The 100% owned Stealth Deposit lies 900m south-west of the Cyclopic Deposit, on a north-west trending structure sub-parallel to the Cyclopic Fault. The Stealth Fault has been mapped for over 8km, a similar length to the main Cyclopic Fault.
Historical drilling shows significant, shallow gold mineralization along a strike length of 10km.
Exploration
The Company’s maiden drill program at the Stealth deposit was conducted in 2022 and covered 350m of strike length, entirely on land where both the surface and mineral rights are owned by the Company.
Significant results include:
- 51.8m @ 1.4 g/t Au from 13.7m in hole ST22-003
- 47.2m @ 1.0 g/t Au from 73.2m in hole ST22-012
- 33.5m @ 2.6 g/t Au from 97.5m in hole ST22-002
- including 4.6m @ 11.6 g/t Au
- 30.5m @ 1.2 g/t Au from 18.3m in hole ST22-005
- 25.9m @ 1.7 g/t Au from 13.7m in hole ST22-004
Gold mineralization has similar sub-horizontal geometry to the Cyclopic Deposit, with high-grade sub-vertical cross-cutting gold-bearing structures.
The mineralization remains open in all directions. Most of the recent and historical drilling reached less than 100m, which provides significant scope at depth.
The 2022 drill program at Stealth only tested a relatively small area (350m x 150m) of the mapped Stealth Fault, which is over 8km in strike length and remains largely undrilled for most of this extent.
In 2023, Gold Basin successfully completed a Phase 2 resource definition drill program. A total of 5,004 metres were drilled in 41 reverse circulation drill holes. Seven of the 41 drill holes were completed at the Stealth deposit intercepting oxide gold at vertical depths. Stealth remains open along strike to the northwest and southeast.
