Waseco Resources Reports High Grade Gold Intercepts at Battle Mountain, Nevada

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Waseco Resources Inc. (WRI.V) today reported the results of Hole #5 from its diamond drill program at Battle Mountain Ridge, ( BMR ) in Nevada.

Hole #5 (drilled at -55 degrees to the east) returned an intersection of 25.39g/t Au (0.9 oz/t) over 3.7m (12 feet) in the interval 150-153.7m down hole (450-465 feet).

This interval included intersections of:

47.6 g/t Au (1.68 oz/t) over 0.9m (3 feet) and

61g/t Au (2.15 oz/t) over 0.6m (2 feet)

"This hole is exceptional in that it has intersected the highest grade gold mineralization reported from any known exploration program completed on the property to date," Waseco said in a statement. The high grade zone remains open laterally and to depth. An upper zone, higher in the hole, between 128-141.72m (420-465 feet), returned gold values averaging of 1.82g/t Au (0.06oz) over 13.72m (45 feet).

Shares are up 38% to 11 cents, bringing Waseco nearer a yr high of 14 cents. 106,000 shares have changed hands.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: BMR

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