Original News Release
Highway 50 continues exploration at Quito N, Gold Knob
Mr. Don Mosher reports
HIGHWAY 50 GOLD CORP. EXPANDS QUITO NORTH LAND POSITION AND ADVANCES EXPLORATION AT NEVADA PROJECTS
Highway 50 Gold Corp. has provided an update on its continuing exploration activities at the Quito North and Gold Knob projects in north-central Nevada.
Quito North project
An additional 93 claims have been staked at the company's Quito North project to cover an area of known pathfinder and gold mineralization on surface within both upper- and lower-plate rocks. The new claims more than double the size of the existing tenure. The Quito lower-plate window has had former high-grade gold production and shows strong similarities to the world-class Cortez mining district.
The orientation of mineralization within the recently acquired claims is consistent with the dominant direction of mineralization at the majority of major Carlin-type gold districts in Nevada. The orientation records the direction of extension during the Carlin mineralizing event in north-central Nevada. A gravity survey has been commissioned with an imminent start date.
Gold Knob project
Gold Knob is situated at the intersection of the Caetano trough (east-west crustal structure present at Cortez) and the Western Nevada rift (major crustal structure) -- two major crustal structures also associated with mineralization in the Cortez district. The company has recently completed four lines of biogeochemical sampling over the northern and southern extremities of the Wildhorse target area, 1.5 kilometres south of Gold Knob, where previous shallow drilling outlined a small gold resource over a one-square-kilometre area under shallow pediment cover in upper-plate rocks. Much of the project area exhibits shallow pediment cover, suggesting biogeochemical surveys could be successful in extending subcropping gold mineralization. Subsequent drilling will focus on connecting the Wildhorse mineralization to the Gold Knob zone. In both cases, what has been discovered to date is believed to be leakage peripheral to the main part of the gold system. Additionally, gravity and CSAMT surveys have been commissioned at Gold Knob.
About Highway 50 Gold Corp.
Highway 50 is a mineral-exploration-stage company led by a team of experienced explorers and mine finders. The company is executing an exploration plan refined over 35 years of experience in Nevada. The exploration focus on its projects is a result of what management believes to be breakthroughs in the understanding of north-central Nevada's crustal architecture.
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