Nevada Gold Mining Interest Shifts to Higher Grade Feeder Zones
Posted on: Wednesday, 3 August 2005, 09:00 CDT
Evolving Gold Corporation CEO Hopes to Repeat Success of Goldstrike and Sleeper High Grade Gold Discoveries
SARASOTA, Fla., Aug. 3, 2005 (PRIMEZONE) -- Veteran minerals exploration geologist and Chief Executive of Evolving Gold (OTCBB:EVOGF), Dr. Lawrence Dick sees a shift in Nevada gold mining. Instead of the typical low-grade bulk tonnage open pits, which define the world's third largest gold producing area, his company is now pursuing the higher grade feeder zones, hoping to find the higher gold grades found at Goldstrike or the former Sleeper gold mines. Dr. Dick told StockInterview.com, "In Canada, for example, most of the veins of gold deposits that have become underground mines are normally running on the order of 0.3 to 0.5 ounces per ton over 1.5 meters to two meters width. This can constitute an economic grade for these deposits."
In a recent StockInterview.com interview, Dr. Dick cited a high grade drill intersection of more than 2 ounces of gold per ton over five feet, discovered on Evolving Gold's Winnemucca Mountain property, as the compelling reason for a new drilling program in the company's Swordfish Extension Zone.
"We're looking for a high grade, vein-hosted gold deposit, much like the feeder zone at the Sleeper deposit."
From the time Santa Fe drilled Winnemucca Mountain until now, numerous low grade deposits were found to have feeder zones into them comprised of much higher grades of gold.
"Most of their structures are veins," he said. "You can only explore for those types of deposits by drilling angle holes and, normally, core holes."
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Copyright © 2005 PrimeZone Media Network, Inc.
Source: PrimeZone Media Network
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