Drilling Summary
- 85,000 meters have been drilled on Cariboo in 2021 designed to infill and expand known vein corridors. Assay results have been reported for the first 11,600 meters. The results for the remaining 73,400 meters are pending.
- Recent assay results include holes IM-21-012 to IM-21-023.
- Drillhole IM-21-014 tested both Shaft and Valley Zones, intersected multiple mineralized vein corridors in both zones, and within the Jack of Clubs fault. This shows continuous mineralization and expansion potential including 4.74 g/t Au over 5.45 meters in the
Shaft Zone , 10.15 g/t Au over 0.85 meters in the Jack of Clubs Fault, and 14.64 g/t Au over 7.20 meters in theValley Zone . (see attached cross section). Mosquito Creek assays included 15.90 g/t Au over 8.60 meters in hole IM-21-023 with multiple high-grade samples.- Detailed drilling results, a drill hole location plan map and vertical cross section are presented at the end of this release.
Recent Drilling Highlights:
- 15.89 g/t Au over 6.00 meters in hole IM-21-013 including
- 79.50 g/t Au over 1.10 meters
- 14.64 g/t Au over 7.20 meters in hole IM-21-014 including
- 83.80 g/t Au over 0.80 meter
- 7.66 g/t Au over 4.25 meters in hole IM-21-017
- 4.63 g/t Au over 6.60 meters in hole IM-21-017 including
- 31.10 g/t Au over 0.90 meter
- 56.35 g/t Au over 2.50 meters in hole IM-21-018 including
- 98.00 g/t Au over 1.10 meters
- 6.25 g/t Au over 5.30 meters in hole IM-21-020
- 9.49 g/t Au over 10.75 meters in hole IM-21-020
- 15.90 g/t Au over 8.60 meters in hole IM-21-023 including
- 42.20 g/t Au over 0.75 meter
Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding event’s folds and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2.0 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.
True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. Complete assay highlights are presented in Table 1, drill hole locations are listed in Table 2.
Figure 1: Cariboo deposit areas with drill locations is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7af6419-9e3f-498b-9e1f-b0372a30b205
Figure 2: Mosquito Creek Select drilling highlights is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/690a2365-1198-4aeb-befe-1b4cc840c9cc
Figure 3:
Figure 4:
Qualified Persons
Per National Instrument 43-101 Standards of Disclosure for Mineral Projects,
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at a secured facility in
Drill core samples are submitted to ALS Geochemistry’s (“ALS”) analytical facility in
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Forward-looking Statements
Certain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and
For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning
Neither the
Table 1:
HOLE ID | FROM M | TO (M) | LENGTH (M) | AU G/T | TARGET | |
IM-21-012 | No significant assays | MOSQUITO | ||||
IM-21-013 | 47.55 | 48.15 | 0.60 | 28.70 | MOSQUITO | |
102.00 | 102.80 | 0.80 | 35.80 | |||
130.50 | 136.50 | 6.00 | 15.89 | |||
INCLUDING | 133.50 | 134.60 | 1.10 | 79.50 | ||
158.50 | 159.60 | 1.10 | 3.10 | |||
223.00 | 224.00 | 1.00 | 8.86 | |||
245.45 | 247.60 | 2.15 | 8.80 | |||
263.50 | 264.15 | 0.65 | 6.43 | |||
IM-21-014 | 151.35 | 152.65 | 1.30 | 6.92 | SHAFT | |
INCLUDING | 151.35 | 152.00 | 0.65 | 11.50 | ||
201.90 | 202.50 | 0.60 | 15.20 | |||
208.90 | 214.35 | 5.45 | 4.74 | |||
INCLUDING | 208.90 | 210.00 | 1.10 | 8.10 | ||
AND | 210.00 | 210.60 | 0.60 | 5.83 | ||
AND | 213.75 | 214.35 | 0.60 | 17.75 | ||
266.00 | 266.85 | 0.85 | 10.15 | |||
283.25 | 287.00 | 3.75 | 3.73 | |||
INCLUDING | 286.40 | 287.00 | 0.60 | 15.20 | ||
336.20 | 336.85 | 0.65 | 3.68 | |||
345.50 | 348.50 | 3.00 | 3.58 | |||
INCLUDING | 346.90 | 347.70 | 0.80 | 7.22 | ||
AND | 347.70 | 348.50 | 0.80 | 5.51 | ||
361.25 | 368.45 | 7.20 | 14.64 | VALLEY | ||
INCLUDING | 361.25 | 361.75 | 0.50 | 20.90 | ||
