Commencement Of RC Drill Program On Gold Basin Oxide Gold Project

VANCOUVER - Gold Basin Resources Corporation has commenced its reverse-circulation (RC) drill program, focusing on resource expansion and delineation at the Stealth Deposit and Gap Zone, at the Gold Basin oxide gold project in northwestern Arizona.

Colin Smith, Chief Executive Officer, said, "We are thrilled to be back drilling at Gold Basin, as we steam towards the Project’s maiden NI 43-101 oxide gold resource, to be released this year. The first batch of assay results are due back in early July, and we greatly anticipate getting them to market as soon as possible.”

RC drilling samples are collected every 5 feet (1.52 m) and are reduced on-site using a triple-tier Gilson splitter, producing a 2-3 kilogram (“kg”) assay sample and a 3-5 kg twin sample that can be used for met testing or re-assay work. Coarse blank material, standard reference pulps, and split duplicates are inserted into the sample stream on a 1-in-20 sample basis such that each 23-sample group contains one blank, one duplicate, and one reference pulp.  Three standard reference pulps at three different gold grades are being used: 0.154 parts per million (“ppm”), 0.778 ppm, and 2.58 ppm.  One 1.52 m drill interval in every four intervals is weighed in order to monitor recovery.

Assay samples are placed in shipping sacks together with the field inserts upon completion of each hole.  After four holes are completed, all assay samples are transported in their respective shipping sacks ALS in Tucson, Arizona by a Gold Basin contractor. Prior to shipping, all samples are maintained under the direct control and supervision of the on-site geological staff.

Upon arrival in ALS Tucson, the samples are prepared using ALS codes CRU-31, SPL-31 and PUL-32 procedures (pulverize 1 kg split to 85% passing 75 microns) and fire-assayed for gold using ALS Code Au-AA25 procedure (30gm fire assay with AA finish). ALS also inserts its own certified reference materials plus blanks and duplicates. All QA/QC results associated with the assays reported herein are within expectation.