulation drill rig has already begun work at an initial target site
  • The program is expected to consist of 18 holes over 6,750 metres, focusing on potential extensions of gold mineralisation east of Cliffs
  • The company has also completed almost 1,000 metres of a 2,200-metre airborne geophysical survey, with final results expected later this month
  • Eclipse Gold Mining (EGLD) is currently up 2.56 per cent and is trading at C$0.80 per share

Eclipse Gold Mining (EGLD) has launched a phase two drill program at its Hercules gold project in the Walker Lane trend of Nevada.

Located 40 kilometres southeast of Reno, the project is thought to host four large, near-surface gold systems that may be connected at a deeper level.

The Vancouver-based company announced in mid-August that it had secured a reverse circulation drill rig for the program, which is now turning at an initial target site. All together, Eclipse Gold Mining intends to complete 18 drill holes over a total of 6,750 metres.

Drilling will focus on the potential extensions of known gold mineralisation to the east of Cliffs, as well as the recently defined Hercules Structural Zone which runs north to south through the Northeast and Hercules targets.

A recent induce polarisation survey also outlined a new zone, dubbed the Hercules Structural Zone, which extends for more than 2,000 metres along strike and remains open for expansion.

Of particular interest, phase one drilling suggested an increase in the thickness and grade of mineralisation of an epithermal gold and silver system to the south of the project, hinting that the property-wide system could be larger than initially thought.

Warwick Board, Vice President of Exploration at Eclipse Gold Mining, said the targeted drilling should provide a greater understanding of the nature and scale of the overall epithermal gold system.

“We are excited to be testing the Hercules Structural Zone as a potential feeder to the system, the possible link between the Cliffs and Hercules targets at depth, and the apparent thickening of the system to the south of these target areas,” he added.

In addition to the commencement of phase two drilling, Eclipse Gold Mining has completed almost 1,000 metres of a 2,200-metre airborne geophysical survey, with final results expected later this month.

Eclipse Gold Mining (EGLD) is currently up 2.56 per cent and is trading at C$0.80 per share at 11:28am EDT.

More From The Market Online

Search suspended for SSR miners missing after Türkiye mine collapse

SSR Mining (TSX:SSRM) provided an update on the tragedy that struck its Çöpler gold operation in eastern Türkiye.

Canada Nickel completes initial infill drilling at Bannockburn Property

Canada Nickel Company (TSXV:CNC) has reported the first five holes at its Bannockburn Property's "B" zone have been drilled.

E3 Lithium selects technology for first commercial plant

E3 Lithium (TSXV:ETL) provided an update on the selection process for direct lithium extraction technology in its field pilot plant.

A high-value copper stock that keeps returning high grades

Koryx Copper Inc. (TSXV:KRY) is a Canadian mineral exploration company focused on the development of copper and molybdenum deposits.