Paycore Minerals (TSXV: CORE) this morning released the latest drilling data from its completed phase one drill program at the FAD Property in Nevada. Results from a single hole were released this morning.
Highlights from the result include:
- GH21-04: 11.53 g/t gold equivalent over 25.0 metres, consisting of 1.96 g/t gold, 92.61 g/t silver, 1.26% lead, 7.45% zinc, at a depth of 683.4 metres
- GH21-04: 13.41 g/t gold equivalent over 1.8 metres, consisting of 3.2 g/t gold, 204 g/t silver, 6.86% lead, and 7.62% zinc, at a depth of 720.24 metres
The result is the sixth assay result to be released from the firms phase one, eight hole program. Two assays remain pending. A phase two program is now underway as well, which is expected to consist of an additional 3,800 metres of drilling.
“The assay results from hole GH21-04 further confirm high-grade mineralization on the FAD Main Zone, which is proximal to the existing FAD Shaft. We will continue to drill the mineralized footprint while further testing the step-out potential as we have successfully done with the drill results announced to-date,” commented CEO Christina McCarthy.
The deposit itself is said to have a footprint of roughly 1.5 kilometres by 1.5 kilometres, while remaining open in multiple directions. Multiple extensions of the deposit are said to be largely untested, while near-surface oxide mineralization is also present that was previously overlooked by prior operations.
Paycore Minerals last traded at $1.22 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
