Allied Nevada Gold has released the final drilling results of the 2011 season from the Hasbrouck project in Nevada.
The latest assays have shown the mineralization expansion on the hill’s eastern part and continuity between the Crossroads and Franco zones.
The company’s drill program has validated and expanded the Franco Zone mineralization, and made a link between the Franco and Crossroads zones. Allied Nevada intercepted mineralization on the eastern and southern sides of the hill.
It drilled the hole 99 from the Franco zone to the Crossroads zone’s western part to fill in the new region. The company intersected 30.8 g/t silver and 8.3 g/t gold over 3 m in the hole 99. It planned to separate the holes 107 and 115 from the core hole 99 and also intended to step out and expand the Franco mineralization. Allied Nevada encountered 1.1 g/t gold and 33.5 g/t silver over 171 m from these holes.
The company has drilled 106 holes, totaling 26,095 m, at Hasbrouck. Initially, the drill campaign has been targeted to resource extension and additional description of the high-grade prospective. Allied Nevada will utilize the information received during the 2011 drilling season in order to finish an updated resource model that will create the base for the preliminary economic assessment.
An epithermal hot-spring system deposits the Hasbrouck mineralization, which is being associated with pervasive oxidation and silicification, along with pyrite and adularia. The high-grade mineralization is present in strongly veined, silicified, and hydrothermally brecciated tuffaceous volcanic and sedimentary rocks. The location of this property is around 50 mi. to the southern part of the Round Mountain open pit mine.