- Historical exploration drilling conducted in mid-1980’s.
- Historical rock samples return high-grade results.
- Project area prospective for epithermal and disseminated gold-silver.
Discovery Alaska (ASX:DAF) has received high-grade assay results from five historic rock samples at the Boulder Creek gold-silver project in Idaho. Collected by Nierco from historical drilling between 1985 and 1987, the rock samples from the area helped identify anomalous zones during their exploration.
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New analysis has returned high-grade silver and gold results, including 767 grams per tonne (g/t) silver. Discovery Alaska’s director, Jerko Zuvela, said the high-grade results demonstrate the prospectivity for gold and silver mineralisation at the targeted Nerco site within the project area.
“The company is excited by the high-grade rock sample assay results and looks forward to continuing exploration works at Boulder Creek,” he said.
“With the fantastic 767g/t silver result, we are excited to commence drilling works to test the historic Nerco, Inc. anomalous prospect area and follow up on the high-grade gold and silver rock sample results.”
The project is prospective for epithermal high-grade vein-hosted gold-silver and disseminated gold-silver and lies within a prospective area containing several historical sites.
Discovery is progressing exploration planning, including obtaining necessary approvals, targeting the anomalous prospect for an initial phase of drilling works. The company’s Idaho geological consultants are currently preparing necessary works to conduct the drilling during the northern summer period.
The consultants recently conducted a successful field visit to the project area and inspected the prospect for any alteration and mineralisation of the target mineral system, and also assessed the condition of the access roads and historic drill pad sites, confirming these were in reasonable condition and can be utilised for the proposed drilling works.
In early April, Discovery confirmed an additional 20 claims had been staked as part of the Boulder Creek project. The new claims cover an area of 413.2 acres and are located to the northwest, east and southeast of the existing Idaho State Lease (ISL) and were staked to cover the strike extensions of the prospective geological structures that may extend beyond the ISL project area.
DAF opens at 1.5¢ today. Mkt cap $3.875M.
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