Recent drilling on the Golden Eagle property, formerly known as the Flowery mine, returned a 60-ft. intersection from 110 ft. to 170 ft., grading an average of 1.08 oz. gold per ton.
The Golden Eagle property, south of Reno, Nev., is owned 60% by Miramar Mining (VSE) and 40% by American Eagle Resources, a 16% owned subsidiary of Miramar.
Miramar expects to bring the former heap leach mine back into production by Aug. 1, at a planned production rate of 40,000 tons per month. The company recently purchased all the production equipment required for the operation and started stripping operations on the Lady Bryan pit on July 1. Previous drilling on the property outlined a diluted minable reserve of 1.01 million tons grading 0.063 oz. gold and 0.46 oz. silver with a strip ratio of about 3-to-1.
The current drilling program is part of a 7,000-ft. program designed to expand the pit limits.
The high-grade hole (FE-9) also intersected 20 ft. from 45 ft. to 65 ft. grading 0.14 oz. gold per ton. The hole is in what was previously considered waste, just outside the boundary of the current pit.
Included in the 60-ft. intersection grading 1.08 oz. gold, a 5-ft. interval from 145 ft. to 150 ft. returned a grade of 10.50 oz. gold.
Hole FE-10, about 50 ft. to the west, intersected 50 ft. grading 0.052 oz. gold from 10 ft. to 60 ft.
John McCluskey, a spokesman for the company, said the drilling is now stepping out 20 ft. in all directions to further test the area of the high- grade intersection.
Assays for hole FE-1 through FE-8 have not yet been received.
Be the first to comment on "Miramar pulls high-grade intersection"