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Allied Nevada Gold Releases Assay Results from Hycroft Mine, Nevada

Allied Nevada Gold has reported latest drilling results from the current exploration program at its Hycroft mine near Winnemucca in Nevada.

The Company has executed a north-south oriented infill drilling program in the Vortex zone. It has drilled previously on an east-west drill prototype, to analyze the grade and stability of mineralization. Allied Nevada has verified through drilling that the mineralization is tabular and dispersed in nature. It has intersected 1.4 g/t gold and 36.8 g/t silver over 190 meters.

Additionally, the Company has cut 1.0 g/t gold and 52.5 g/t silver over 142 meters in hole H11-3430 in the Vortex and Albert zones. Allied Nevada has undergone further drilling in this area. It has encountered 0.9 g/t gold and 23.0 g/t silver over 117 meters in Hole H11-3765.

The company has confirmed the presence of significant amount of resource potential at Hycroft. This latest step-out drilling has continued to support the extension of Vortex mineralization. The mineralization in Hycroft remains open to the west, north, south, and at depth. The company also discovered a number of drill targets outside the present resource area that has to be analyzed.

Allied Nevada geologists have collected the drill samples on-site and estimated and will ship to ALS Chemex's assaying laboratories in Nevada.

Source: http://www.alliednevada.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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