Piedmont Mining Company Announces Dutch Flat Drilling Results
Piedmont Mining Company, Inc. announced the results of a reverse circulation drilling program at the Dutch Flat property in Humbolt County, Nevada. Seventeen shallow angle holes, totaling about 2,550 feet, were drilled last fall in an east-west fence extending about 1,275 feet across part of a previously drilled zone on the property to evaluate the drilling results of AMAX Gold in the late 1980s. Gold grades of 0.01 ounces per ton or better were intersected in 11 of these 17 holes over intervals ranging from 5 to 40 feet. A nugget effect was observed in 4 of the 10 holes drilled. The two best holes encountered 25 feet of 0.013 ounces of gold per ton, including 5 feet of 0.032 ounces per ton, and 10 feet of 0.055 ounces per ton, including 5 feet of 0.102 ounces per ton. These intercepts are all within about 100 feet of the surface.
These encouraging results are consistent with the previous drilling results. Accordingly, a second drill program is currently being planned to extend this fence to the west and also to test some of the zones with quartz veining and significant old workings to the south. Some of these holes will be drilled to depths of 300 to 400 feet to test for vertical continuity. A drilling plan will soon be submitted to the US Bureau of Land Management to obtain a drilling permit for this next phase of drilling.
The Dutch Flat property consists of 114 unpatented claims in the northern end of the Battle Mountain-Eureka trend, at the southwest end of the Hot Springs mountains and about 11 miles west of the Pinson and Getchell gold mines. It is 19 miles northeast of Winnemucca, Nevada, and is easily accessed by well maintained roads. The Dutch Flat claims cover all of the historic Dutch Flat mining district which had modest production of gold from both lode and alluvial sources during the early 1900s. Piedmont has entered into a 5-year agreement with Columbus Gold Corporation (TSX-V: CGT – News) on this project. The exploration program is being managed by CORDEX Exploration Company, a private company owned and operated by John Livermore and Andy Wallace who have had long and distinguished careers in gold discovery and mine development in Nevada.
About Piedmont:
Piedmont is an exploration stage company, exploring for gold and silver exclusively in the state of Nevada. It has entered into earn-in agreements with experienced exploration groups on 6 gold and/or silver properties in Nevada. Its Common Stock is traded on the OTC Bulletin Board under the symbol: PIED.
The Company is including the following cautionary statement in this news release to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation reform Act of 1995 for any forward-looking statements made by, or on behalf of, the Company. Certain forward-looking statements herein involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. These include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions that are other than statements of historical facts. These forward-looking statements are based on various assumptions, many of which are based upon further assumptions. The Company’s expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections will be achieved or accomplished.
Contact:
Piedmont Mining Company, Inc. Robert M. Shields, Jr., 212-734-9848
www.piedmontmining.com
Source: Piedmont Mining Company, Inc.
