St. John's NFLD -
Summary
New gold intercepts at the Helmi Discovery include: 1.46 g/t Au over 33.00 m from 175.00 m and 2.11 g/t Au over 21.70 m from 216.00 m (IKK22034), 1.40 g/t Au over 9.75 m from 147.25 m and 2.82 g/t Au over 4.80 m from 184.35 m (IKK22033), Mineralization extended along strike to the west and up and down dip, Significant gold mineralization encountered in mafic-ultramafic and sedimentary rocks across the domain boundary
Scout drilling intersects new zones of gold mineralization o 5.70 g/t Au over 2.00 m from 20.10 m (KUE22017) o 1.64 g/t Au over 5.20 m from 192.80 m (KUE22013)
New zones of gold mineralization located 950 to 1,250 m west-northwest of the Helmi Discovery,
Summer drilling program ongoing
Comments
The winter drilling program was highly successful with gold mineralization intersected in 17 out of 18 holes drilled along the Helmi structural trend and in 5 out of 11 scout holes testing regional targets. These results extended the mineralized envelopes at Helmi and identified several new zones of gold mineralization approximately 1 km west-northwest of Helmi.' Commented
Winter 2022 drill program at Helmi
The Helmi Discovery is located approximately 1.3 km west of
The Helmi Discovery was made during the second half of 2021 and the maiden drilling program of 20 holes, totaling 5,201.5 m, which returned a number of significant intercepts including 1.84 g/t Au over 52.40 m, 1.73 g/t Au over 44.95 m, 1.42 g/t Au over 30.70 m, 1.42 g/t Au over 30.60 m, 1.46 g/t Au over 28.70 m and 1.11 g/t Au over 45.80 m.
Mineralization at Helmi is mainly hosted by strongly deformed and altered, quartz-carbonate veined ultramafic rocks and mafic tuffs with fine grained disseminated and veinlet pyrite and local disseminated and veinlet magnetite. Gold mineralization has also been encountered in sedimentary rocks across the domain boundary.
The mineralized zones at Helmi are open along strike and at depth. The Helmi area covers approximately 1.5 km strike length of the 8 km long structural corridor of which the majority remains untested.
A total of 29 holes, 6,552.40 m, were drilled at Helmi and nearby target areas from February to
This press release contains results for 6 holes (1,265.10 m) that targeted the Helmi Discovery and 6 scout holes (1,346.00 m) that tested regional targets.
At Helmi, the mineralization was extended along strike to the west and up and down dip. Scout drilling intersected new zones of gold mineralization approximately 950 to 1,250 m west-northwest of Helmi.
Drill hole IKK22027 was collared at the eastern end of Helmi, 110 m to the north from IKK21014 (1.78 g/t Au over 10.85 m) and was drilled from north to south. IKK22027 intersected a mineralized interval of 0.59 g/t Au over 5.00 m from 51.00 m.
Scout drill hole IKK22028 was collared 420 m to the northwest of Helmi and was drilled from north to south. IKK22028 did not intersect significant gold mineralization.
Drill hole IKK22031 was collared 80 m to the west from IKK22025 (1.46 g/t Au over 39.00 m) and was drilled from north to south. IKK22031 intersected two wide mineralized intervals of 0.98 g/t Au over 12.10 m from 160.50 m and 0.45 g/t Au over 13.60 m from 203.10 m. These intervals are westward extensions to the previously defined Helmi mineralization.
Drill hole IKK22032 was collared 70 m to the east from IKK22025 (1.46 g/t Au over 39.00 m) and was drilled from north to south. IKK22032 intersected six mineralized intervals of ?1 g/t Au between 44.00 and 135.55 m with a high of 1.06 g/t Au over 4.83 m from 104.90 m.
Drill hole IKK22033 was collared 170 m to the north from IKK21012 (0.45 g/t Au over 11.65 m) as a scissor hole and was drilled from north to south. Similar to IKK21012, IKK22033 intersected several mineralized intervals including 1.40 g/t Au over 9.75 m from 147.25 m and 2.82 g/t Au over 4.80 m from 184.35 m including 10.60 g/t Au over 0.45 m.
Drill hole IKK22034 was collared 60 m to the north from IKK22025 (1.46 g/t Au over 39.00 m) as an undercut hole and was drilled from north to south. IKK22034 intersected two significant mineralized intervals of 1.46 g/t Au over 33.00 m from 175.00 m including 3.19 g/t Au over 12.85 m and 2.11 g/t Au over 21.70 m from 216.00 m including 11.49 g/t Au over 1.65 m. These intervals are approximately 65 m down-dip extensions to the mineralization intersected in IKK22025. Notably, the lower mineralized zone occurs across the contact between ultramafic rocks and
Drill hole IKK22035 was collared 70 m to the north from IKK21013 (3.22 g/t Au over 5.00 m) as a scissor hole and was drilled from north to south. Similar to IKK21013, IKK22035 intersected two mineralized intervals including 1.15 g/t Au over 0.45 m from 166.65 m and 0.51 g/t Au over 2.30 m from 174.80 m.
Scout drill hole KUE22013 was collared approximately 1,080 m to the northwest of the Helmi Discovery and was drilled from north to south. KUE22013 intersected three mineralized intervals, 1.64 g/t Au over 5.20 m from 192.80 m including 4.90 g/t Au over 1.40 m, 2.16 g/t Au over 1.65 m from 219.65 m and 1.10 g/t Au over 3.95 m from 244.35 m.
Scout drill hole KUE22014 was collared approximately 1,130 m to the west-northwest of the Helmi Discovery and was drilled to the southwest. KUE22014 intersected three mineralized intervals, 1.35 g/t Au over 0.90 m from 48.35 m, 2.77 g/t Au over 0.50 m from 139.00 m and 2.03 g/t Au over 1.10 m from 173.40 m.
Scout drill hole KUE22017 was collared from the same site as KUE22014 and drilled from north to south. KUE22017 intersected a mineralized interval of 5.70 g/t Au over 2.00 m from 20.10 m including 7.93 g/t Au over 1.40 m.
Scout drill hole KUE22018 was collared approximately 1,220 m to the northwest of the Helmi Discovery and was drilled from south to north. KUE22018 did not intersect significant mineralization.
Scout drill hole KUE22019 was collared approximately 1,260 m to the west-northwest of the Helmi Discovery and was drilled from north to south. KUE22019 intersected two mineralized intervals, 0.85 g/t Au over 1.60 m from 120.75 m and 2.48 g/t Au over 2.80 m from 213.00 m including 3.67 g/t Au over 1.40 m.
Background
The JV (30% Aurion/70%
Quality Assurance and Quality Control
All samples were delivered to ALS preparation facility in Sodankyla,
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