60 km WNW of WINNEMUCCA
June 15, 2009
Nevada Exploration Inc. (NGE) has added 96 additional claims (800 hectares, 2,000 acres) to its Bull Creek Property in Humboldt County, Nevada. NGE’s total land position at Bull Creek now consists of 367 claims (3,000 hectares, 7,500 acres). Bull Creek is located in Desert Valley, 60km (37mi) west-northwest of Winnemucca, Nevada, in a geologic setting similar to that of the Sleeper Gold Mine, which is located approximately 23 miles across the valley towards the northeast.
February 23, 2009
NGE announced completion of data reduction for its Phase I drill program at Bull Creek. The initial identification of anomalous groundwater chemistry at Bull Creek resulted in a successful Concept Test: the discovery of a large area of hydrothermally-altered, shallow bedrock containing geochemically anomalous gold and gold-associated trace elements. NGE believes that additional drilling is warranted based upon the increase in alteration intensity and geochemically anomalous trace-elements seen in drill holes moving from west to east across the eastern half of the property. These results are significant in that they further demonstrate that groundwater chemistry can be used to efficiently and effectively reduce large sand- and gravel-covered valley basins to much smaller areas having a high potential for the discovery of new, gold-bearing hydrothermal systems for more focused exploration.
August 18, 2008
Phase I drilling was completed. Drilling at Bull Creek included 17 wide-spaced holes; visual results suggest significant oxidation and alteration; assays were pending. Reverse circulation (RC) drilling at Bull Creek started on June 4, 2008. Nevada Exploration drilled 17 widely spaced holes across the project; distances between holes ranged from 300 metres (m) to 1.6 kilometres (km) (one-fifth to one mile). Bedrock proved to be shallow -- less than 70 m (200 feet) over much of the property. Visual results included significant thicknesses of oxidized, altered siltstone, shale and volcanic rock, with significant clay alteration, silica veining and silicification over significant areas. Assay results were expected in the Q4.