Solitario Completes Phase-One Drilling at Golden Crest - Reports Initial Drill Results for Ponderosa
Solitario completed phase-one drilling at its Golden Crest gold project in South Dakota, finishing ten core holes totaling 2,949 meters between mid-May and late July. The first three reported Ponderosa holes cut only low-level gold mineralization of 0.02 to 0.40 gpt in Paleozoic limestones with no high-grade feeder zones, though hole PD-007 returned 1.3 meters grading 1.37 gpt in older Precambrian rocks; the remaining seven holes are in assay with results due late September or October.
Key figures
- Best intercept
- 1.3 meters at 1.37 gpt gold (hole PD-007, Precambrian rocks)
- Meters drilled
- 2949
- Cash position usd
- US$7.3 million
- Newmont ownership
- 9.4%
- Next assay timing
- late September or October
- Shares outstanding
- 94600000
- Holes pending assay
- 7
- Drill holes completed
- 10
- Golden crest land acres
- 25350
- Magnetic high dimensions
- 5 km by 1.5 km
- Gold grade range first three holes
- 0.02 to 0.40 gpt
AI analysis
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