Firestrike Resources is continuing exploration at the Elephant Canyon Project and will identify drill sites suitable for a second phase of drilling over the coming weeks.
Field work is ongoing to fast track permitting for further drilling at the Incan and Humboldt prospects with about 2,000 meters of reverse circulation drilling expected to begin early in 2013.
Rock chip samples collected previously returned up to 3.4% copper and 21 grams per tonne gold at these prospects, which supports the expected tenor of grade for a porphyry style deposit.
Meanwhile, results from previous first phase drilling at the Coronado prospect are in line with expectations for early stage lower grade porphyry style exploration target.
One hole intersected 13.4 meters at 0.72 gram per tonne gold including 2.4 meters at 1.9 gram per tonne gold and 1.2 meters at 1.4 gram per tonne gold.
Previous rock chip results identified gold present in the fissure system with a maximum value at the prospect of 9.3 gram per tonne gold and an average of 0.4 gram per tonne for the sampling program.
Based upon the field observations and geology, the drilling program was initially planned for up to 4,000 meters but was concluded after 19 holes for 1,800 meters and the focus has now moved to other drill ready prospects.
