Let’s first talk about Nevada. Nevada is one the most sought after The gold exploration sector can be full of ups and downs. From acquisitions, to drill results, it's safe to say that it's a highly volatile yet extremely exciting sector to be in. Many companies spend millions of dollars and years upon years to get to a certain point in their business where they can deliver results to their shareholders. Although Eclipse Gold Mining has only been listed since February, the company has an extremely experienced leadership team with a proven track record of execution and success. In just 7 short months the company has advanced their Hercules project in Nevada and has officially announced their Phase 2 drill program as of August 18th. We are going to outline the highlights down below: Eclipse Gold Mining has secured a drill rig and begun mobilization for its Phase Two drill program. Drilling will commence next week and is planned to include up to 18 reverse circulation holes, totalling approximately 6,750 metres. Their drill program will test: ★ Potential extensions of known gold mineralization to the east of Cliffs ★ The newly defined Hercules Structural Zone that runs north-south through the Northeast and Hercules targets ★ Geophysical targets generated by the Company’s recent IP geophysical program between the Cliffs and Hercules targets
Dr. Warwick Board who is the Vice President of Exploration for Eclipse Gold Mining had some very positive remarks regarding the recent announcement “With our new geophysical data refining the geological model of the Hercules Gold system we are excited to begin this phase of drilling, testing high priority targets on the property. The new data indicates that the Hercules system may be a large-scale epithermal gold system where only the outer edges have been tested by drilling to date.” Eclipse Gold Mining uses a systematic, science-focused approach with their Hercules Project. The Company has created an 85-square-kilometres, district-scale land package, through claim-staking and ownership consolidation, that is known to host a low-sulphidation epithermal gold-silver system of undefined size. Recent drilling has highlighted the strength and continuity of the mineralized system at Hercules, intersecting broad intervals of near-surface oxide gold-silver mineralization in all target areas tested to date, some greater than 50 metres. Results from a recent ground IP survey identified a new “Hercules Structural Zone,” a potential feeder structure, that extends more than 2,000 metres along strike, and remains open for expansion. Phase One drilling has shown an apparent increase in thickness and grade of mineralization of the low sulphidation epithermal gold-silver system to the south, indicating the property-wide system could be larger than previously imagined. This Phase II program may be further refined based on the results of the Helicopter based EM survey that is currently being completed, as further described in the Company’s news release dated August 4th, 2020. When we search for a successful gold mining stock there are a few things that we take into account. First we look to management and ensure they have plenty of experience along with a proven track record of success. Then we look at the mining jurisdiction along with the property and finally how the projects are progressing. It's clear to us that Eclipse Gold Mining could have some exciting news right around the corner from their Phase 2 drill program, and investors might want to keep their eyes on this company moving forward. We look forward to providing updates on Eclipse Gold Mining as their project progresses.