# Gold Basin Reports Additional High-Grade Oxide Gold Assay Results From Gold Basin Project, Arizona Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/gold-basin-reports-additional-high-grade-oxide-gold-assay-results-from-gold-basi--1308aea8-31e3-4bae-84f7-8e2c1a062c2d Original source: https://money.tmx.com/en/quote/GXX/news/5629087272950928/gold-basin-reports-additional-high-grade-oxide-gold-assay-results-from-gold-basi Publisher: tmx Original announcement: 2024-08-22T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Gold Basin Resources Corporation - Ticker: GXX - Exchange: TSX - Region: northwestern Arizona - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results - Extracted: 2026-08-25 15:02:28 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Gold Basin Resources announced additional high-grade oxide gold assay results from its Gold Basin Project in northwestern Arizona. New intercepts from step-out drilling at the Stealth Deposit include 50.2 m at 1.29 g/t Au \(including 27.4 m at 2.08 g/t Au\) and 33.5 m at 1.00 g/t Au \(including 12.2 m at 2.08 g/t Au\). These results extend the high-grade mineralization along strike and will be incorporated into a maiden NI 43-101 resource estimate. Reasoning: The announcement reports additional high-grade oxide gold intercepts from step-out drilling at the Stealth Deposit, extending known mineralization and contributing to an upcoming maiden resource estimate, supported by comprehensive QA/QC and QP sign-off, though true widths are yet to be determined. - Positive factor: High-grade intercepts - Positive factor: Broad widths - Positive factor: Oxide gold mineralization - Positive factor: Resource expansion drilling - Positive factor: Step-out drilling extends mineralization - Positive factor: Robust QA/QC procedures - Positive factor: QP/CP sign-off - Negative factor: True width not determined Facts used in scoring: 4 ## Classification and evidence **High Recovery** Polarity: positive Story-specific tag Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: The document reports high-grade oxide gold intercepts, which are generally amenable to high recovery rates through conventional processing methods like heap leaching. Evidence · text > Additional broad high-grade oxide gold intercepts from Stealth Deposit \(“Stealth”\) resource expansion drilling **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The drilling was conducted from step-out collar locations, extending mineralization along strike. Evidence · text > Drilling results from step-out collar locations along the formerly undrilled northerly road at Stealth continue to yield impressive intervals of near-surface oxide gold. **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes detailed QA/QC procedures, including the use of blanks, standards, duplicates, chain of custody, and an accredited laboratory. Evidence · text > Quality Control/Quality Assurance \(“QA/QC”\) 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 metallurgical testing or re-assay work. Coarse blank material and standard reference pulps are inserted into the sample stream on a 1-in-20 sample basis, and field duplicates are collected every 50 samples. 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. All 1.52 m drill intervals are monitored for recovery. Assay samples are placed in shipping sacks together with the field inserts upon completion of each hole. After a designated number of holes are completed, all assay samples are transported in their respective shipping sacks ALS in Tucson, Arizona by a Gold Basin contractor under Chain of Custody. 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 \(30 gm fire assay with AA finish\). 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. ALS is accredited to ISO/IEC 17025:2017 standards for specific preparation and analytical procedures. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document explicitly states that true widths are yet to be determined for the reported intersection lengths. Evidence · text > Intersection lengths are RC drilling interval lengths, and true widths are yet to be determined. **Resource Update** Polarity: neutral Story-specific tag Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The drilling program is described as 'resource expansion and delineation' and is intended to support a 'maiden NI 43-101 oxide gold mineral resource estimate'. Evidence · text > recently completed resource expansion and delineation drill program ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Drill Results (4) ### ST24-038 [Link to this fact](https://atlas-staging.minestarters.com/news/gold-basin-reports-additional-high-grade-oxide-gold-assay-results-from-gold-basi--1308aea8-31e3-4bae-84f7-8e2c1a062c2d#fact-drill-facts-0) Gold Basin Project · gold #### Identity - Hole ID: ST24-038 - Project: Gold Basin Project - Commodity: gold - Region: usa\_az - Reported Region: northwestern Arizona - Ticker: GXX #### Geometry - Grade: 1 - Grade Unit: g/t - Intercept: 33.5 m - From: 96 m - To: 129.5 m - Hole Depth: 175.3 m - Intercept