Gold Basin Resources Corporation (TSX-V:GXX) told investors it has kicked off its fully-funded reverse-circulation (RC) drill program at the Gold Basin Project in northwestern Arizona.
The program focuses on resource expansion and delineation at the Stealth Deposit and Gap Zone, the company noted.
The 3,000-meter program will include approximately 22 drill holes with an average planned length of 160 meters, and, it expects to complete the schedule of drilling in approximately five weeks.
Samples will be submitted to ALS Geochemistry in Tucson, Arizona, with preliminary results anticipated three weeks after that.
"We are thrilled to be back drilling at Gold Basin, as we steam towards the Project’s maiden NI 43-101 oxide gold resource, to be released this year,” chief executive Colin Smith said in a statement.
“The first batch of assay results are due back in early July, and we greatly anticipate getting them to market as soon as possible."