Eclipse Gold Mining Drills Shallow Oxide Gold Including 89.92 meters of 0.81 g/t AuEq Hercules Gold Project, Nevada

Eclipse Gold Mining Drills Shallow Oxide Gold Including 89.92 meters of 0.81 g/t AuEq Hercules Gold Project, Nevada

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AuEq = Au + (Ag/77.7); no recovery factor has been applied
True thickness estimated to be between 60% and 80% of reported length
Length total may not tally exactly due to rounding

Summary:

  • Drilling intersected shallow oxide-gold in almost every drillhole, some at intervals greater than 50 metres, and broad zones of higher-grade mineralization were identified.
  • The Hercules mineralizing system appears to strengthen towards the south.
  • These results indicate that mineralization at the Hercules Gold Project is potentially similar to other large Walker Lane-hosted, low sulphidation epithermal gold-silver systems.

Vancouver, British Columbia–(Newsfile Corp. – June 10, 2020) – Eclipse Gold Mining Corporation (TSXV: EGLD) (OTC Pink: EGLPF) (“Eclipse” or “the Company”) is pleased to report drill results from its first phase of drilling at the Hercules Gold Project located in Lyon County, Nevada. A total of 3,271 meters were drilled in 12 exploration reverse circulation (RC) drillholes. Targets tested include Hercules, Cliffs, Loaves, Northeast, and Rattlesnakes; eleven of the twelve holes intersected significant oxidized gold mineralization, and all targets contained gold mineralization.

Importantly, this drilling has highlighted the Hercules mineralizing system appears to strengthen to the south on the Company’s 85 square kilometer land package.

“The Hercules Gold Project is beginning to take shape as an exciting new gold district in Nevada, and we are delighted with these drill results being in hand so quickly after our listing in February 2020.” noted Michael G. Allen, President, CEO and Director, “Being located approximately one hour from Reno, Hercules is a truly remarkable project, potentially representing an almost ideal combination of scale, location, and grade.”

Results and Interpretation

“Evaluating these drill results allowed us to develop a model suggesting the presence of a mineralized system that is strengthening to the south, potentially expanding the footprint of mineralization beyond what we had previously envisioned.” noted Dr. Warwick Board, Vice President of Exploration, “This is in addition to the gold targets outlined following the consolidation of several historical databases for the property, the scale and tenor of which was confirmed by our drilling.”

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