Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to share the latest drill results from the recently completed resource expansion and delineation drill program at the company's Gold Basin oxide gold project in Arizona. This phase of drilling specifically targeted step-out collar locations along the previously undrilled northern road at the Stealth deposit, revealing some promising intervals of near-surface oxide gold.
Smith highlighted the results from drill holes ST24-038 and ST24-039, which were positioned 50 meters east-southeast of hole ST24-031. The latter had previously returned an impressive 51.8 meters grading 1.31 g/t gold from 82.3 meters, including a high-grade interval of 38.0 meters at 1.69 g/t gold from 94.5 meters. These new drill holes further extend the high-grade interval along strike, indicating the potential for significant resource growth in this area. The company has received full assay results for 9 holes so far, with the remaining 13 holes expected to be reported within the next 4 to 6 weeks. This ongoing exploration and drilling program continues to underscore the potential of the Gold Basin project as a significant oxide gold deposit in Arizona.