Company has released results from 23 holes from its phase 2 diamond drilling program.

With gold reserves totaling less than 20 years’ worth of production, the fate of Nevada’s mining industry is now in the hands of its explorers.

Recent drilling has intersected 132.5 g/t Au and 8,560 g/t Ag over 0.9 metre core length.

The US could learn a lot from what happened to Rome; debasement of its currency spelt the beginning of the end of the Roman Empire.

The funding will allow the company to continue exploring high-priority targets within its Golden Promise property.

Beijing's move reinforces its standing as one of the major official accumulators as central banks stock up on the precious metal.

This is not the first time the Río Blanco gold-silver project is targeted.