Cayden Resources has announced the additional assay results of eight step-out holes drilled through reverse circulation at the Quartz Mountain property. The property is situated near Fallon at Nevada in US.
The results followed the prior results obtained from the initial holes of the property that yielded significant silver grades and base-metal mineralization values. Currently, results have been obtained for 24 holes drilled over an area of 350 x 150 m. Intercepts over 30 g/t Ag and an excess of 1% Zn and Pb together, were obtained from most of the 24 holes and in eight step-out holes, around 0.97 g/t of gold at 4.6 m was intersected.
In hole QM-0023, 1.89% Pb, 2.73% Zn, 0.32% Cu, 0.3 g/t Au and 119 g/t Ag were intersected at 18.3 m. In hole QM-0017, 3.56% Pb, 1.45% Zn, 0.33% Cu, 0.97 g/t Au and 198 g/t Ag were intersected at 4.6 m and in hole QM-0022, 3.08% Pb, 0.34% Zn and 96 g/t Ag were intersected at 10.6 m.
The company is going to complete the first phase of the drilling program and is waiting for the results from four more holes. After obtaining the results from all holes, it will frame a geological mineralization model for the property and will proceed further for the next phase of drilling. The company is starting a soil-sampling program for analyzing the mineralization in other regions of the property including ancient mine workings that showed high-grade precious metal values and base metal values from dump grab samples, which coincides with trends and geophysical anomalies.
Source: http://www.caydenresources.com