New Texmont and partner Intex Mining (ASE) completed three holes which were collared on the Gowest claims. Hole 11 intersected 9.3 ft grading 0.362 oz gold. Hole 12 cut 52.2 ft grading 0.092 oz. Included was a richer section of 10 ft assaying 0.147 oz. A third hole returned 7 ft assaying 0.12 oz. All three holes intersected the zone at a depth of approximately 1,000 ft.
The zone is parallel to the north boundary of the Intex and Gowest claims. Last year, New Texmont completed an agreement with Gowest giving it the right to earn a 50% interest in the Gowest property. Texmont can earn its interest by spending $400,000 on exploration before Feb 28. This date has been extended to June 30.
Intex, which is controlled 50% by New Texmont, has signed a joint venture agreement with Zenmac Zinc (ASE) which will see Zenmac fund on-going exploration.
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