Today's results successfully:
- Confirmed the potential to further expand the resource along strike to the west within a 1.5 kilometre long gold-in-soil geochemical anomaly and
- Highlighted the potential for further expansion drilling to increase the overall resource grade.
HOLE | AZIMUTH | DIP | DEPTH | FROM | TO | INTERVAL | AU |
GS2333 | 360 | -50 | 632.2 | 106.7 | 107.6 | 0.9 | 12.15 |
165.2 | 202.4 | 37.2 | 0.66 | ||||
355.7 | 632.2 | 276.5 | 1.76 | ||||
including | 355.7 | 404.5 | 48.8 | 1.31 | |||
including | 438 | 505.1 | 67.1 | 4.25 | |||
including | 502 | 505.1 | 3.1 | 79 | |||
including | 608.3 | 632.2 | 23.9 | 4.09 | |||
including | 614.4 | 617.5 | 3.1 | 24.2 | |||
GS2331 | 360 | -50 | 543.2 | 19.4 | 37 | 17.6 | 0.56 |
215.5 | 259.4 | 43.9 | 0.92 | ||||
276.5 | 288 | 11.5 | 2.0 | ||||
370.9 | 406.8 | 35.9 | 1.41 |
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. |
Hole GS2333 was the furthest southwest hole drilled in the 2023 program. Collared 200 metres west of previous drilling, outside the existing resource and within a 1.5 kilometre long gold in soil geochemical anomaly., the hole intersected 4.25 g/t Au over 67.1 metres from 438 to 505.1metres and bottomed in strong mineralization intersecting 4.09 g/t over 23.9 metres.
Hole GS2331 targeted the area to the north of the known historic veins, intersecting several zones of higher-grade mineralization, including 2.0 g/t over 11.5 metres from 276.6 metres to 288 metres and 1.41 g/t Au over 35.9 metres from 370.9m to 406.8 metres. Further drilling will be required to follow up on the higher-grade mineralization intersected in GS2331 and GS2333.
Holes GS2322, GS2321 and GS2320 were aimed at confirming the mineralization boundaries to the north of the existing resource in the
HOLE | AZIMUTH | DIP | DEPTH | FROM | TO | INTERVAL | AU |
GS2322 | 360 | -70 | 537.4 | 34.1 | 43.7 | 9.6 | 0.91 |
145.1 | 182 | 36.9 | 0.56 | ||||
467 | 491 | 24 | 0.76 | ||||
GS2321 | 360 | -70 | 551 | 72.6 | 80.6 | 8 | 0.64 |
134 | 149 | 15 | 0.67 | ||||
346.7 | 362 | 15.3 | 0.55 | ||||
441 | 465 | 24 | 0.47 | ||||
526 | 536 | 10 | 0.84 | ||||
GS2320 | 360 | -70 | 536 | 227 | 243.2 | 16.2 | 0.68 |
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. |
The current program is designed to test the boundaries, expand, and infill the current mineral resource estimate (
The drill program conducted in 2023 has continued to intersect broad zones of mineralization with definitive zones of higher-grade mineralization. The mineralization style comprises discrete veins and stockwork accompanied by pervasive silification, which has been demonstrated to extend over a 1.5 kilometre strike length. Additionally, it is noteworthy that the mineralization continues to be intersected west of the
Assays are still pending for the
A plan map showing the locations of the reported holes and Sections 478500E and 478900E can be found here:
https://freegoldventures.com/site/assets/files/6305/goldensummit_dolphin-cleary_resource_drilling_western_a_1.pdf
https://freegoldventures.com/site/assets/files/6305/newsrelease_dec2023_sections_478900.pdf
https://freegoldventures.com/site/assets/files/6305/newsrelease_dec2023_sections_478500.pdf
Assays are pending for the following holes:
Zone | Hole Numbers |
Dolphin | GS2323 – GS2328 |
Tolovana Vein Swarm west of | GS2332, GS2334 – GS2337 |
SZ2301 – SZ2307 | |
The number of Holes yet to be reported | 18 |
A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by
A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.
The Qualified Person for this release is
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Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See
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