European Uranium Resources Ltd. has filed a technical report on the Mustang Gold Project, near the once productive Paradise Peak gold-silver mine in neighboring Nye County.
Located between Luning and Gabbs, the Mustang Gold report shows a high sulphidation epithermal gold target, near the Paradise Peak project which once produced 1.5 million ounces of gold.
Surface rock samples from the Mustang Gold Project have assayed to levels of 29.7 grams per ton.
Two holes drilled on the property showed promise with the estimated cost of the drill program to cost $150,000.
The purchase of the Mustang Gold Project property is part of a reorganization and restructuring of European Uranium Resources Ltd. company.