To date, 5,600 metres have been completed in 10 core holes and 31 reverse circulation drill holes. Results are pending for an additional 36 holes as of the date of this release. A further 1,700 metres of drilling are currently planned for the remainder of current program.
Zulu Zone Drill Highlights
1.14 g/t oxide Au over 25.9m in hole GS20-05, 80% Cyanide recovery
Including 1.4 g/t Au over 15.2m
Extends gold mineralization 200m south of the Echo zone
GS20-05 adds a third control point to two existing intercepts of gold mineralization drilled in 1987 (0.62 g/t Au over 18.2m in hole 87-559, and 0.29 g/t Au over 4.5m in hole 87-545)
These three holes containing gold mineralization confirm Zulu as a defined zone of gold mineralization
There is now continuous oxide gold mineralization in drilling, over 200m, from Echo to Zulu when combined with hole GS20-03 at the
Gold mineralization at the
'The drill results announced today validate our targeting methodology through the drill bit,' stated
About the
Green Springs is located near the southern end of the Cortez Trend of
Drill intercepts were calculated using a minimum thickness of 3.05 metres averaging 0.14 ppm gold and allowing inclusion of up to 4.57 metres of material averaging less than 0.14 ppm gold for low grade intervals and higher grade intervals were calculated using a minimum thickness of 3.05 metres averaging 1.00 ppm gold and allowing inclusion of up to 4.57 metres of assays averaging less than 1.00 ppm gold. Gravimetric assays are used for all Fire Assays above 4.00 ppm gold. Cyanide solubility assays are completed on all Fire Assays greater than 0.1 g/t. True width of drilled mineralization is unknown, but owing to the apparent flat lying nature of mineralization, is estimated to generally be at least 70% of drilled thickness. The composited grades for comparison to the Bottle Roll assays are weighted averages of the amount of pulp used from individual 5 foot assays. Quality Assurance / Quality Control consists of regular insertion of certified reference standards, blanks, and duplicates. All failures are followed up and resolved whenever possible with additional investigation whenever such an event occurs. All assays are completed at Paragon; an ISO 17025:2005 accredited lab. Check assays are completed at a second, reputable assay lab after the program is complete.
About
Contact:
Tel: +1 (604) 449-3361
Email: info@ContactGold.com
Cautionary Note Regarding Forward-Looking Information
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to the anticipated exploration activities of the Company on the Green Springs property.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: impacts arising from the global disruption by the Covid-19 coronavirus outbreak; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to
(C) 2020 Electronic News Publishing, source