Punchline Resources, an emerging mineral resources firm, has reported that an exploration work campaign has been started at the Empress property, which is situated about 26 mi. towards the southern parts of Goldfield in Nevada.
A qualified geologist has been sent to the property in order to carry out a sampling campaign that focuses on historic mine works and surface exposures of potential quartz veins containing silver and gold, and additional altered rocks.
According to Punchline Resources’ President and CEO, Ramzan Savji, the company finds exciting opportunity in this Empress property, due to great exploration upside potential and extensive history of production in the regional area, but also because of the location of the property and qualified mining experts, who are readily available to move to the project.
He added the company’s staff are working at the mine locations and collect fresh samples of the property’s historic work and mapping in order to discover potential targets for a drilling campaign to examine the possible gold-silver bearing veins. The company is expecting to receive preliminary sample results from a third-party testing unit in two weeks.
The two historical mines, the Wonder mine and Empress mine, located in the property are made with seven horizontal adits. The Empress Mine was particularly identified during 1860s.
Though previous production was documented poorly, remains of stone and mill foundations exist. The Wonder mine is situated 2,000 ft towards the southwestern part of the Empress mine and was worked during the 1930s and has easily accessible workings in comparison with the other mine. Several other workings are caved. Historic mining and exploration work seems to show two potential silver-gold vein target areas situated at the property. The company will conduct warrant follow-up and potential diamond drill campaign in order to examine continuity and grade of mineral at depth.
Source: http://www.punchlineresources.com/