Ramelius Resources has finished a phase II drill program at Miranda Gold’s Big Blue, which is a gold project that houses sediments in Nevada and obtained all the analyses. The phase II drill program included 580.6 m of reverse circulation (RC), totaling three angle RC holes.
The phase II program continually examined the phase I drilling area, which has surface samples up to 58.2 g/t gold in rocks and up to 0.850 g/t gold in soils. The phase I drill program was delayed last March, because of mud and snow covered access roads. Holes drilled during both the phases were planned to cross the northern trends of alteration and structure. The company completed all the holes due to caving over the depth of the target of around 460 m. Total drilling area for the phase I and II is 1325.9 m.
During the phase I program, the company has intersected 6.110 g/t gold over 1.5 m in the hole BBR11-01, 0.624 g/t gold and 0.515 g/t gold over 1.5 m in the hole BBR11-02, 1.135 g/t gold over 1.5 m, 1.491 g/t gold over 7.6 m in the hole BBR11-03, 0.573 g/t gold over 1.5 m, 0.617 g/t gold over 6.1 m in the hole BBR11-04. During phase II drilling, Ramelius has cut 0.406 g/t gold and 0.375 g/t gold over 1.5 m in the hole BBR11-05.
BBR11-05 hole’s pathfinder elements have demonstrated an increase in the high anomalous values.
The geologists from Ramelius and Miranda are confident that the roughly 10 fold raise in the pathfinder elements of the hole BBR11-05 may be a sign of excellent gold grades at depth.