Allied Nevada Gold Corp. (TSX:ANV, AMEX:ANV, NYSE:ANV) provided updates on drilling at the Hycroft mine
As quoted in the press release:
The intercepts encountered in holes 4485 and 4586 began at the base of the current reserve pit and indicate that higher grade sulfide mineralization continues at depth. Both intercepts are located between the previously mined central pit and the Vortex deposit. Hole 4437 is one of the southern-most holes drilled in 2012 and indicates continuity of mineralization at depth to the southwest. Hole 4457 was drilled below the historic Brimstone waste rock facility and has not been previously explored. This facility is planned to be moved in the current life of mine plan. The hole contained two intercepts, the first of heap leach material and a longer intercept of mill material and indicates western extension of the current Brimstone mineralization.
Allied Nevada’s V.P. of Exploration, Dave Flint, said:
This is the first time we have encountered higher grades this far west in the deposit.