Allied Nevada Gold Corp TSX:ANV announced assays from its Hycroft Mine in Nevada. Results include 0.79 g/t gold and 19 g/t silver over 151 metres, 1 g/t gold and 74.8 g/t silver over 56 metres, 82.9 g/t silver over 30 metres, 2.13 g/t gold and 20.4 g/t silver over 59 metres, 0.68 g/t gold and 22.1 g/t silver over 52 metres, and 0.72 g/t gold and 30.5 silver over 127 metres.
President/CEO Scott Caldwell stated, “We have now begun the step-out portion of the 2011 drill program at Hycroft and we are excited to begin testing new areas of interest on the property. The drill programs of late have been largely focused on preparing for the initial milling feasibility study. With the release of our recent resource estimate, and plans to build a much larger processing plant, we are now focusing on extending the life of the mine through exploration.”
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by Ted Niles