NEVADA – Drilling at the Indian Ranch project 75 km from Carlin has encountered a significant gold zone. A core length of 9.1 metres grading 1.74 g/tonne Au was returned from a hole within a broad gold zone, 102 metres thick and grading 0.35 g/tonne at a downhole depth of 426 metres.
The Indian Ranch project is a joint venture of Vancouver-based WHITE KNIGHT RESOURCES and PLACER DOME US, which is earning a 60% interest and acting as operator of the project. Placer Dome is following up on this discovery by planning as much as 2,400 metres of additional drilling.
The mineralization is hosted within the upper Roberts Mountain formation, which hosts the Pipeline and lower portions of the Cortez Hills deposits. The thickness of alteration, as well as mineralization, is consistent with many of the larger Carlin-type gold deposits, according to White Knight. Two other holes on the property were unmineralized.
Readers can find complete information on the Indian Ranch project at www.WhiteKnightRes.com.