Widely spaced drilling at the Antone Canyon gold property in central Nevada has returned disappointing values for
The latter spent almost three months mapping and sampling the project, situated 8 miles southeast of the Round Mountain mine, finishing up with five shallow angle holes totalling 1,800 ft.
Highlights include hole 2, which encountered high-grade mineralization consisting of 7.6 ft. grading 0.28 oz. gold per ton in the North structure. Hole 4 cut 49 ft. of 0.048 oz. gold in a new structural zone, including 8.8 ft. of 0.095 oz. gold.
The partners believe the higher-grade portions of these structures are near feeder zones and that the lower-grade portions represent stratabound silica-replacement mineralization in carbonates.
No significant mineralization was encountered in holes 1, 3 and 5, though the drilling extended known mineralized structures to a length of 7,000 ft.
North, which was earning a 75% interest in the 164-claim property, will not continue exploration, leaving Royal Standard looking for a new partner.
Royal Standard still holds the Pinon gold project in the southern Carlin trend of northern Nevada, as well as a majority interest in the Bend copper-gold massive sulphide deposit in Wisconsin.
Recently, the company began evaluating platinum-palladium prospects in the western U.S. It plans to begin staking claims and negotiating exploration agreements in the first quarter.
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