- Big Ridge Gold (BRAU) released more drill results from its Phase I exploration program at the Hope Brook Project in southwestern Newfoundland and Labrador
- 41 of the 45 holes drilled have intersected gold mineralization. These initial drill results have primarily focused on near-surface mineralization to the southwest of the current resource estimate
- The Phase I drill program continues to extend gold and copper mineralization to the southwest of the former-producing Hope Brook open pit
- Big Ridge Gold Corp. is down 4.35 per cent at C$0.11 per share as of 1 pm ET
Big Ridge Gold (BRAU) released more drill results from its Phase I exploration program at the Hope Brook Project in southwestern Newfoundland.
Highlights:
- Drill hole HB-22-178 intersected 0.95 g/t Au over 11.7 metres, including 8.86 g/t Au over 1 metre
- Drill hole HB-22-179 intersected 0.95 g/t Au over 32.6 metres, including 2.83 g/t Au over 8.7 metres
- Drill hole HB-22-182 intersected 0.86 g/t Au over 31.3 metres, including 5.38 g/t Au over 1 metre and 1.28 g/t Au over 11.8 metres
Drilling continues to intersect gold and extend mineralization outside and along the projected trend of the current resource envelope that is based on a gold price of US$1,200 per ounce and 3.0 g/t Au cut-off grade.
41 of the 45 holes drilled have intersected gold mineralization. These initial drill results have primarily focused on near-surface mineralization to the southwest of the current resource estimate.
The Phase I drill program continues to extend gold and copper mineralization to the southwest of the former producing Hope Brook open pit.
The Phase 1 drill program results continue to demonstrate that Hope Brook remains open for resource expansion, and a series of assays are pending from additional drill holes testing the 240 Zone and Main Zone.
Big Ridge’s President and CEO, Mike Bandrowski, commented, “Drilling continues to intercept gold and copper mineralization outside the current resource envelope to the southwest, further supporting our thesis of continued mineralization to the southwest and potential resource expansion.”
The past-producing Hope Brook Gold Project is an advanced-stage, high-grade gold project that produced 752,162 ounces of gold from 1987 to 1997.
Big Ridge Gold is a mineral exploration and development company with projects in Manitoba, Quebec and Newfoundland.
Big Ridge Gold Corp. is down 4.35 per cent at C$0.11 per share as of 1 pm ET.
