The Property is located approximately 40 km southwest of
The 3,200-meter drill program at the Property marks the first documented drilling to follow-up the significant gold mineralization in the two drill holes described by Groves in 1985. Although specific details from this historical drilling are no longer accessible, Groves described an approximate 30 m interval of gold mineralization consistent with surface results.
The Company's initial series of drill holes will aim to confirm the historically reported results of Groves (1985) and provide further details on the geometry of the
'Collaring of the first drill hole by Ophir at the Breccia Gold Property is a clear milestone,' comments
The target exploration model at the Property is a low-sulphidation epithermal system, which is supported by coincident anomalous geochemistry (Au, Ag, As, Sb) with lack of base metals, presence of bladed quartz replacing calcite, and sheeted veins. Collectively, these features suggest a very low level of erosion and strong potential for significant gold mineralization at depth.
The Company is fully permitted for up to 45,900 ft (13,900 m) of diamond drilling on the Property with the initial spring/summer program anticipated to consist of at least 10,500 ft (3,200 m).
Although relevant, the Company cautions that the historical information presented above was completed prior to the implementation of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ('NI 43-101') requirements, and therefore provides an indication of the exploration potential of the Property but may not necessarily be representative of expected results from drilling carried out by Ophir.
About the Breccia Gold Property
The Breccia Gold Property consists of 98 claims covering approximately 1,973 acres (798 ha) within the
About the Company
Contact:
Tel: 1 (604) 365 6681
Email: swestcott@ophirgoldcorp.com
Cautionary Note
The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.' Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
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