American Paramount Gold Corp. announced data results on the Cap Gold Project, Nye County, Nevada, USA. This prospect was first noticed in 1987, when 14 CAP claims were staked by Production Exploration Resources (PER), who drilled 5 reverse circulation (r.c.) holes in 1988 (562.4 m). Pegasus Gold Corporation, under a lease, completed soil geochemistry and drilled 29 reverse circulation holes (C1-29) for a total of 3,918 m. A 1.5 m of 24.4 ppm Au was intersected in hole C-6, and a 1.5 m of 11.0 ppm Au in hole C-8. These results prompted PER to drill 8 more r.c. holes (1,191 m). Significant intersections were cut in holes T-93-8, 6.2 ppm Au across 3 m, and in hole T-93-9, 6.5 ppm Au across 1.5 m. Then In 1994-1996, Kennecott drilled 11 r.c. holes (CG-1 to CG-11) for a total of 2,411 m. No high-grade intersections were obtained, although hole CG-1 intercepted long intervals of low-grade gold and silver. PER returned to drill a further 5 r.c. holes (T-00-14 to T-00-18) in 2000 totaling 1,972 m. Intersections were cut in hole T-00-15 of 15.4 ppm Au across 1.5 in, and in hole T-00-18 of 31.0 ppm Au across 5.0 1.5 m. In total, 10,773 m of r.c. drilling in 58 holes have been completed since 1988 with scattered Au values. Discovery of high-grade gold intervals (up to 31 g/t over 1.5 m) within larger low-grade haloes prompted more recent drilling efforts to locate high-grade gold-silver capable of supporting underground mining. Redhawk, who preceded American Paramount Gold as lessee, completed a gradient array resistivity survey (GAR) over the area in 2004, and drilled 5 large-diameter core holes totaling 1,720 m, with the presence of high gold grades 15.5 g/t Au over 1.2 m in hole AC2, and long intervals of low gold grades. This technique is well suited to such applications and is used extensively in the gold exploration industry. Wright recommended drilling 9 inclined core holes to intercept the anomalies near where previous holes had found values, and across geophysical trends. Large diameter core would better penetrate broken ground and reduce loss of oxidized values. This hole (12-1) was drilled (at 60 degrees) in November 2011- January 2012 to a depth of 398 m. The best value was 1.14 g/t over 2.2 m at 266-268.2 m, and had several values of 0.56-0.2 g/t over 30 m (360-390 m) downhole depth. Its cost ran considerably over budget due to the highly siliceous nature of the core, which contained garnets in the last 50 m, which might indicate the proximity to an intrusive.