- GGL Resources (GGL) has received an amended exploration permit for its Gold Point Project
- The Vancouver-based mineral exploration company now expects to begin exploration and drill work in late September
- The drill program consists of a fence of six reverse circulation holes, totalling approximately 1,800 metres
- The goal of the drilling is to evaluate the high-grade and bulk tonnage potential of multiple, closely spaced veins
- GGL Resources is unchanged, trading at $0.085 at 11:05 am ET
GGL Resources (GGL) has received an amended exploration permit for its Gold Point Project.
The Vancouver-based junior mineral exploration company now expects to begin exploration and drill work in late September.
The project is located in the Walker Lane Trend of Western Nevada.
The drill program consists of a fence of six reverse circulation holes, totalling approximately 1,800 metres, drilled along a 525-metre section line through the core of the property.
The goal of the drilling is to evaluate the high-grade and bulk tonnage potential of multiple, closely spaced veins that are bisected by the section line. The section line crosses the surface projections of three past-producing veins.
Soil geochemical surveys completed in the spring identified linear gold-in-soil anomalies that correspond to the known veins and several previously undocumented occurrences along the planned drill section.
Historic mines on the property operated intermittently from the 1880s to the early 1960s, producing gold and silver from mesothermal veins.
In April, GGL secured a work permit for the rehabilitation of shafts at the Orleans Mine, the largest of four former producers on the Gold Point Property.
GGL Resources is unchanged, trading at $0.085 at 11:05 am ET.
