Drill Highlights
0.55 g/t oxide Au over 54.86 m in drill hole GS21-31,from a depth of 19.81 metres, including 1.34 g/t
Au over 3.05 m
1.01 g/t oxide Au over 13.72 m in drill hole GS21-32from a depth of 24.38 metres, including 2.71 g/t Au over 3.05 m
0.87 g/t oxide Au over 13.72 m in drill hole GS21-27from a depth of 15.24 metres, including 1.5 g/t Au over 4.57 m
New gold discovery made at the Tango Target in the northern portion of
Tango represents a step out of over 500 metres from the next closest drill holes at the
An additional 15 drill holes drilled at the Tango Target all intercepted intervals of near surface, oxidized gold mineralization over an area of 250 x 500 metres
Tango was identified by soil and rock geochemical sampling and was never before drilled; all holes drilled by
Road cut sampling and additional detailed mapping are underway to refine targeting ahead of the next phase of drilling
'We are ecstatic to have discovered a large new zone of oxidized gold mineralization at
The Tango Discovery
Tango is located 500 metres to the NE of the
Tango is hosted at the Devonian limestone/shale contact, host to
The Devonian limestone/shale host at Tango and Alpha is underexplored at
Gold mineralization at Tango is mostly hosted within decalcified and variably oxidized and silicified
Northwest and North-South striking, high angle faults control the gold mineralization at Tango
Tango is open for expansion, particularly to the south and west About the
Green Springs is located near the southern end of the Cortez Trend of
About
Contact:
Tel: +1 (604) 449-3361
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
Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
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