Business
Stallion Discoveries Begins Geophysical Survey on Richmond Mountain Gold Project in Nevada
VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is
About this update from Stallion Uranium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Stallion Discoveries Corp. (the \"Company\" or \"Stallion\") (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to report the commencement of a ground mobile MT geophysical survey over the Company’s Richmond Mountain gold project, located on the southern end of the Eureka-Battle Mountain trend in Nevada. Stallion’s Richmond Mountain property is located outside of the town of Eureka, Nevada, straight east of the Ruby Hill project held by i-80 Gold as shown in Figure 1 below. The Richmond Mountain project has been underexplored largely due to a cover of overlying colluvium and volcanics above the Graveyard Flats intrusive, shown in Figure 2 below. By implementing the modern geophysical surveys utilized with success by i-80 Gold, Stallion looks to take key steps forward in understanding the structure of mineralization at Richmond Mountain. Figure 1 – Richmond Mountain Project Map “We are thrilled to kick off our exploration program at Richmond Mountain, using Quantec’s TITAN MT system”, stated William Breen, President of Stallion Discoveries. “Our neighbors have been having phenomenal success in the district and geophysics have been a cornerstone in their drill targeting. With the great drilling results recently completed within the Graveyard Flats intrusive next door at Ruby Hill, outlining the contact areas on our project will be essential for developing future drill targets.” Figure 2 – Richmond Mountain Geology Stallion believes the Graveyard Flats intrusive is a key mineralizing structure in the area and it extends onto the western edge of Stallion’s Richmond Mountain property. The geophysical MT survey will be instrumental in locating the contact between the Graveyard Flats intrusive and the Paleozoic carbonate rock formations that are present under overburden and post mineralized volcanics. On August 2, 2023, i-80 Gold Corp issued a news release announcing a new high-grade discovery of 45.5 g/t gold and 50.2 g/t silver over 17.5 meters within the Graveyard Flats intrusive. The significance of the i-80 news is the understanding of the importance of the Graveyard Flats stock as a multi-phase intrusive, with younger phases primarily responsible for mineralization at Ruby Hill. Historical exploration programs did not consider the Graveyard Flats intrusion as a host fo...