Gold Basin Resources Corporation (TSX-V:GXX) has announced that review and analysis of historical drill data on the Red Cloud deposit claims has highlighted what the company called the “exciting potential” of more than one kilometre of potential strike extension of the mineralisation of the Stealth deposit at its 100%-owned Gold Basin project in Arizona.
The mineral exploration company said the mineralisation intersected historically at Red Cloud starts from near surface and corresponds closely with the form and grade intersected with Gold Basin’s drilling at Stealth in its last drill program.
It added that the consistencies contained within the data provide a great deal of optimism for future drilling.
READ: Gold Basin Resources says column leach testwork confirms high gold recoveries at Arizona Gold Basin project
Gold Basin also noted its next phase of drilling is designed to test the drilling data gap between the Stealth and Red Cloud deposits and also extend the drilling southeast along the fault zone through Red Cloud.
As well, the company said it is in the process of further evaluating a number of historical drill holes drilled on an east-west line between the Cyclopic and Stealth deposits in the northern section of the new claim areas that have also intersected gold mineralisation.
Gold Basin Resources is engaged in the business of mineral exploration and the acquisition of mineral property assets in North America, including the Gold Basin property located in the Gold Basin mining district, Mohave County, Arizona, which comprises five mineral rights and 294 unpatented mining claims totalling 30.8 square kilometres.
Contact Sean at sean@proactiveinvestors.com