Drilling And Modeling Showcase Flat Lying And Shallow Nature Of Gold Mineralization
VANCOUVER - Gold Basin Resources Corporation reported the completion of 3D modeling of the mineralized structures at the Cyclopic deposit located within its 100%-owned Gold Basin oxide gold project, located in north-western Arizona.
Chief Executive Officer, Michael Povey, said, "We are pleased that the drill hole interpretation and 3D modeling has confirmed both the continuity and flat lying structure of the gold mineralization at the Cyclopic deposit, and the stacked nature of these layers extending from surface provides strong support for a potentially low-cost, low-strip open pit mining operation. In addition, drill hole interpretation and 3D modeling has identified logical targets for additional drilling that have excellent potential for expanding the zones of gold mineralization."