Highlights of the drilling include an intersection of 5.22g/t Au over 2.80 metres from 418.6 metres that included 22.02g/t Au over 0.4 metres in Hole K-22-214B which also included 8.62 g/t Au over 0.7 metres from 496 metres. This hole was a wedge off Hole K-22-214 that was previously abandoned in mineralization at 486 metres due to excessive fracturing after intersecting 1.19g/t Au over 41.8 metres from 397 metres that included 2.32g/t Au over 18.6 metres including 61.15g/t Au over 0.3 metres (see news release dated
Hole K-23-225, a 100m step out to the northeast intersected 1g/t Au over 10.1 metres from 46.9 metres, that included an interval of 2.28g/t over 2.26 metres containing visible gold.
The Big Vein SW zone was extended a further 60 metres to the southwest with intersections of 3.69g/t Au over 2.97 metres from 389.41 metres including 12.05g/t Au over 0.59 metres in Hole K-23-216 and 1.95g/t Au over 9 metres including 8.97g/t Au over 1.6 metres in Hole K-23-218.
“Our aggressive step outs to the northeast and southwest continue to intersect gold mineralization at Big Vein which has now been extended to 722 metres in strike length and remains open in both directions. In addition, the discovery of the Greenmantle zone demonstrates the potential for continued mineralization at depth,” said
Hole ID | From (m) | To (m) | Width (m) | Au (g/t) | Zone |
K-23-225 | 46.90 | 57.00 | 10.10 | 1.00 | Big Vein |
including | 47.64 | 49.90 | 2.26 | 2.28 | |
K-23-218 | 104.70 | 105.70 | 1.00 | 1.56 | Big Vein SW |
385.00 | 394.00 | 9.00 | 1.95 | ||
including | 386.10 | 387.70 | 1.60 | 8.97 | |
including | 386.10 | 387.00 | 0.90 | 12.18 | |
K-23-216 | 267.00 | 268.00 | 1.00 | 3.24 | Big Vein SW |
389.41 | 392.38 | 2.97 | 3.69 | ||
including | 389.41 | 390.00 | 0.59 | 12.05 | |
K-22-215 | 137.00 | 140.00 | 3.00 | 2.75 | Big Vein |
including | 137.77 | 138.24 | 0.47 | 14.37 | |
K-22-214B | 400.40 | 411.00 | 10.60 | 1.06 | Green Mantle |
including | 407.00 | 408.30 | 1.30 | 2.53 | |
418.60 | 421.40 | 2.80 | 5.22 | ||
including | 419.75 | 420.15 | 0.40 | 22.02 | |
442.65 | 448.00 | 5.35 | 1.19 | ||
473.00 | 475.40 | 2.40 | 1.20 | ||
496.00 | 496.70 | 0.70 | 8.62 |
Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.
Over 69,000 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,500 metres of core.
The Company has approximately
Figure 1. Plan map of Big Vein showing significant intersections.
Hole ID | Easting | Northing | Elevation (m) | Azimuth | Inclination | Depth (m) |
K-23-225 | 661623 | 5435460 | 47.7 | 145 | 50 | 275 |
K-23-218 | 661249.3 | 5434860 | 42.8 | 140 | 45 | 572 |
K-23-216 | 661299 | 5434884 | 42 | 140 | 45 | 526.24 |
K-22-215 | 661297.1 | 5434880 | 46.6 | 130 | 45 | 565 |
K-22-214 B | 661579 | 5435370 | 48.6 | 145 | 60 | 676 |
Table 2. Drill hole collar details
QA/QC
True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to
Qualified Person
The Company gratefully acknowledges the
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Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a933fde-2567-42e1-b694-134f973d74c2
Figure 1
Plan map of Big Vein showing significant intersections.
2023 GlobeNewswire, Inc., source