Gold Basin Resources has reported initial soil and rock assays from its second quarter 2023 sampling and prospecting program at its 100%-owned Gold Basin oxide gold project in Arizona.
The company said the assays define three kilometre (km)-scale gold anomalies, including 3.25-km-long and 1.7-km-long trends north of the Cyclopic oxide gold deposit and a 1-km-long trend located 2.3 km southeast of and along strike from Cyclopic.
Of the 110 rocks collected, 28 returned assays greater than 1 gram per ton (g/t) of gold, 11 returned assays of 5 g/t gold, and six returned assays of 10 g/t or more, including 12.4, 12.55, 15.70, 17.95, 29 and 35.5 g/t gold.
Visible gold was sampled at seven separate locations, all of which are undrilled, and spaced approximately 1 to 2 km apart, Gold Basin noted.
“The regional prospectivity at Gold Basin continues to grow, with the delineation of three kilometre-scale gold trends, and 28 regional rocks grading greater than 1 g/t gold within a 2.7 by 1.4 km area directly adjacent to the Cyclopic Deposit,” Gold Basin CEO Colin Smith said.
“High-grade, undrilled trends remain open at both margins of the grid, and an extension to sampling is under preparation.”
Additionally, the company has bolstered its technical team with the appointment of senior geologist Kevin Rafferty.
“Kevin will lead property-wide geological and structural mapping and target generation, including detailed follow-up at undrilled sites which returned high-grade oxide gold rock assays from this round of geochemistry,” Smith commented in a statement.
Gold Basin Resources is advancing the Gold Basin project, located in the tier-one mining jurisdiction of Mohave County, Arizona.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie