Vancouver – A first-phase exploration program by Nevada Pacific Gold (NPG-V) has outlined widespread, skarn-related, copper-silver-gold mineralization at the Bat Ridge project near Milford, Utah.
The property covers a large granodiorite intrusion resulting in widespread metamorphism and the introduction of base and precious metals. The area of interest was discovered by a previous operator that carried out a program of mapping, a ground magnetic survey and limited drilling.
Nevada Pacific’s recent exploration program defined an area of anomalous values measuring 600 feet wide by 1,500 feet long. An airborne magnetic survey shows that the trend appears to continue under pediment cover for about 8,000 feet.
The sampling program returned encouraging results, including copper values from 35 samples ranging from 0.13% to 8.67%. Silver values from 27 samples ranged from 0.16 to 5.4 oz., while 11 gold values ranged from 0.01 to 0.074 oz., with one sample of 1.23 oz.
The company plans to further test the property with a reverse-circulation drilling program of at least 10,000 feet later this summer.Nevada Pacific also has several advanced projects in Nevada’s famous gold districts, with several optioned to major companies. It also operates the Magistral open-pit, heap-leach gold mine in Mexico’s Sinaloa state. Production in fiscal 2005 is estimated at about 30,000 oz. gold at a cash cost of US$250 per oz., and could grow to 65,000 oz. annually over several years of the mine’s projected 7-year mine life.
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