The first four drill holes completed on the Nugget Pond project, owned by Bitech Energy Resources (ASE), has returned strong gold values. Drilling on the new discovery in Newfoundland’s Betts Cove area, cut 8.5 ft grading 1.66 oz gold per ton, 6.6 ft assaying 0.71 oz gold and 6.6 ft grading 0.35 oz gold. Two other intersections came in at 0.17 oz gold across 5.6 ft and 0.11 oz gold a 6.6-ft section.
The drill program is testing a mineralized zone which yielded good gold values in channel sampled trenches last summer. The zone remains open along strike and at depth.
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