Renewal Of Exploration Permit At Surselva Gold ProjectVANCOUVER - NV Gold Corporation reported that the…
Western Drill Hole At Kay Mine Identifies Gold Mineralization Presence
Western Drill Hole At Kay Mine Identifies Gold Mineralization Presence
TORONTO – Arizona Metals Corp. reported on nine new drill holes at the Kay Mine Deposit, in Arizona, all mineralized, continue to demonstrate the continuity and expansion potential of the deposit, particularly in extending mineralization toward surface through shallow drilling. The final hole assayed from deeper drilling at the Western Target demonstrates the presence of gold mineralization to a depth of almost 1 km.
Hole KM-23-117 intersected 65.6 m at 3.5 g/t gold equivalent (AuEq), including 5.7 m at 6.6 g/t AuEq. This hole is in the center of the Kay Deposit, filling an ~80 m gap between holes KM-22-60 and KM-21-25. It demonstrates excellent continuity and elevated gold grades in this portion of the Kay Deposit, returning among the highest gold grades on the Property to date, including 21.9 g/t Au (614.4-614.9 m).
Hole KM-23-123, part of the shallow drilling program at the Kay Deposit, returned 28.1 m at 1.0% CuEq, including 4.1 m at 2.8% CuEq. This shallow hole added considerable volume to the Kay Deposit, stepping out 160 m above hole KM-23-114 and 45 m south of KM-23-120.
Hole KM-23-118 at the Western Target intersected 1.8 m at 1.8 g/t AuEq and 1.5 m at 2.1 g/t AuEq. This hole penetrated the western mineralized horizon in two locations, on each side of the principal anticline present on the Western Target. The deeper, westernmost of the two intercepts (1.5 m @ 2.1 g/t AuEq) intersected the consistent mineralized horizon intersected in all seven of the other Western Target drill holes, confirming its presence at depth, approximately 1 km below surface.
Marc Pais, CEO, commented, “These new drill results from the Kay Deposit continue to point to its expansion potential, in this case adding 35 m to the vertical extent, which has now been drilled to a depth of greater than 935 m. Our specially modified drill rig has extended mineralization to approximately 50 m below surface. Altogether, the shallow drill holes completed to date in the upper portions of the Kay Deposit extend mineralization approximately 110 m upward and along a strike length of about 130 m.
We will continue to test these shallower portions of the Kay Deposit along more than 350 m of strike length defined to date, while also expanding mineralization with the second rig targeting northern and southern extensions of the Kay Deposit.”
With the completion of recent drill holes, Arizona Metals has drilled a total of 99,000 meters on the Property.
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