Allied Nevada Gold Corp. has provided highlights from recent drilling at its wholly owned Hasbrouck project, located five miles south of Tonopah, Nevada. Recent assay results indicate extension of the previously discovered higher grade Saddle, Franco and Crossroad zones.
To date, Allied Nevada has drilled 26,023 meters in 106 holes at Hasbrouck. The drill program has been primarily directed towards resource expansion and further definition of the high grade potential.
Allied Nevada concluded its second round of follow up drilling at Hasbrouck to define the higher grade zones. This drilling (holes 73, 82, 83 & 91) confirmed continuity of the Saddle Zone to the west including 24 meters of 2.1 g/t Au and 9 g/t Ag (2.2 g/t AuEq).
The program is designed to provide data as the Company works toward completing a resource update and preliminary economic assessment expected to be released in the first quarter of 2012.
"We are excited about the growth potential of this project as our drill program continues to intersect higher grade zones of mineralization," commented Dave Flint, Vice President, Exploration for Allied Nevada. "We are looking forward to completing the preliminary economic assessment and seeing the benefits of recent drilling incorporated to the update in the first quarter of 2012."
Hasbrouck mineralization was deposited by an epithermal hot-spring system and is accompanied by pervasive silicification and oxidization, with associated adularia and pyrite. The high-grade mineralization is hosted in intensely silicified, veined, and hydrothermally brecciated sedimentary and tuffaceous volcanic rocks. The property is located approximately 50 miles south of the Round Mountain open pit mine.