-- Maverick Gold and Silver (MAV.CN) is set to begin work on the Jericho Property, located in Lincoln County, Nevada, said the company on Thursday.
Contractors have been engaged and an initial work program is set to be initiated on the property, and fieldwork is set to consist of systematic rock sampling throughout the property as well as localized detailed mapping. Work is expected to begin in May, it added.
The company recently acquired a large historic dataset for the Jericho property from a third party and is currently incorporating this new data into its growing database for the property, said the company. The new, larger database will then be used to further refine the planned work program, added the company.
"We are leveraging our growing database on the property in conjunction with a successful recent field visit by the Company's technical team to create a comprehensive phase one work program at Jericho," said Ian Foreman, P.Geo., VP, Exploration of Maverick Gold and Silver. "The objective of the field program will be to confirm and better understand the distribution of the high grade gold and silver results from historic sampling, determine the effect of structure on the thickness of the veins, better understand the differences between the West and East Trends, and to map several important areas of the property."
Shares of the company were last seen up $0.005 at $0.11 on the Canadian Securities Exchange.
Price: $0.11, Change: $+0.005, Percent Change: +4.8%