Highway 50 Gold (HWY.V) has now started the 5,000 meter Phase I drill program on its Gold Knob gold project in Nevada. Most holes will range from 180 meters to 425 meters, which means that a total of 10 to 15 holes are expected to be drilled.
The drill program is designed to test the gold mineralization in the Valmy and Comus rocks, the same rock types as in the Turquoise Ridge district. The technical team of course hopes to validate its interpretation that “a major gold system exists at depth”.
Disclosure: The author has no position in Highway 50 Gold. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
