Oct 18 2010
Challenger Deep Resources Corp. (TSX VENTURE:CDE) has announced that drilling operations are set to commence on its Red Rock, Nevada gold property. Challenger acquired the Red Rock gold property as a part of its Qualifying Transaction in November 2009. Over the past year Challenger has conducted geological, geophysical and geochemical work on the property.
Challenger has selected two initial target areas on which to complete reverse circulation drill holes. The targets are coincidental to the Caetano Break, a structural element that controls alteration and anomalous metal geochemistry. The targets have been refined using the anomalous gold and trace element rock and soil sampling and the gravity work completed earlier in the year.
The vertical drill holes are estimated to be 1500 feet each and will test the lower plate Roberts Mountains carbonate rocks. Once the holes are completed Challenger will have them cased to allow for the subsequent deepening of the holes by diamond drilling, if deemed appropriate. Sampling of prospective alteration and mineralization will be assayed for gold. Drilling operations are scheduled to commence this week and the drilling program is estimated to require approximately three weeks for completion with a further two to three weeks for assay results.
The Qualified Person (as defined by NI 43-101) responsible for the review and approval of the technical material presented in this news release is Mr. Garry Clark (P. GEO), a Director of the Company.
Source: Challenger Deep Resources Corp.