Five rigs are set to begin drilling at the Robertson project in Nevada’s Crescent Valley.
The program will involve drilling 140 holes, for a total of 50,000 ft. Amax Gold (NYSE) can earn a 60% interest from Coral Gold (VSE) by completing a bankable feasibility study on the Porphyry zone by September. Coral has the option to revert to a 30% carried interest.
The drilling is part of a $2.2-million program which will also include environmental base-line studies and engineering and metallurgical studies. The Porphyry zone contains an estimated geological resource of 20 million tons grading 0.036 oz. gold per ton.
Be the first to comment on "NEWS ROUNDUP — Amax drilling Robertson play"