High Desert Gold (HDG.V) has announced more drill results at its now 100% owned Gold Springs project on the border of Nevada and Utah.
The company has now completed 43 reverse circulation holes and is almost halfway its planned 2013 exploration program. Of interest is a long intercept of 111 meters at 0.5g/t gold and 6.4g/t silver, starting at just 36 meters below the surface. As High Desert Gold’s recovery ratio is very high, a gold grade averaging 0.4-0.5g/t is sufficient to make this project viable.
Hole 23 intersected almost 72 meters of 0.7g/t gold and 9.4g/t silver. Some holes actually ended in mineralization, so there’s additional potential at depth. The fact the current drill results are showing relatively long intercepts with continuous mineralization bodes well for the future exploration and development plans of High Desert Gold.
> Click here to read the press release
Disclosure: The author holds a long position in High Desert Gold. High Desert Gold is a sponsor of the website. Please see our disclaimer for current positions.
