(MENAFN- ProactiveInvestors - Australia) Global Geoscience (ASX:GSC) is in an enviable position with its Canadian partner, a Osisko Mining Corporation (TSX: OSK) subsidiary fully funding exploration at its Excelsior and Lone Mountain projects in Nevada.
Osisko Mining Corporation is the owner and operator of the 10.1 million ounce Canadian Malartic gold mine in Canada.
Global and Osisko are targeting a shallow, multi-million ounce gold deposit at the Excelsior project in southern Nevada, with similar mineralisation to large, moderate grade gold deposits found in the Tintina Gold Province of Alaska/Yukon.
Some of the finds here have been massive, Donlin Creek (31Moz), Fort Knox (9Moz) and Dublin Gulch (2Moz).
Field work is advanced in Nevada with a focus on further developing the encouraging results from last year's drilling programs at both projects.
At Excelsior, the aim is to better define gold mineralisation ahead of the next phase of drilling.
To date, wide-spaced drilling has intersected shallow gold mineralisation over a strike length of 2.3 kilometres. A ground magnetic survey has been completed and a resistivity (CSAMT) survey is about to commence.
While at Lone Mountain, 1100 geochemical samples have been collected as follow-up of the new gold anomalies discovered last year.
Results from these are still pending.
No doubt encouraging Osisko Mining is that Lone Mountain appears to share a number of geological similarities with the nearby Carlin Trend where approximately 150 million ounces of gold has been discovered to date.
Global's projects in Nevada are not lacking in potential sizzle factor, as the current program unfolds it should prove fascinating to watch.
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