Oar Resources Ltd (ASX:OAR) has secured drilling and geological contractors for its maiden drilling program at the high-grade Douglas Canyon Gold Project in Nevada, with drilling scheduled to commence this month.
The precious metal explorer and aspiring producer has operations in Australia and the Americas, holding highly prospective halloysite and kaolinite tenements on the Eyre Peninsula in South Australia.
The company also wholly owns gold exploration projects in the highly prospective gold province of Nevada, US, ranked the world’s fourth-best mining jurisdiction.
“Exceptional results”
The maiden drilling program will consist of four diamond drill holes of total 1,000-metre length designed to test outcropping high-grade gold and silver mineralisation, contained in shear hosted epithermal quartz veining.
Previously reported surface outcrop samples include:
- 18.0 g/t gold and 398 g/t silver
- 16.2 g/t gold and 495 g/t silver
- 14.0 g/t gold and 423 g/t silver
“We are very excited to have the diamond drilling about to get underway at our high-grade Douglas Canyon Gold Project in Nevada,” OAR general manager Tony Greenaway said.
“Drill testing of the standout targets has been a high priority for Oar, given the exceptional results from our initial outcrop sampling, and the project’s location in the prolific Walker Lane district of Nevada, where there is currently a significant amount of exploration activity occurring.
“We have a highly experienced contract geology team on the ground in Nevada to manage this drilling campaign, which gives the company a high degree of confidence that we will achieve our on-ground goals.
“With a total of four holes and 1,000 metres of drill core planned, these exceptional targets will be given a thorough test and we will be eagerly awaiting the first results and observations from the core logging.”
The first two diamond drill holes will generate additional information to inform the ideal placement of the next two, which will be focused on down-dip depth extensions. The first set is expected to take four to five weeks to complete, with results to be made available as they are received.
