Oar readying the drillbit to chase Nevada gold, silver potential
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Oar is planning to kick off maiden diamond drilling later this month to test outcropping gold and silver mineralisation at its Douglas Canyon project in Nevada.
Surface sampling of these epithermal veins had returned results such as 18 grams per tonne (g/t) gold and 398g/t silver, 16.2g/t gold and 495g/t silver, and 14g/t gold and 423g/t silver.
Oar Resources (ASX:OAR) plans to drill up to four holes totalling 1,000m with the first two holes targeting known, near-surface mineralised structures while the remaining two holes will be positioned to test down dip depth extensions based on observations from logging of the first two holes.
“We are very excited to have the diamond drilling about to get underway at our high-grade Douglas Canyon gold project in Nevada,” general manager geology Tony Greenaway noted.
“Drill testing of the stand-out targets has been a high priority for Oar, given the exceptional results from our initial outcrop sampling, and the project’s location in the prolific Walker Lane district of Nevada, where there is currently a significant amount of exploration activity occurring.”
The Douglas Canyon project is located in the Camp David/Mina district in southern Nevada, which hosts numerous high-grade gold-silver epithermal projects.
Highlighting this potential, Fortitude Gold Corporation started producing gold from its Isabella Pearl Gold mine just 24km northwest of Douglas Canyon in 2019.
Drilling by Fortitude has also returned results such as 22.86m at 13.55g/t gold from 4.6m at the East Camp Douglas project that is adjacent and south of Douglas Canyon and 15.24m at 3.86g/t gold from surface at the nearby Mina gold project.
Gold mineralisation in the district is hosted in northwest trending shear hosted epithermal quartz veins similar to those mapped at surface at Oar’s Douglas Canyon Project.
This article was developed in collaboration with Oar Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.