Multiple Thick Intersections From Maiden Drill Program At Stealth Deposit

VANCOUVER - Gold Basin Resources Corp. reported on the Maiden Drill program on the Stealth Deposit at Gold Basin oxide gold project in North-West Arizona. The have been multiple gold intersections over 20m in thickness with grades exceeding 1g/t Au. The Stealth Deposit lies 900m south-west of the Cyclopic Deposit, on a north-west trending structure (the Stealth Fault) sub-parallel to the Cyclopic Fault. The Stealth Fault has been mapped for over 8km, a similar length to the main Cyclopic Fault.

The current drill program at Stealth has covered only 350m of strike length, entirely on land where both the surface and mineral rights are owned by the Company.  Gold mineralization has similar sub-horizontal geometry to the Cyclopic Deposit, with high-grade sub-vertical cross-cutting gold-bearing structures. 25 RC holes, totaling 3,741m have been completed at Stealth, including 20 vertical and 5 high-angle holes. Assays have been received for all holes. The results from 11 holes are received and balance expected in the very near future.

Michael Povey, CEO, said, “These first results from our maiden drill program at Stealth are outstanding and exceed any expectations we had based on historic exploration data. In addition to excellent grades, the multiple thick intersections are extremely encouraging and indicative that the potential for a higher-grade, near-surface resource at Stealth is very high.”