HIGHWAY 50 GOLD GETTING CLOSE TO SULLY 2
HIGHWAY 50 GOLD PROVIDES DRILLING UPDATE FOR MONROE PROJECT
Drill hole Highway 17-003 is currently at a depth of 785 metres and was drilled with HQ diameter core (6.5 centimetres). Management had projected the Sullivan Time interval to be intercepted between 550 metres and 600 metres. The drill hole is currently at 785 metres and is still in the Sullivan mine hangingwall sequence. To management’s knowledge, this package of rocks has not been known to exist outside the Sullivan mine area until this drill hole.
Other holes on the property have not encountered this sequence and have been drilled deeper into the stratigraphic column. A six-metre zone of vented albite fragmental was encountered at 742 meters. A similar style of alteration occurs in the immediate hangingwall of the Sullivan mine. Immediately beneath the albite fragmental are intensely sericitized sediments with veinlets and disseminations of sphalerite and galena (zinc sulphide and lead (II) sulphide) present locally to the bottom of the hole.
Drilling is anticipated to resume within the next six weeks, at which time drill hole Highway 17-003 will be cased to 785 metres and reduced to NQ core (4.5 centimetres). The company has an option to earn a 50-per-cent interest in the Monroe property by spending annual optional exploration expenditures totalling $3-million over the next four years.
This news release has been reviewed by Gordon P. Leask, PEng, president and chief executive officer of the company, and a qualified person as defined by National Instrument 43-101 (standards of disclosure for mineral projects).
About Highway 50 Gold Corp.
Highway 50 Gold is a mineral exploration-stage company led by a team of experienced explorers and deal makers. The company is executing an exploration plan refined over 25 years of experience in Nevada and the Aldridge formation of southeastern B.C. The exploration focus on its projects are a result of what management believes to be breakthroughs in the understanding of north-central Nevada’s crustal architecture and new geological understanding on the Monroe property in B.C.
