en.Wedoany.com Reported - Highway 50 Gold (TSX-V: HWY) has initiated a drill program at its wholly-owned Gold Knob gold project in north-central Nevada, with the first phase set to complete 10 to 15 holes totaling approximately 5,000 meters.

Individual drill holes range from 180 to 425 meters in depth, depending on surface conditions. This phase of drilling will target known gold mineralization zones and test the company's hypothesis of a large-scale gold system at depth.

Gold mineralization at Gold Knob occurs in the hanging wall Valmy Formation and footwall Comus Formation, traceable over approximately 5 kilometers at surface and in previous drill holes. Highway 50 Gold notes that these host rock types are the same as those found in the nearby Turquoise Ridge District.

On a regional scale, the company points out that the deep crustal characteristics of the project are similar to the Cortez District, including the structural intersection of the Caetano Graben and the Northern Nevada Rift Central.

Highway 50 Gold is a mineral exploration company focused on breakthroughs in the crustal structure of north-central Nevada.

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