Eclipse Gold Mining (EGLD-V) has received assays of up to 0.81 gram of gold per tonne over 89.92 metres at its Hercules gold project in Nevada. The assays are from a 12-hole program that tested the Hercules, Cliffs, Loaves, Northeast and Rattlesnakes targets. Eleven of the holes returned oxidized mineralization and all five targets produced gold.
Mr. Allen, president and CEO, was delighted by the assays, cheering that the Hercules project "is beginning to take shape as an exciting new gold district on Nevada." In his next breath, having warmed to the promotional challenge, he deemed Hercules to be "a truly remarkable project, potentially representing an almost ideal combination of scale, location and grade."
Mr. Allen launched Eclipse as a public company in mid-February and since then, he and his crew have been busy exploring and promoting Hercules, which the previously private company had acquired last summer, based on historical drilling that had generated assays of up to 2.96 grams per tonne over 54.86 metres, and signs of semi-continuous -- as in discontinuous -- mineralization across an area 2.5 kilometres long and two kilometres wide.
Business Reporter |
