Vancouver, British Columbia Highway 50 Gold Corp. (TSXV: HWY) ("Highway 50" or the "Company") is pleased to announce the commencement of a 10 to 15-hole drill program at its 100% owned Gold Knob Au project, located in north-central Nevada.
The 5,000-metre Phase I program is designed to offset known gold mineralization as well as testing the Company's interpretation that a major gold system exists at depth. Most holes will range from 180 m to 425 m (600-1,400 ft) deep, depending on ground conditions.
The Gold Knob project hosts gold mineralization in both Upper-plate Valmy rocks and Lower-plate Comus rocks, traceable on surface and in previous drill holes for roughly 5 km. These are the same host rock types found in the Turquoise Ridge District. At a regional level, the project shows deep crustal similarities to the nearby Cortez District, including the intersection of the Caetano trough and the Northern Nevada Rift Central.
Qualified Person: The scientific and technical disclosure in this news release has been approved by Gordon P. Leask, P.Eng., President and CEO of the Company, and a Qualified Person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
Highway 50 Gold Corp.
Gordon P. Leask, President and CEO, Director
+1 (604) 681-4462
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For further information, please consult our website at www.highway50gold.com or contact:
Don Mosher, Corporate Development
+1 (604) 617-5448
don@highway50gold.com
About Highway 50 Gold Corp.
Highway 50 Gold Corp. is a mineral exploration stage company led by a team of experienced explorers and mine finders. The Company is executing an exploration plan refined over 35 years of experience in Nevada. The exploration focus on its projects are a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Readers should refer to Highway 50's public filings for a discussion of these risks. Forward-looking statements are made as of the date of this release and Highway 50 does not undertake to update them except as required by law.
Source: Highway 50 Gold Corp.
