The step out in reverse circulation drill hole SV10-499 intersected 12.2 m of 1.2 gram per tonne (g/t) Au including 1.5 m of 7.8 g/t Au mineralization, showing strong, relatively shallow Spring Valley-type mineralization in similar structures and host rocks to the existing gold resource.
The drill hole is south of the property and the gold resource remains open to the northwest, to the south and to depth.
The fourth quarter drilling results indicate several high grade intercepts including Hole SV-511C with 62.5 m of 2.2 g/t Au including 1.5 m of 22.4 g/t Au, 1.5 m of 305.0 g/t Au, and 1.5 m of 21.1 g/t Au; and 42.7 m of 0.9 g/t Au including 1.5 m of 12.5 g/t Au.
The results also indicate Hole SV-502C with 3.3 m of 3.0 g/t Au including 0.8 m of 17.8 g/t Au and 10.5 m of 1.6 g/t Au including 1.0 m of 28.0 g/t Au; and hole SV-510 with 25.9 m of 0.8 g/t Au including 1.5 m of 4.6 g/t Au, and 12.2 m of 3.6 g/t Au including 1.5 m of 96.0 g/t Au.
These holes intersected mineralization below the rim of the north edge of the conceptual pit and to depth, and could expand the length and width of the resource as well as at depth.
