2020 Bolo Gold Project Reverse Circulation Drill Program
VANCOUVER, BC - New Placer Dome Gold Corp. reported plans for its 2020 Bolo Gold Project reverse circulation (RC) discovery drill program as follow-up to its 2019 exploration campaign at Bolo comprising 10 holes totaling 1,838 metres (m), and 10.2 line-km induced polarization (IP) / resistivity survey. The 2019 drill program yielded long gold-oxide intercepts from surface and generated the discovery of new zones including anomalous silver values. The new drill plan has the potential to generate a significant mineralized area as a path towards a future mineral resource estimate.
For 2020 New Placer Dome has planned an initial 12 high-priority RC drill holes at Bolo totaling approximately 3,500 m targeting the Mine Fault and other mineralized structures that host the South Mine Fault, Uncle Sam, and Northern Extension mineralized gold zones.
Drilling at Bolo will focus on testing Carlin-style gold mineralization at depth in the South Mine Fault Zone where gold-silver mineralization remains open and untested along strike and at depth. The 2020 program will expand and step-out on results from the 2019 program including: 84 metres of 1.37 g/t gold in hole BL19-011, and; 122 metres of 1.2 g/t gold in hole BL19-041, & New discovery of 12.2 metres of 3.32 g/t gold in hole BL19-042.
The 2020 program will also test the continuity of mineralization between the South Mine Fault Zone and Uncle Sam Silver Zone, where a 2019 outcrop sample yielded 3.63 g/t gold with 262 g/t silver.
The combined 2019 and historical RC drilling at Bolo defines a 1.2 kilometer north-south trending corridor of gold-silver mineralization containing the South Mine Fault Zone, Uncle Sam, and Northeast Extension zones. Gold mineralization at Bolo exhibits characteristics of classic Carlin-type mineralization, including strong subvertical structural control in addition to evidence of gold mineralization extending laterally at low angles within favorable silty carbonate units. The relatively untested 500 m strike length South Mine Fault-Uncle Sam segment is particularly prospective and is the main focus of New Placer Dome's 2020 exploration designed to prove-out these compelling structural and stratigraphic gold targets.
Mobilization of the drill and ancillary equipment is scheduled for mid-July, with drilling commencing shortly thereafter.
Maximilian Sali, CEO and Founder said, "We are extremely excited to get back to work at Bolo. Based on our highly successful 2019 RC drill campaign, which yielded some of the highest grade oxide gold results in Nevada last year, our technical team has made significant advances in their understanding of the structural and stratigraphic controls on gold mineralization at Bolo. We're now in a position to leverage last year's exploration successes into an expanded 2020 Bolo Gold Project drill program almost twice the size of our 2019 program that has the potential scope to deliver another significant new gold discovery."