- Eclipse Gold Mining (EGLD) is gearing up for a second phase of drilling at its Hercules gold project in the Walker Lane trend of Nevada, USA
- A rig has been secured, with drilling work to begin next week with up to 18 holes over 6,750 metres
- Drilling is expected to test potential extensions of gold mineralisation east of Cliffs
- The program may be further refined based on the results of a helicopter-based survey that is currently underway
- Eclipse Gold Mining (EGLD) is currently steady at C$0.80 per share
Eclipse Gold Mining (EGLD) is gearing up for a second phase of drilling at its Hercules gold project in Nevada, USA.
Located 40 kilometres southeast of Reno, the project is thought to host four large, near-surface gold systems that may be connected at a deeper level.
The Vancouver-based company has secured a drill rig for the program, which is expected to begin next week with up to 18 reverse circulation holes over a total of roughly 6,750 metres.
Drilling will focus on the potential extensions of known gold mineralisation to the east of Cliffs, as well as the recently defined Hercules Structural Zone which runs north to south through the Northeast and Hercules targets.
Recent drilling efforts have established the strength and continuity of mineralisation at the Hercules Project, intersecting wide intervals of near-surface oxide gold and silver zones in all regions that have been tested to date.
A recent induce polarisation survey also outlined a new zone, dubbed the Hercules Structural Zone, which extends for more than 2,000 metres along strike and remains open for expansion.
Of particular interest, Phase One drilling suggested an increase in the thickness and grade of mineralisation of an epithermal gold and silver system to the south of the project, hinting that the property-wide system could be larger than initially thought.
Warwick Board, Vice President of Exploration at Eclipse Gold Mining, commented on the upcoming program.
“With our new geophysical data refining the geological model of the Hercules Gold system we are excited to begin this phase of drilling, testing high priority targets on the property.
“The new data indicates that the Hercules system may be a large-scale epithermal gold system where only the outer edges have been tested by drilling to date,” he said.
Eclipse Gold Mining (EGLD) is currently steady at C$0.80 per share at 12:08pm EDT.