Teslin River Resources has completed a reverse circulation (RC) drilling program at the Mustang property, which is situated 20 mi southeast of Gabbs in Nevada.
The company is anticipating the drilling assay results in the near future.. The location of the Mustang property is 8 mi southeast of the Paradise Peak mine, which historically produced 1.5 Moz gold and 40 Moz silver. This property has geological ground analogous to the Paradise Peak mine. The Mustang property includes 66 claims, which are 100% held by Teslin.
The CEO and President of Teslin, has commented that the company is delighted to progress the drilling work in Nevada and expecting to update the shareholders with the drill results. The company could keep its impetus with the assistance of Resinco Capital Partners, whilst the latest corporate changes were completed. Currently, Teslin is developing the project after validating the results of the drilling program.
The company completed eight drill holes, each measuring to a depth of 200 - 250 m in an 1800 m program. Four holes were drilled in the center around an anomalous hole drilled in 2005. The 2005 hole yielded 0.14 g/t gold over 7 m and 0.12 g/t gold, 20 g/t silver over 21 m. Two holes were situated in the property’s north part in the surrounding regions of small surface projections. The company has encountered up to 11.9 g/t gold, 74.1 g/t silver from the outcrop samples. It drilled the last two holes in an eight hole drilling campaign in the property’s southern part having a high anomalous surface projection.