Gold Basin Resources CEO Colin Smith recently discussed the company's ongoing drilling program at the Stealth Project in the Arizona desert. The initiative, which targets the northern side of the area, aims to explore regions that have not been extensively drilled before.
Previous drilling programs at the Stealth deposit have shown promising results, including significant intercepts of surface oxide gold. The current focus on the northern side is driven by historical data indicating substantial potential in that part of the deposit. New holes are being drilled to expand both the breadth and depth of known gold mineralization, particularly towards the north-northwest.
Smith highlighted that the drilling involves two holes at different angles to test down-dip and down-plunge extensions. This approach is designed to provide a comprehensive understanding of the deposit's structure and to identify additional zones of gold mineralization. Smith expressed his enthusiasm about the project, noting that his extensive experience in the mining industry makes fieldwork particularly fulfilling.
The primary goal of this drilling program is to advance towards the maiden 43-101 resource estimate, expected to be completed in the third or fourth quarter of this year. Each meter drilled contributes to expanding the known oxide gold envelope, connecting different parts of the deposit, and enhancing overall mineralization. This systematic approach aims to delineate a robust and economically viable gold resource to support future development and mining operations.
Smith emphasized the significance of the current drilling program for both the Stealth Project and Gold Basin Resources as a whole. Successful execution of this program would not only enhance the company’s asset base but also position it strategically for future growth and value creation. The initial results from the drilling are eagerly awaited, as they will provide critical data to guide subsequent exploration and development activities.
