G2 Goldfields Inc. Appoints Stephen Stow as an Independent Director; Provides Sandy Lake Gold Project Update
The company also reported the continuation of the diamond drilling program at the NW Arm of the Weebigee Claim package. A total of 5 diamond drill holes varying in length from 240 meters to 340 meters have been completed to date; drilling at DDH 6 is underway. The core is currently being logged and split for assay. This orientated core logging program will enable its geological team to determine the structural and lithological controls of the mineralisation encountered in the NW Arm where the current program has been focussed. Gold mineralisation at Sandy Lake is hosted within a greenstone sequence of Volcanics, Sediments and Banded Iron Formation analogous to the Musselwhite district located 150km to the SE. This drill program in the NW Arm, where previous outcrop sampling has returned values of up to 113 g/t gold, will target zones of high chargeability within magnetic (iron rich) units around the closure of a regional scale, SE plunging fold.