The following information was released by our joint venture partners, Triple Plate Junction (“TPJ”). After earn-in by TPJ, the Company will retain 25% equity in this property.
"Following the previously reported intersection of 158 metres of 1.4g/t gold in TPJ's first drill hole Nev-08 at the Nevera prospect at Crater Mountain, TPJ has continued to drill scout holes through the blanked of ash covering the prospect.
Drill holes Nev-10 and Nev-11, sited approximately 250 metres northwest and 170 metres north-north-west of Nev-8 respectively, intersected mineralised zones similar in nature to the mineralisation in Nev-8. All three holes are characterized by multiple veining or crosscutting vein relationships within volcaniclastic breccias containing dominant andesitic-clasts and basement siltstones and mudstones.
Mineralised zones in Nev-10 and Nev-111 include:
Nev 10
8 metres of 1.29 g/t gold from 8 metres to 16 metres, &
129 metres of 0.61 g/t gold from 312 metres to 441 metres hole depth
Nev 11
25 metres of 2.36 g/t gold from 150 metres to 175 metres, &
83 metres of 0.61 g/t gold from 266 metres to 349 metres hole depth"
TPJ have verbally informed the Company that they intend to recommence drilling at the property in the near future.
Readers are advised to refer to the Press Release and Technical Report Sections of this web-site for complete information including detailed drill and trench results.
