New Placer Dome (TSXV:NGLD) has reported assay results for the initial nine reverse circulation drill holes completed during 2020 at its flagship Kinsley Mountain gold project in Nevada. Eight of the nine drill holes had significant gold intercepts and included 6.1m of 10.22 g/t gold. The recently completed drill campaign comprised 49 drill holes totaling 17,970 metres and tested five target areas within the greater resource area.
New Placer Dome Gold Corp. Expanding Gold Mineralization at its Kinsley Project in Nevada – READ THE NEWS HERE.
Assay results from the remaining 40 holes are still pending. Drill holes were selected to test extensions to existing resource areas as well as undrilled, high conviction targets and the latest results have the potential to increase mineral resources in several different zones. Kinsley Mountain hosts Carlin-style gold mineralization and currently has an indicated resources at the Western Flank Zone of 302,000 ounces of gold grading 6.11 g/t gold.
“We are extremely encouraged by the results from the initial nine Kinsley drill holes, which reinforce the exceptional exploration potential of the Kinsley Mountain Project.”– Max Sali, CEO and founder of New Placer Dome