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Fletcher Junction drill results identify new gold-bearing hydrothermal system, and confirm water chemistry exploration concept
MONTREAL, June 23 /CNW Telbec/ - Nevada Exploration Inc. (TSX-V: NGE) ("NGE") is pleased to annou...
About this update from Urz3 Energy Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, June 23 /CNW Telbec/ - Nevada Exploration Inc. (TSX-V: NGE)\n("NGE") is pleased to announce completion of phase I reverse circulation (RC)\ndrill testing of its Fletcher Junction property. Management is pleased to\nreport that all 9 drill holes completed to target depth encountered\nhydrothermally altered rocks containing geochemically anomalous gold and\ngold-associated trace elements, as well as anomalous gold and trace-element\ngroundwater chemistry. The bedrock, the alteration, and the suite of\ngold-associated trace elements are similar to those found at the nearby Aurora\nmining district, noted for historic, high grade underground production. NGE\nbelieves the first phase drilling results at Fletcher Junction justify a much\nlarger, phase II drilling program specifically designed to intersect ore-grade\nmineralization in what appears to be the center of the large hydrothermal\nsystem.\n\n\nWhile significant intervals of potentially ore grade mineralization were\nnot encountered in phase I drilling, management believes that the results at\nFletcher Junction are substantive in that they demonstrate how NGE has used\nits unique and proprietary groundwater exploration technique to discover a new\ngold-bearing, hydrothermal system in a covered bedrock setting. Commenting on\nthe results, Wade Hodges, President & CEO, said: "What we have done at\nFletcher Junction is use our water chemistry technology to identify and vector\ninto a previously undiscovered, gold-bearing hydrothermal system where only\nunaltered basalt covering alluvium were known to exist previously. This is an\nimportant milestone for NGE and the advancement of our exploration concept. We\nare very excited to follow-up on similar gold in groundwater anomalies at our\nother 10 properties where we will not be faced with the technical and\nlogistical challenges of targeting beneath and drilling on top of basalt."\n\n\nABOUT FLETCHER JUNCTION DRILLING\n\n\nFletcher Junction is the property of merit described in the NGE filing\nstatement dated February 16, 2007, produced as per National Instrument 43-101\nand available on www.sedar.ca. This report is in the process of being updated\nwith the technical results of phase I drilling, results are summarized below.\n\n\nThe Fletcher Junction target was identified by sampling highly...