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Diablo Resources ramps up exploration at promising US gold and copper projects
Special Report: Copper-gold explorer Diablo Resources is progressing diamond drilling at its Lone Pine gold project in Idaho, USA, with … Read More
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Copper-gold explorer Diablo Resources is progressing diamond drilling at its Lone Pine gold project in Idaho, USA, with plans to commence maiden drilling at its Devils Canyon gold/copper project in Nevada in September.
The Lone Pine Project is prospective for gold and comprises two patented mining claims and a further 268 mineral claims covering an area of approximately 21.85km2.
Five out of eight drill holes have been completed to date, two of which were at the Lone Pine Vein Zone (LPVZ) where very little exploration was completed before the company acquired the project from Hawkstone Mining in 2020.
To date, the holes have successfully intersected the quartz vein-clay alteration zone below the 2020 drill intercepts that included:
- 1.22m at 17.02g/t gold from 38.43m, including 0.3m at 65.6g/t gold;
- 2.6m at 7.06g/t gold from 63.75m, including 1.4m at 13.23g/t gold; and
- 1.9m at 12.93g/t gold from 107.54m, including 0.8m at 29.7g/t gold.
The LPVZ remains open in all directions, with drilling aimed to extend the known mineralisation at depth, well below the old workings and previous drilling.
Drilling at King Solomon underway
Diablo Resources (ASX:DBO) has completed three holes at King Solomon which have intersected similar geology to that recorded in historical drilling of:
- 18m at 3.75g/t gold in a zone of 51m at 1.7g/t gold from 36m;
- 35m at 1.15g/t gold in a zone of 115m at 0.4g/t gold from 64m; and
- 15m at 1.4g/t gold in a zone of 53m at 0.5g/t gold from 53m.
“Our Lone Pine diamond core drilling program is progressing extremely well with five holes completed to date, two at LPVZ and three at King Solomon,” Diablo CEO Lyle Thorne said.
“Samples have been dispatched to the laboratory with the team eagerly awaiting assay results.”
Once the final hole is completed at King Solomon the drill rig will move back to the LPVZ.
Maiden drilling at Devils Canyon in September
The Devil’s Canyon project consists of 90 mineral claims covering 6.56km2 located within the Carlin Trend in Nevada that has produced in excess of 195 million ounces of gold.
Notably, it lies 20km west of Kinross Gold’s Bald Mountain gold mine and 40km north of Barrick Gold’s Ruby Hill gold mine.
The company has contracted Midnight Sun Drilling to complete the planned +1000m maiden RC drill program scheduled to commence in early September 2023 following earthworks in mid-August.
“We are delighted to have secured a track mounted RC drill rig to complete our maiden drill program at Devils Canyon,” Thorne said.
“The program will target copper-gold-silver anomalies generated from surface geochemical sampling at a number of prospects, most notably the Southside and Ridgeline prospects.”
At Southside, previous exploration from Hawkstone returned copper to 7.7% – which Diablo considers a priority drill target.
At the Eastside prospect, previous sampling returned 12.9% copper, 271g/t silver and 1.3g/t gold, and at the Ridgeline and Switchback prospects Hawkstone flagged gold ranging from 1.12-191.5g/t, silver from 22.1-524g/t and copper from 0.54-10.25%.
This article was developed in collaboration with Diablo Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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