AND | 364.10 | 364.90 | 0.80 | 83.80 | ||
AND | 364.90 | 365.55 | 0.65 | 33.90 | ||
AND | 367.85 | 368.45 | 0.60 | 8.42 | ||
394.15 | 397.80 | 3.65 | 4.59 | |||
INCLUDING | 394.15 | 395.00 | 0.85 | 14.50 | ||
AND | 397.10 | 397.80 | 0.70 | 4.64 | ||
416.20 | 416.85 | 0.65 | 6.17 | |||
IM-21-015 | 119.60 | 120.55 | 0.95 | 7.61 | MOSQUITO | |
IM-21-016 | 107.30 | 110.00 | 2.70 | 2.79 | SHAFT | |
INCLUDING | 109.50 | 110.00 | 0.50 | 5.98 | ||
192.85 | 193.35 | 0.50 | 3.64 | |||
264.50 | 265.00 | 0.50 | 7.19 | |||
IM-21-017 | 23.00 | 27.25 | 4.25 | 7.66 | MOSQUITO | |
INCLUDING | 23.00 | 23.50 | 0.50 | 15.15 | ||
AND | 23.50 | 24.00 | 0.50 | 28.40 | ||
AND | 24.50 | 25.60 | 1.10 | 7.38 | ||
51.30 | 57.90 | 6.60 | 4.63 | |||
INCLUDING | 57.00 | 57.90 | 0.90 | 31.10 | ||
134.80 | 136.00 | 1.20 | 20.90 | |||
190.00 | 190.50 | 0.50 | 8.92 | |||
219.80 | 220.30 | 0.50 | 11.35 | |||
345.50 | 346.00 | 0.50 | 7.70 | |||
360.95 | 361.50 | 0.55 | 3.68 | |||
411.50 | 412.25 | 0.75 | 3.05 | |||
416.70 | 417.50 | 0.80 | 6.53 | |||
469.50 | 470.00 | 0.50 | 4.09 | |||
496.75 | 497.25 | 0.50 | 40.00 | |||
608.00 | 609.00 | 1.00 | 3.55 | |||
666.00 | 666.50 | 0.50 | 10.15 | |||
IM-21-018 | 201.50 | 204.00 | 2.50 | 56.35 | MOSQUITO | |
INCLUDING | 201.50 | 202.00 | 0.50 | 57.20 | ||
AND | 202.00 | 203.10 | 1.10 | 98.00 | ||
242.00 | 242.60 | 0.60 | 5.37 | |||
IM-21-019 | 14.50 | 15.05 | 0.55 | 19.45 | MOSQUITO | |
69.50 | 70.00 | 0.50 | 18.75 | |||
IM-21-020 | 47.20 | 52.50 | 5.30 | 6.25 | SHAFT | |
INCLUDING | 47.20 | 47.70 | 0.50 | 16.50 | ||
AND | 51.50 | 52.50 | 1.00 | 23.80 | ||
242.00 | 242.55 | 0.55 | 9.47 | |||
307.50 | 308.45 | 0.95 | 16.70 | |||
350.75 | 361.50 | 10.75 | 9.49 | |||
INCLUDING | 350.75 | 351.80 | 1.05 | 24.10 | ||
AND | 354.45 | 355.75 | 1.30 | 18.85 | ||
AND | 357.50 | 358.40 | 0.90 | 5.05 | ||
AND | 360.10 | 361.50 | 1.40 | 32.00 | ||
IM-21-021 | 22.40 | 23.05 | 0.65 | 6.31 | SHAFT | |
32.05 | 33.20 | 1.15 | 4.48 | |||
67.75 | 68.30 | 0.55 | 4.83 | |||
81.00 | 81.75 | 0.75 | 5.37 | |||
IM-21-022 | 135.20 | 135.70 | 0.50 | 3.15 | MOSQUITO | |
IM-21-023 | 141.00 | 142.00 | 1.00 | 5.62 | MOSQUITO | |
189.00 | 197.60 | 8.60 | 15.90 | |||
INCLUDING | 189.00 | 189.50 | 0.50 | 8.68 | ||
AND | 190.00 | 190.50 | 0.50 | 24.70 | ||
AND | 192.25 | 193.00 | 0.75 | 42.20 | ||
AND | 193.00 | 194.00 | 1.00 | 17.75 | ||
AND | 194.00 | 195.00 | 1.00 | 24.10 | ||
AND | 196.00 | 197.00 | 1.00 | 28.10 | ||
AND | 197.00 | 197.60 | 0.60 | 26.60 | ||
202.50 | 204.45 | 1.95 | 3.76 | |||
INCLUDING | 202.50 | 203.00 | 0.50 | 5.09 | ||
AND | 204.35 | 204.45 | 0.10 | 32.00 |
Table 2: Drill Hole Locations and Orientations
HOLE ID | EASTING | NORTHING | ELEV | DIP | AZI | DEPTH (M) |
IM-21-012 | 593542 | 5885327 | 1407 | -58 | 300 | 108 |
IM-21-013 | 593903 | 5884907 | 1400 | -52 | 323 | 285 |
IM-21-014 | 594915 | 5884185 | 1294 | -53 | 99 | 550 |
IM-21-015 | 593542 | 5885328 | 1408 | -66 | 280 | 144 |
IM-21-016 | 594254 | 5884725 | 1410 | -50 | 111 | 375 |
IM-21-017 | 593903 | 5884908 | 1400 | -50 | 334 | 690 |
IM-21-018 | 593689 | 5885194 | 1396 | -45 | 142 | 261 |
IM-21-019 | 593542 | 5885329 | 1408 | -55 | 276 | 102 |
IM-21-020 | 594914 | 5884185 | 1293 | -59 | 133 | 396 |
IM-21-021 | 594254 | 5884724 | 1410 | -53 | 119 | 375 |
IM-21-022 | 593543 | 5885328 | 1409 | -71 | 318 | 159 |
IM-21-023 | 593688 | 5885194 | 1395 | -50 | 143 | 300 |
Figure 1: Cariboo deposit areas with drill locations
Figure 1: Cariboo deposit areas with drill locations
Figure 2: Mosquito Creek Select drilling highlights
Figure 2: Mosquito Creek Select drilling highlights
Figure 3: Shaft Zone select drilling highlights
Figure 3: Shaft Zone select drilling highlights
Figure 4: Shaft Zone and Valley Zone cross section
Figure 4: Shaft Zone and Valley Zone cross section
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