Ongoing Drilling At The Cyclopic Deposit

VANCOUVER - Gold Basin Resources Corp. reported on the Phase II Drilling Program at the Cyclopic Deposit, and on the maiden drill program at the Stealth Deposit on the Gold Basin oxide gold project in North-West Arizona. 60 reverse circulation (RC) holes, totaling 7,018m completed since February 2022 – 35 holes at the Cyclopic Deposit for 3,277m; 25 holes at the Stealth Deposit for 3,741m. Samples have been sent to ALS for analysis with a continuous flow of results expected over the next 3 months. Drilling is ongoing with an additional 60 holes planned at various high priority targets across the Property, with a focus on extensions to the Cyclopic and Stealth deposits.

Charles Straw, President, said, “The Phase II drill program at the Cyclopic oxide gold deposit builds on the success of the Phase I program drilled in 2020 and 2021. It is focussed on expanding the gold mineralization across strike in undrilled areas and filling in data gaps to improve drill data density. These initial results are very promising and continue to demonstrate the deposit still remains open in all directions.”