Global Geoscience to commence drilling in Nevada

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THE DRILL SERGEANT: Sydney-based diversified mining company Global Geoscience is set to commence drilling at its Excelsior gold project in Nevada.

The company indicated it is planning to carry out about 2000 metres of Reverse Circulation drilling to follow-up a number of previous drill intersections.

The drilling will also test several new targets Global has identified since acquiring the project that have not been previously drill tested.

Several of the holes are planned for the Buster zone where drilling by previous explorers has yielded a number of significant intersections at shallow depths.

According to Global the mineralisation at Buster is open along strike and at depth.

Previous intersections attained at Buster include:

– 33 metres at 2.7 grams per tonne gold from 70m including 18m at 4.7g/t gold

– 15m at 2.5g/t gold from 0m

– 6m at 5.4g/t gold from 43m

– 47m at 1.5g/t gold from 71m, including 7.6m at 3.9g/t gold, 8g/t silver

The Excelsior project covers a zone of gold mineralisation more than three kilometres long and 200m to 400m wide, hosted within strongly altered calcareous sediments and limestone.

Since entering into an agreement on the Excelsior project in March, Global has completed extensive surface work including a three square kilometre Induced Polarisation (IP) geophysical survey, geological mapping, re-logging drill chips and the collection of more than 800 geochemical samples.

This work has allowed the company to the identify three other targets – none of which have been subjected to previous drilling.

“Work completed by Global to date at Excelsior indicates the presence of a large and extensive mineralised system, and only a relatively small area – the Buster zone – has been tested by drilling,” Global Geoscience managing director Bernard Rowe said in the company’s ASX announcement.

“Given the very encouraging drill results at the Buster zone to date, we are very excited about drill testing the targets we have identified.”

Global can earn a 70% interest in the Excelsior project by spending $3 million on exploration over four years and making cash payments totalling $100,000.