Highway 50 Gold (HWY-V) Apr 11, '18 has completed three drill holes at the Monroe project located in southeastern British Columbia. The drill holes were located to test for extensions of the lead-zinc mineralization encountered in drill hole HWY-16-1, stratigraphically located at the base of the Sullivan mine sequence.
All three drill holes encountered strata-controlled lead-zinc mineralization at the same stratigraphic interval as drill hole HWY-16-01. To date, the strongest mineralization occurs in HWY-16-01, with the distribution of mineralization in the drill holes giving management a clear vector as to the suspected centre of the lead-zinc system. Drill hole HWY-16-02 was re-entered but was not completed to the projected target depth due to significant downhole difficulties. At this point, the size of the lead-zinc footprint is roughly 800m x 400m and remains open in two directions. The mineralized zone drilled to date may represent the distal expression of a significant lead-zinc deposit.
The company intends to continue drilling at Monroe, weather permitting. The next drill hole, HWY-18-07, is aimed to intersect a pierce-point approximately 500 metres southeast of the bottom of HWY-16-01. The company has an option to earn a 50% interest in the Monroe property by spending annual optional exploration expenditures totalling $3,000,000 by May 2021. The company has spent over $1,000,000 on the project to date.
The scientific and technical disclosure in this news release has been approved by Gordon P. Leask, P.Eng., President and CEO of the company, and a Qualified Person as defined by National Instrument 43-101 (Standards of Disclosure for mineral Projects).
For additional information:
Gordon P. Leask, P.Eng. or John M. Leask, P.Eng.
Tel: 604.681.4462
Email: gord@highway50gold.com or jml@highway50gold.com
highway50gold.com
About Highway 50 Gold Corp.
Highway 50 Gold is a mineral exploration stage company led by a team of experienced explorers and deal-makers. The company is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge Formation of southeastern B.C. The exploration focus on its projects are a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture and new geological understanding on the Monroe property in B.C. |
