Gold Basin Resources (TSXV:GXX) has successfully completed its Q2/Q3 resource expansion and delineation reverse-circulation (RC) drill program in Arizona. The RC program, conducted at the Gold Basin project, involved drilling a total of 22 holes covering 3,640 meters. Fourteen of these holes were drilled at the Stealth Deposit, while the remaining eight were drilled at the Gap Zone.
Colin Smith, CEO of Gold Basin Resources, stated that the Q2/Q3 drill program at Gold Basin has concluded, with promising results indicating broad intervals of near-surface oxide mineralization. The company has reported significant intercepts from the drill program, such as 89.9 meters at 0.49 grams per ton (g/t) gold and 29 meters at 0.58 g/t gold. Additional updates from the program are expected in the coming weeks.
Based in Vancouver, B.C., Gold Basin Resources is focused on advancing its Gold Basin Project in Mohave County, Arizona. Following the announcement, shares of Gold Basin Resources have increased by 10% to C$0.055 as of 10:39 a.m. ET.
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