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Highlights:
- BBD1034: 8.9 m of 3.21 g/t gold including 1 m of 16.25 g/t gold
- BBC4995: 8 m of 3.04 g/t gold including 3 m of 5.71 g/t gold
- BBC4996: 18 m of 3.68 g/t gold including 8 m of 7.31 g/t gold
- BBC4997: 4 m of 3.74 g/t gold including 1 m of 13.35 g/t gold
- BBC4999: 11 m of 1.89 g/t gold including 4 m of 4.53 g/t gold
- BBC5000: 12 m of 3.09 g/t gold including 6 m of 5.16 g/t gold
On
The 2019 drill programme consisted of 1,374 m of diamond drilling and 608 m of reverse circulation drilling.
A small grade control drilling programme of 337 m was also completed on the Maga Hill target in
The drilling was extremely successful with the high-grade targets being intercepted in most of the holes. Significant results from the 2019 drill program are presented below in Table 1.
Table 1 - 2019 Drill Programme Results
Hole # | Section | From (m) | To (m) | Length (m) | Grade (g/t) Au |
3650 | 122.80 | 131.70 | 8.90 | 3.21 | |
incl. | 127.70 | 128.70 | 1.00 | 16.25 | |
3662.5 | 12.50 | 21.20 | 8.70 | 1.52 | |
incl. | 16.00 | 17.00 | 1.00 | 4.05 | |
and | 3662.5 | 77.60 | 87.10 | 9.50 | 2.15 |
incl. | 80.10 | 84.80 | 4.70 | 2.98 | |
3662.5 | 108.30 | 115.50 | 7.20 | 2.81 | |
incl. | 111.40 | 112.40 | 1.00 | 8.85 | |
3662.5 | 129.00 | 141.00 | 12.00 | 1.94 | |
incl. | 139.00 | 140.00 | 1.00 | 15.10 | |
3675 | 63.00 | 75.00 | 12.00 | 1.35 | |
incl. | 71.80 | 73.50 | 1.70 | 4.82 | |
3675 | 152.00 | 161.60 | 9.60 | 2.20 | |
incl. | 158.65 | 159.65 | 1.00 | 7.66 | |
3687.5 | 70.00 | 84.80 | 14.80 | 1.63 | |
incl. | 81.00 | 82.00 | 1.00 | 7.89 | |
BBC4995 | 3650 | 8.00 | 16.00 | 8.00 | 3.04 |
incl. | 9.00 | 12.00 | 3.00 | 5.71 | |
BBC4996 | 3650 | 27.00 | 45.00 | 18.00 | 3.68 |
incl. | 34.00 | 42.00 | 8.00 | 7.31 | |
BBC4997 | 3650 | 35.00 | 39.00 | 4.00 | 3.74 |
incl. | 35.00 | 36.00 | 1.00 | 13.35 | |
BBC4999 | 3662.5 | 22.00 | 33.00 | 11.00 | 1.89 |
incl. | 29.00 | 33.00 | 4.00 | 4.53 | |
BBC5000 | 3662.5 | 38.00 | 50.00 | 12.00 | 3.09 |
incl. | 39.00 | 45.00 | 6.00 | 5.16 | |
BBC5001 | 3662.5 | 52.00 | 54.00 | 2.00 | 6.90 |
incl. | 52.00 | 53.00 | 1.00 | 12.95 | |
and | 3662.5 | 57.00 | 62.00 | 5.00 | 7.70 |
incl. | 57.00 | 61.00 | 4.00 | 9.48 | |
BBC5004 | 3687.5 | 51.00 | 66.00 | 15.00 | 1.38 |
incl. | 54.00 | 57.00 | 3.00 | 3.44 | |
GCC0047 | 3525 | 31.00 | 38.00 | 7.00 | 1.50 |
GCC0052 | 3537.5 | 5.00 | 19.00 | 14.00 | 1.84 |
GCC0054 | 3512.5 | 7.00 | 14.00 | 7.00 | 1.48 |
GCC0055 | 3512.5 | 15.00 | 20.00 | 5.00 | 2.38 |
Incl. | 16.00 | 17.00 | 1.00 | 7.43 |
- The true width of the mineralization is approximately 90% of the drilled length.
Figure 1 - Location of the 2019 Drill Programme
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d903836c-0b00-46d9-bd7d-24b25564053f
Sampling, analytical and QA/QC protocols
The mineralized intervals are based on a lower cut-off grade (“LCOG”) of 0.45 gpt, a minimal width of 2 m and up to a maximum of 2 m of dilution being included between samples above the LCOG. The true width of the mineralization is approximately 90% of the drilled length. The RC drilling samples were divided by
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FORWARD-LOOKING INFORMATION AND FORWARD-LOOKING STATEMENTS:
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information and forward-looking statements (together, “forward-looking statements”) are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur.
Forward-looking statements in this release include statements regarding, among others; high-grade gold ore shoots at Maga Hill and the expectation that the improved definition of these discrete higher-grade zones in the next mineral resource update should have a positive impact on the mineral resource within the infill drilling areas when compared to the current resource model.
All such forward-looking statements are based on certain assumptions and analyses made by management and qualified persons in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances. The forward-looking information and statements are also based on metal price assumptions, exchange rate assumptions, cash flow forecasts, and other assumptions. Readers are cautioned that actual results may vary from those presented.
In addition, all forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, use of assumptions that may not prove to be correct, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management discussion and analysis filed on SEDAR on www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
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Source:
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