Fiore Gold (TSXV:F) today released additional drilling results from operations at its Gold Rock project in Nevada. The results come from an ongoing 60,000 metre program that is designed to provide more insight to the structures at play geologically.
Fiore highlighted 24.4 meters of 2.85 g/t gold in hole GC20-005 from the South Pit area, as well as 15.5 meters of 0.62 g/t gold in hole GC20-009 from the North Pit area, with a further 40.3 meters of 0.70 g/t gold intersected in hole GC20-019 from the North Pit area.
Back in January 2021, drilling operations at Gold Rock were put on hold to allow the backlog of samples to be processed through the assay lab. All RC assays along with assays for 11 HQ core holes are currently with the company. Assay results for the remaining 9 HQ core holes, as well as 15 large-diameter PQ metallurgical core holes are still pending, and are set to be released as they are received.
Fiore’s CEO Tim Warman stated that the company has resumed the original 60,000 meter drilling program, and that presuming drill rig availability stays favorable for the company, they expect to have a steady flow of assay results to provide investors throughout the summer. The overall program has also been slightly expanded to include an additional 14,400 metres of reverse circulation and core drilling.
The company has indicated it intends to provide an updated resource estimate prior to the release of the feasibility study currently slated for Q1 of 2022.
Fiore Gold last traded on the TSX Venture at $1.19.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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