The drilling program will test multiple targets with 25 to 30 angle holes averaging 500ft, with some up to 750ft.

Drilling will explore an established northeast trend of gold mineralization more than five miles long and a half a mile wide, the company said.

It is believed that Chandalar displays characteristics of sediment-hosted orogenic gold mineralization prospective for world-class gold deposits.

Goldrich Mining director Dick Walters said the distribution, composition and structure of pre-metamorphic organic and sulfide rich metalliferous black shales are manifested by a metamorphic equivalent at Chandalar known as the Mikado Phyllite.

"The Mikado Phyllite is unique to the Chandalar property, is hundreds of feet thick, and presents a Carlin-type opportunity for Goldrich," Walters said.