Australia
Oakdale Resources begins drilling in Nevada gold territory after raising $2.2 million
Oakdale Resources Ltd (ASX:OAR) has kicked off diamond drilling operations at its wholly-owned Lambarson Canyon Project in the prolific gold territory of Nevada, US.
The company is well funded for drilling following a placement of shares to institutional funds and professional and sophisticated investors to raise A$2.2 million.
Drilling is anticipated to run through until the end of September.
Exploring gold country[hhmc]
Once drilling is completed at Lambarson Canyon, drilling operations will move south to Douglas Canyon to test multiple high-grade outcropping epithermal quartz vein systems.
Nevada projects with regional mines and reported historical and current resources & reserves.
The Lambarson Canyon Project is in northern Nevada where Oakdale is targeting intrusion-related and distal disseminated gold mineralisation, similar to million-plus ounce gold deposits in the Battle Mountain-Cortez and Getchell trends.
Oakdales planned drilling campaign may comprise up to five diamo..
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