Navaho Gold drills to follow up on Whitehorse Flats gold hits, Nevada

Navaho Gold (ASX: NVG) has commenced drilling at the Whitehorse Flats Gold Project in Nevada, the fourth project to be drilled before the end of the year.

Newly minted Navaho has two rigs operating in the area, and is aiming to complete drilling on five projects in Nevada before the northern hemisphere winter.

The drill program at Whitehorse Flats will follow up on rock chip samples from outcropping, which returned grades ranging from 0.32 grams per tonne (g/t) gold to 1.82g/t gold.

Navaho plans to test the down-dip extensions of outcropping zones of gold anomalous silicification along with structural targets identified from the interpretation of gravity data.

About 1,500 metres of reverse circulation drilling will be completed in 8‐10 holes, with results expected to be received in December.

Stevens Basin drilling completed

In other company news, Navaho has completed a drill program at the Stevens Basin Gold Project, also in Nevada.

This drilling program was designed to test the anomalous gold mineralisation intersected in one hole drilled in June 2011, which returned 15.2 metres at 0.18g/t gold from 35 metres depth.

It also tested a magnetic target with features similar to the 2.23 million ounce Archimedes/Ruby Hill deposit owned by Barrick Gold.

Samples have been submitted for assay, with results pending.

Navaho hits the exploration trail

Since listing on the ASX in April 2011, Navaho has been working hard to explore the projects it has an interest in.

Both the Whitehorse Flats and Stevens Basin projects are subject to farm-in agreements with Columbus Gold (TSXV: CGT), with Navaho able to earn up to a 70% interest in each project.

Navaho CEO Mark Dugmore said, “it is pleasing to see drilling commence on our fourth project in Nevada since listing in April this year. To date 32 reverse circulation holes have been completed and one core hole commenced totalling over 5000 metres and 600 metres of drilling respectively and it is anticipated that before the end of the year Navaho will have completed approximately 45 holes for nearly 9000 metres of drilling on five projects”.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/21432/navaho-gold-drills-to-follow-up-on-whitehorse-flats-gold-hits-nevada-21432.html