MetalNRG PLC (LSE:MNRG) executive director Rolf Gerritsen told investors the explorer is delighted with results from soil sampling at the Gold Ridge property, in Arizona, where it has confirmed a ‘real gold and wider opportunity’.
The explorer, in a statement, said that soil geochemistry shows evidence for multiple geologic events including: strong gold, copper, lead and zinc mineralization related to the Mascot Stock prospect.
Meanwhile, at Gold Ridge’s Apache Pass Shear Zone (APSZ) it saw strong gold, silver, arsenic, lead and zinc mineralization.
Also, it has identified a new anomalous trend of gold, copper, lead and zinc parallel to the APSZ, and, it noted a possible ‘blind fault offset’ of the APSZ which the company said suggests historically mined gold mineralisation is off-set slightly northward where no exploration drilling has occurred.
“We are delighted with these results which confirm that whilst there is follow up work to be carried out, there is a real gold and indeed wider opportunity at Gold Ridge,” said executive director Rolf Gerritsen.
“We look forward to providing further updates on this project in due course."