Gold Basin Resources Reports Promising Assay Results at Arizona Gold Project

Gold Basin Resources CEO Colin Smith announced encouraging assay results for the first two reverse-circulation drill holes from the company's ongoing resource expansion and delineation drill campaign at the Gold Basin oxide gold project in Arizona. To date, five holes totaling 1,027 meters have been completed out of the planned 3,000-meter program, with the next batch of results expected in three weeks.

Smith reported that assay results from resource expansion drilling at Stealth are comparable to some of the best oxide gold results at the project to date, highlighting the robust nature of the Stealth oxide gold system. Notably, the results from drill hole ST24-026 are highly promising, confirming the extension of a high-grade oxide gold plunge at depth, which remains open and will be further tested in this drill program. The results included 138.7 meters at 0.93 g/t Au from 30.5 meters in hole ST24-026 and 82.3 meters at 0.94 g/t Au from 36.6 meters in hole ST24-027.

Smith emphasized that these positive results validate the company's strategy to expand the resource and delineate high-grade zones within the Gold Basin project. The ongoing drill campaign aims to further define the extent of mineralization and enhance the overall resource estimate, positioning the project for future development. With continued success in the drilling program, Gold Basin Resources remains committed to advancing the project and unlocking its full potential.