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Oakdale Resources begins diamond drilling at Tonopah North in Nevada targeting gold

A 3D induced polarisation survey was completed on the property with the objective to better define targeted structures at depth and help define the layered stratigraphy.

Oakdale Resources Ltd - Oakdale Resources begins diamond drilling at Tonopah North in Nevada targeting gold mineralisation
Drilling this month at the Tonopah North property in Nevada, USA

Oakdale Resources Ltd (ASX:OAR) has started diamond drilling at the Tonopah North Project in Nye Country, Nevada, targeting structurally controlled epithermal gold mineralisation in the Tertiary andesite rocks.

The program comprises four core holes for a total of 900 metres of drilling which started at TND-01, a shallow target associated with old workings and a stockwork style of mineralisation.

Drilling is expected to be completed within five weeks with initial assay results being received later in November before progressing to the northern target area.

Additional drill holes have been permitted to enable immediate follow-up of encouraging results including the potential to scope out a resource.

“A major step for Oakdale”

Technical director Geoff Balfe said: “We are highly excited at the commencement of drilling on the Alpine properties as this will entail a critical test of a number of high-quality targets that are the result of several years of exploration and target refinement.

“Drilling here in Nevada represents a major step for Oakdale and its shareholders after having secured this highly prospective project.

“This prospect is close to infrastructure with a town, roads, power and highway nearby all of which would facilitate a development project.”

Tonopah North drill targets and gold sample results

Project background

The Tonopah North project is 5 kilometres north of the historic silver and gold mining town of Tonopah.

Two target areas, the northern zone (TND-02 and TND-04) and southern zone (TND-01 and TND-03), have been defined and are interpreted to be the same structural corridor with a separation due only to an area of poor outcrop.

The southern zone is seen as a shallow stockwork target with potential for a bulk tonnage of gold mineralisation.

Quick facts: Oakdale Resources Ltd

Price: 0.026 AUD

Market: ASX
Market Cap: $42.36 m

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