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- Sierra Nevada Gold (SNX) launches a reverse circulation drilling program at its New Pass gold project in central Nevada, USA
- The 3600-metre program is part of a larger 5000-metre program across the Colorback and Warrior targets, and marks the first drill testing at New Pass in more than 40 years
- SNX expects to drill 16 holes at New Pass during the program, which is anticipated to wrap up within six weeks
- Sierra told investors an additional 1500-metre program at the Warrior Project will follow this work within the Walker Lane Trend
- Sierra Nevada Gold last traded at 32 cents at 1:53 pm AEDT
Recently ASX-listed company Sierra Nevada Gold (SNX) has launched a reverse circulation drilling program at its New Pass gold project in central Nevada, USA.
The 3600-metre reverse circulation program is part of a larger 5000-metre program across the Colorback and Warrior high-impact targets.
The program marks the first drill testing at New Pass in more than 40 years. SNX expects to drill 16 holes at New Pass during the program, which is anticipated to wrap up within six weeks.
The drilling will test vein positions down dip and along strike of historical mining of high-grade epithermal gold mineralisation.
Executive Chairman Peter Moore said New Pass is an exciting target for the company.
“New Pass is prospective for epithermal-style gold deposits and Carlin-style gold deposits within the Austin Trend, and we are looking forward to completing the first drilling here in a very long time,” he said.
“With this drilling at New Pass and our plans to drill at Warrior in addition to our recent drilling at Colorback and diamond drilling at Blackhawk, we are on track to complete initial drill testing of our entire project portfolio in our first six months of listing on the ASX.”
Sierra told investors an additional 1500-metre program will follow this work at the Warrior Project within the Walker Lane Trend.
Sierra Nevada Gold last traded at 32 cents at 1:53 pm AEDT.
