Gold Basin Resources Corporation reported the company's review and analysis of historical drill data on the Red Cloud deposit claims has highlighted the exciting potential of over 1 kilometre of potential strike extension of the mineralisation of the Stealth deposit at its 100%-owned Gold Basin project in Mohave County, Northern Arizona, USA. Further to the Company's Option Agreement whereby the company took an option to purchase an additional forty (40) unpatented BLM minerals claims that lie primarily in the area situated between the Cyclopic and Stealth deposits. The Company has been able to further assess historical drill data within these claim areas where the largest concentration of historical drill holes consisting of 39 holes (with an average depth of less than 70 metres) were in an area known as the Red Cloud deposit.

Whilst gold intersections at this location were previously known by the Company a new analysis of the data has enabled an accurate geo location of the holes in relation to the major structural features and the Stealth deposit. The position of the Red Cloud mineralisation correlates with a position along and straddling the Stealth fault, a major structural feature that the Company's recent geophysical interpretation has shown to extend several kilometres on an approximate NW-SE trend. The Stealth deposit lies along this fault and the historical Red Cloud drilling clearly suggests over 1 kilometre of potential strike extension of the oxide gold mineralisation between the two deposits.

The mineralisation intersected historically at Red Cloud starts from near surface and corresponds closely with the form and grade intersected with the Company's drilling at Stealth in its last drill program. These consistencies provide a great deal of optimism for future drilling. The current gap in drilling apart from 3 holes situated almost midway between the Stealth and Red Cloud deposits is over 600 metres in length and both deposits remain open both to the NW and SE along the Stealth Fault and at depth.

The Company's next phase of drilling is designed to test the drilling data gap between the Stealth and Red Cloud deposits and also extend the drilling SE along the fault zone through Red Cloud. The Company is also in the process of further evaluating a number of historical drillholes drilled on an East-West line between Cyclopic and Stealth in the northern section of the new claim areas that have also intersected gold mineralisation.