{"id":880,"date":"2023-11-02T02:03:57","date_gmt":"2023-11-02T02:03:57","guid":{"rendered":"https:\/\/economicherald.net\/?p=880"},"modified":"2023-11-02T02:03:57","modified_gmt":"2023-11-02T02:03:57","slug":"diablo-hits-up-to-5-92-g-t-gold-at-historic-devils-canyon-project-with-a-side-of-silver-and-copper","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=880","title":{"rendered":"Diablo hits up to 5.92 g\/t gold at historic Devils Canyon project, with a side of silver and copper"},"content":{"rendered":"<p>Diablo Resources hits up to 5.92g\/t gold at historic Devils Canyon project in USA<br \/>\nThe maiden drilling is the first at the project since the late 1980\u2019s<br \/>\nFollow up drilling at Southside and Ridgeline prospects planned<br \/>\nFinal assays also pending from King Solomon, where drilling returned 12.28g\/t last month<\/p>\n<p>\u00a0<\/p>\n<p><strong>Diablo Resources has flagged some solid gold and copper hits from the maiden RC drilling program at its Devils Canyon project in Nevada, USA.<\/strong><\/p>\n<p>The project consists of 90 mineral claims covering 6.56 km2 within the Carlin Trend in Nevada that has produced more than 195 million ounces of gold.<\/p>\n<p>It\u2019s also 20km from Kinross Gold\u2019s Bald Mountain gold mine and 40 km from Barrick Gold\u2019s \u00a0Ruby Hill gold mine.<\/p>\n<p>And yet<strong>\u00a0<\/strong><a href=\"https:\/\/stockhead.com.au\/resources\/surrounded-by-tier-1-gold-mines-devils-canyon-is-being-drilled-for-the-first-time-since-the-80s\/\"><strong>this is the first time the project has been drilled<\/strong><\/a><strong>\u00a0<\/strong>since the late 1980\u2019s, when several shallow RC holes returned encouraging results.<\/p>\n<p>The company is off to a great start, with the maiden 10 hole, 855m RC drilling identifying multiple mineralised zones that are open in all directions across the project.<\/p>\n<p>\u201cThis maiden program has provided the impetus for planning and permitting a follow-up drill program to test the potential of these intercepts at depth and along strike,\u201d <a href=\"https:\/\/stockhead.com.au\/company\/diablo-resources-dbo\/\"><strong>Diablo Resources (ASX:DBO)<\/strong><\/a> CEO Lyle Thorne said.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Up to 5.92 g\/t at the Ridgeline prospect<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>Results from the RC drilling testing the Southside, Eastside and Ridgeline prospects include:<\/p>\n<p>3m at 3.02 g\/t gold (including 1.5m at 5.92 g\/t gold) from 9m (Ridgeline prospect);<br \/>\n3m at 2.29 g\/t gold (including. 1.5m at 4.12 g\/t gold) from 50.3m (Southside prospect);<br \/>\n1.5m at 3.7 g\/t silver, 0.25 g\/t gold, 1.10% copper from 7.5m (Southside prospect);<br \/>\n10.5m at 16 g\/t silver, 0.75 g\/t gold from 57.9m (including. 1.5m at 56 g\/t silver, 1.7 g\/t gold, 1.07% copper) from 62.5m (Southside prospect);<br \/>\n10.5m at 12.5 g\/t silver, 0.43% copper from 54.9m (Southside prospect); and<br \/>\n1.5m at 31.2 g\/t silver, 0.69 g\/t gold, 0.65% copper from 41.6m (Southside prospect).<\/p>\n<p>Notably, the Ridgeline prospect returned the highest gold result in the drill program, reflecting the historical surface rock chip sampling results that returned between 1.12-191.5 g\/t gold.<\/p>\n<p>\u201cThese are an outstanding set of initial results from our maiden RC drilling program at Devils Canyon,\u201d Thorne said.<\/p>\n<p>\u201cThe shallow drilling focussed on several prospective areas, targeting high grade surface anomalism, with significant down hole results identifying several mineralised zones, that are open in all directions.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Follow up drilling planned<\/strong><\/h2>\n<p>Further work, including investigating the effectiveness of ground-based geophysics and re-modelling of the 2020 drone magnetic survey are planned to better define identified mineralisation.<\/p>\n<p>This will aid in the planning of follow-up drilling to test the Southside and Ridgeline prospects along strike and at depth, DBO says.<\/p>\n<p>Meanwhile, final assays are pending from the company\u2019s King Solomon project, where results maiden drilling last month \u2013 \u00a0also the first at the project in decades \u2013 included an outstanding <a href=\"https:\/\/stockhead.com.au\/resources\/high-grade-discovery-confirmed-diablo-pulls-up-13m-at-12-28g-t-gold-as-it-drills-to-unlock-the-mysteries-of-king-solomon\/\"><strong>13m at 12.28g\/t gold from 46m<\/strong><\/a>, including 4.1m at 26.26g\/t gold.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>This article was developed in collaboration with Diablo Resources, a Stockhead advertiser at the time of publishing.<\/p>\n<p>\u00a0<\/p>\n<p>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/diablo-hits-up-to-5-92-g-t-gold-at-historic-devils-canyon-project-with-a-side-of-silver-and-copper\/\">Diablo hits up to 5.92 g\/t gold at historic Devils Canyon project, with a side of silver and copper<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Diablo Resources hits up to 5.92g\/t gold at historic Devils Canyon project in USA The maiden drilling is the first at the project since the <a href=\"https:\/\/economicherald.net\/?p=880\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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