Depth: 96 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Mining Method: open\_pit #### Location - Easting: 747595 - Northing: 3962952 - Azimuth: 175 ° - Dip: -55 ° - Loc. Confidence: high #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates, chain\_of\_custody #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-08-22T00:00:00.000Z Reasoning: This intercept of 33.5 m at 1.00 g/t Au is a continuous width with a moderate grade for an oxide gold deposit, contributing to resource expansion through step-out drilling, though the lack of true width information introduces some uncertainty. - Positive factor: Moderate grade for oxide gold - Positive factor: Continuous width - Positive factor: Part of resource expansion drilling - Positive factor: Step-out drilling - Negative factor: True width not determined Evidence · table > 1.00 Context: 33.5 ### ST24-038 [Link to this fact](https://atlas-staging.minestarters.com/news/gold-basin-reports-additional-high-grade-oxide-gold-assay-results-from-gold-basi--1308aea8-31e3-4bae-84f7-8e2c1a062c2d#fact-drill-facts-1) Gold Basin Project · gold #### Identity - Hole ID: ST24-038 - Project: Gold Basin Project - Commodity: gold - Region: usa\_az - Reported Region: northwestern Arizona - Ticker: GXX #### Geometry - Grade: 2.08 - Grade Unit: g/t - Intercept: 12.2 m - From: 96 m - To: 108.2 m - Hole Depth: 175.3 m - Intercept Depth: 96 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Mining Method: open\_pit #### Location - Easting: 747595 - Northing: 3962952 - Azimuth: 175 ° - Dip: -55 ° - Loc. Confidence: high #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates, chain\_of\_custody #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-08-22T00:00:00.000Z Reasoning: This sub-interval of 12.2 m at 2.08 g/t Au represents a strong grade within the broader intercept, enhancing the overall prospectivity for resource expansion, though true width remains unknown. - Positive factor: Strong grade for oxide gold - Positive factor: Moderate width - Positive factor: Part of resource expansion drilling - Positive factor: Step-out drilling - Negative factor: True width not determined Evidence · table > 2.08 Context: 12.2 ### ST24-039 [Link to this fact](https://atlas-staging.minestarters.com/news/gold-basin-reports-additional-high-grade-oxide-gold-assay-results-from-gold-basi--1308aea8-31e3-4bae-84f7-8e2c1a062c2d#fact-drill-facts-2) Gold Basin Project · gold #### Identity - Hole ID: ST24-039 - Project: Gold Basin Project - Commodity: gold - Region: usa\_az - Reported Region: northwestern Arizona - Ticker: GXX #### Geometry - Grade: 1.29 - Grade Unit: g/t - Intercept: 50.2 m - From: 85.4 m - To: 135.6 m - Hole Depth: 175.3 m - Intercept Depth: 85.4 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Mining Method: open\_pit #### Location - Easting: 747595 - Northing: 3962952 - Azimuth: 200 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates, chain\_of\_custody #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-08-22T00:00:00.000Z Reasoning: This broad intercept of 50.2 m at 1.29 g/t Au represents a significant continuous zone of moderate-grade oxide gold, extending mineralization along strike and supporting resource expansion efforts, despite the absence of true width data. - Positive factor: Moderate grade for oxide gold - Positive factor: Continuous width - Positive factor: Part of resource expansion drilling - Positive factor: Step-out drilling extends mineralization - Negative factor: True width not determined Evidence · table > 1.29 Context: 50.2 ### ST24-039 [Link to this fact](https://atlas-staging.minestarters.com/news/gold-basin-reports-additional-high-grade-oxide-gold-assay-results-from-gold-basi--1308aea8-31e3-4bae-84f7-8e2c1a062c2d#fact-drill-facts-3) Gold Basin Project · gold #### Identity - Hole ID: ST24-039 - Project: Gold Basin Project - Commodity: gold - Region: usa\_az - Reported Region: northwestern Arizona - Ticker: GXX #### Geometry - Grade: 2.08 - Grade Unit: g/t - Intercept: 27.4 m - From: 86.9 m - To: 114.3 m - Hole Depth: 175.3 m - Intercept Depth: 86.9 m #### Classification - Deposit Type: other - Program: mixed - Sample Type: drill - Mining Method: open\_pit #### Location - Easting: 747595 - Northing: 3962952 - Azimuth: 200 ° - Dip: -50 ° - Loc. Confidence: high #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: blanks, standards, duplicates, chain\_of\_custody #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-08-22T00:00:00.000Z Reasoning: This high-grade sub-interval of 27.4 m at 2.08 g/t Au significantly enhances the overall value of the broader intercept, demonstrating strong gold mineralization within the oxide zone and supporting resource growth. - Positive factor: Strong grade for oxide gold - Positive factor: Strong continuity of width - Positive factor: Part of resource expansion drilling - Positive factor: Step-out drilling extends mineralization - Negative factor: True width not determined Evidence · table > 2.08 Context: 27.4 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.