High Desert Gold (HDG.V) has announced an update on their exploration plans on their 82% owned Gold Springs project on the border of Nevada and Utah.
High Desert Gold has re-started drilling at Gold Springs and is planning to drill approximately 100 holes this year to considerably increase the current resource estimate of 295koz AuEq using a 0.5g/t AuEq cutoff-grade. Whilst the company is constructing a drill pad on the Grey Eagle zone, the first 4 to 8 holes will be drilled on the Jumbo zone which is on the Utah-side of the project.
As High Desert Gold plans to drill approximately 100 holes in 2013, we can expect a steady news flow throughout the year. The company currently has approximately C$4-4.5M in cash, so they won’t have to go to the markets to raise more money anytime soon.
We are currently finalizing a Q&A report with Richard Doran, which we expect to publish sometime next week.
Disclosure: High Desert Gold Corp. is a sponsoring company. Please see our disclaimer for current positions.
