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Mackay Gold & Silver Adds Second Drill Rig to Comstock District Project in Nevada

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Mackay Gold & Silver (MACK.V) mobilized a diamond core drill rig to its 100%-owned Comstock District project in Nevada, it said in a statement on Thursday.

The initial priority target for the core rig, which has started drilling, is the Sutro Tunnel intersection, it said. The company has planned core holes at about 100-meter spacing, targeting above, below, and along strike of the historic tunnel intersection.

Mackay has completed a total of 25 reverse circulation (RC) holes for about 4,000 meters to date at Occidental South. First RC results are expected in the coming weeks, it added.

Shares of the company were last seen down 1.4% at C$2.75 on the TSX Venture Exchange.

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