Oar Resources Limited announced drilling results from its recently completed maiden drilling program at its wholly owned Douglas Canyon Silver-Gold Project ("the Project") in Nevada, USA. Drill hole DCD-01 intersected the high-grade shear structure mapped at surface at a depth of 110.8m down hole, with assays confirming the structure continues at depth, returning an intersection of 1.8m @ 1.28g/t Au, 190g/t Ag, from 111.09m, including 0.7m @ 2.4g/t Au, 361g/t Ag, from 112.16m. OAR completed two diamond drillholes (DCD-01 and DCD-02) for a total of 477.8 metres at Douglas Canyon.

Drilling intersected a bleached and altered zone with quartz veining at the projected target depth of 110.8m (363.5ft). The 2.4m alteration zone across two core trays is in stark contrast to the surrounding unaltered andesite and cherty sediments. The second drillhole (DCD-01) of the program successfully tested the depth extension of the outcropping high-grade gold and silver mineralisation which included 18g/t Gold and 398 g/t Silver 1. The hole intersected high-grade silver and gold anomalism similar to that found in outcrop.

The oxidised intersection at 110 metres downhole returned the following high-grade intersection: DCD-01: 1.8m @ 1.28g/t Au, 190g/t Ag, from 111.09m, incl. 0.7m @ 2.4g/t Au, 361g/t Ag, from 112.16m.