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Thursday, 22nd June 2006 (3285 views)

Underground drilling activity at the Ivanhoe Property near Elko has produced positive results, Great Basin Gold has announced.

Exploration work at the Hollister Development Block Project is being conducted by Hecla Mining Company and has been in progress since February of this year.

President and chief executive Ferdi Dippenaar said: "We are pleased with these results that have been forthcoming from the drilling program at the Hollister Development Block.

"Aside from the obvious grade and thickness information, it will allow for a better understanding of the mineralised structures, as well achieving our objective of converting the high grade gold and silver 'resource' to 'reserve' categories."

So far, the 31 holes to a total of 3,500 metres have been drilled through the Gwenivere, South Gwenivere and Clementine high-grade gold-silver vein systems that are present at the site.

 

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