Great Basin Gold reported trial mining in the Blanket Zone above the Main Clementine vein No. 18 at its Hollister project in Nevada had encountered bonanza grades of gold and silver. The company cautioned that it was releasing the information because word of the find might be getting around locally in the region of the mine site, but that more work would be needed to determine the significance of the find.

Channel sampling encountered the bonanza grades over a strike distance of 170 ft. Channel samples taken every 10 ft gave values ranging from a low of 1.5 oz/st gold and 3.2 oz/st silver to a high of 2,560.4 oz/st gold and 1,829.8 oz/st silver over channel widths ranging from 0.3 to 2 ft. Diluted over 3.5 ft (the width of the stope development), the average sample values were 66.4 oz/st gold and 78.5 oz/st silver.

Great Basin President and CEO Ferdi Dippenaar said, “In the past, we have identified the Blanket Zone as a target area worth exploring, and trial mining at the top of vein No. 18 has turned out to be a great way to test the prospective nature of this style of mineralization. Although we have encountered a limited amount of this high-grade material through trial stoping, drilling is under way to determine the full extent of mineralization.” More information will be made available as and when it becomes available.