- Oar Resources (OAR) intersects high-grade gold and silver from its maiden drilling program at its Douglas Canyon silver-gold project in Nevada, US
- Two diamond holes were drilled to test for potential depth extensions of the outcropping gold and silver mineralisation
- Up to 2.4g/t gold and 361g/t silver was intersected and Oar will combine the results with existing data to assess the results in the context of the larger mineralised system
- Simultaneously, mapping and sampling will be carried out along strike of the interpreted structures which extend into the recently acquired western extension area
- Oar is up 7.69 per cent on the market with shares trading at 0.7 cents at 10:23 am AEST
Oar Resources (OAR) has intersected high-grade gold and silver from its maiden drilling program at its Douglas Canyon silver-gold project in Nevada, US.
Two diamond holes, DCD-01 and DCD-02, were drilled at the project to test for potential depth extensions of the outcropping gold and silver mineralisation.
Hole DCD-01 intersected a bleached and altered zone containing oxidised quartz veining.
Results include 1.8 metres at 1.28g/t gold and 190g/t silver from 111.09 metres including 0.7 metres at 2.4g/t gold and 361g/t silver from 112.16 metres.
Oar will combine these results with its existing drilling and surface data to assess the results in the context of the larger mineralised system before it decides to undertake follow up drilling.
Simultaneously, mapping and sampling will be carried out along strike of the interpreted structures which extend into the recently acquired western extension area.
“This is a great result from our Douglas Canyon Project, with high-grade gold and silver mineralisation intersected in DCD-01. With one individual sample running over 4.3 g/t gold and 600 g/t silver, these results clearly show that we have a high-grade system at Douglas Canyon,” Exploration Manager Ross Cameron said.
“We will be integrating this new information with our existing data and undertaking a complete review of the of the project, including the new adjacent tenement to the west, where we know these high-grade structures continue along strike.”
Oar was up 7.69 per cent on the market with shares trading at 0.7 cents at 10:23 am AEST.