A 10-hole exploration program is halfway complete on the Nevada Chance “East” claim block, some 60 miles north of Lovelock, Nev. The gold project is a joint venture between LAC Minerals (TSE) and Norgold Resources (VSE). The property is adjacent to the producing Lewis-Crofoot gold mine owned by Hycroft Resources (VSE), and the Rosebud gold property, a joint venture between LAC and Equinox Resources (TSE).
The drilling program on the Nevada Chance claims was designed to test three targets identified by preliminary geologic, geophysical, and geochemical work.
Preliminary results from hole RL-113 returned a 170-ft. intercept, from 395 ft. to 565 ft., grading 0.072 oz. gold per ton. Complete results from the first five holes are expected shortly.
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