Sierra Nevada Gold (ASX: SNX) has identified visible gold in one of its recently completed reverse circulation (RC) holes at the New Pass Gold Project, Nevada, USA.
Drill hole NP006RC, drilled to test the southern extension of the Thomas West (Thomas W) vein below the historic Thomas W mine, successfully intersected what is interpreted to be the main Thomas W vein between 274.32m and 275.54m.
While assays are not yet available, encouragingly SNX identified visible gold within this quartz vein dominated interval. Results from NP006RC are expected in Q1 CY2023.
SNX completed six holes of its planned 16-hole programme at New Pass before drilling was suspended due to inclement winter weather. Drilling will resume as soon as practical after the winter weather conditions have passed.
“Identification of visible gold in NP006RC by our geologists some 85m below the Thomas West mine is highly encouraging and follows our intersection of 1.22m at 26.7g/t gold in NP001RC, drilled beneath the Superior Mine,” Executive Chairman Peter Moore said.
“We are building on our belief that New Pass, which previously produced an estimated 40,000oz gold, has the potential to host a high-grade gold system.
“We look forward to receiving the assay results from NP006RC in Q1 CY2023 and resuming our drilling program at New Pass once winter weather clears.”
Next Steps
SNX expects the remaining assay results from this first programme of RC drilling to be returned during Q1 2023, with the resumption of drilling to commence 2023 once weather conditions allow.
SNX is continuing work on the project, including detailed 3D infrastructure and void modelling of historic workings, together with geomechanical investigations. Once these studies are complete and the mine workings declared safe, SNX will commence a program of detailed underground mapping and sampling of available ore positions with a view to confirming the historic estimates of past production and prospective remaining remnant mineralization.
The New Pass Project is prospective for vein-style gold deposits and jasperoid-hosted Carlin-style gold deposits within the NW orientated Austin Trend. The Austin Trend is south of, and parallel to, the prolific Carlin and Battle Mountain Trends of central Nevada.
For further information please visit: https://sngold.com.au/
