The property is located within central
'We are very encouraged by our initial exploration program on the Golden Trust Gold Property. The proportion of soil samples anomalous for gold is significant with anomalous samples concentrated in a few areas representing targets for 2021 exploration. A northeast trending fault is also reported in this region of the property, representing a favourable structure for gold mineralization.'
The 2020 reconnaissance soil sampling program was conducted within the northern region of the Golden Trust Property. Twenty-three samples (approximately 18% of the samples) returned anomalous values of 6-52 ppb gold of which eleven samples (approximately 9% of samples) returned 11-52 ppb gold and 4 samples exceeded 20 ppb gold (24-52 ppb Au). The gold anomalies occur as single sample anomalies and as clusters of anomalous samples. Highlights include:
Sixteen of 50 samples (approx. 32%) along an approximate 1.3-kilometer section of a soil line returned 6-26 ppb gold with 6 samples returning 11-26 ppb gold. A northeast trending fault is reported in this region.
Three of six samples along an approximate 130-meter section of a soil line returned gold values of 14, 19 and 52 ppb.
Scattered additional gold anomalies up to 28 ppb gold.
Key points for the Golden Trust Property include:
Southern boundary is located 1 km north of the
Within the prospective Victoria
Within the Exploits Subzone of the
Government till samples (2008) returned elevated to anomalous values for gold in various regions of the Golden Trust Property.
The property, totalling 2,400 hectares, occurs within an under-explored area of the
The 2020 soil samples were analyzed by
Readers are warned that mineralization at the
Contact:
Tel: 604-488-3900
About
This press release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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