The Permit, which lies on the western margin of
Highlights
Extensive Gold at Surface: 80 m of 1.46 g/t Au, including 7 m of 4.1 g/t Au in Trench BANT-TR05 at Target 7.
Potential for a Significant Gold System: This trench sampled strongly deformed and hydrothermally altered felsic volcanics with individual trench samples returning up to 1 m of 14.8 g/t Au.
Additional Exploration Upside: This Trench is located at Target 7, where initial drilling intersected gold mineralization along a 500 m long section of the Tinkisso Fault. The mineralized structure remains open to the south.
High-
Target 7
BANT-TR-05, located at Target 7, is oriented north south, has a length of 124m and an average depth of 3m. Trench BANT-TR-05 exposes saprolitized bedrock of strongly deformed and hydrothermally altered felsic intrusive . The rock is generally brecciated with stringers of quartz veinlets stockworks and boxwork after sulphide. The trench was sampled at 1 meter interval and 27 samples returned gold values over 1 g/t with the highest being 14.84 g/t, 12.65 g/t, 9.83 g/t, 7.77 g/t and 6.04 g/t Au. BANT-TR-05 returned 80 m of 1.46 g/t Au, including 7 m of 4.1 g/t Au and further 4 m of 1.02 g/t Au at the northern end of the trench
Previous reported Channel sampling along access track exposures at Target 7 returned 40 m of 1.2 g/t Au, including 4 m of 5.4 g/t Au in channel BANT-TR-and Channel BANT-TR-01 which returned 43 m of 1.1 g/t Au, including 6 m of 4.2 g/t Au . Both channel sample intervals ended in mineralization in both directions. The opening of BANT-TR-05 was targeted to locate the end of the mineralized system.
An additional 6 rock chip grab samples were collected from saprolitized felsic intrusive rock at Target 7 in proximity to BANT-TR-05 and returned values of up to 20.23 g/t Au . These samples were comprised of highly sheared, hydrothermally altered and locally brecciated felsic intrusive with stringers of quartz veinlets and boxwork after sulphide.
Gold mineralization at Target 7 is associated with a northwest striking and shallowly southwest dipping felsic intrusive that extends for over 700 m along strike and 150 m in width. The Company has drilled a total of 1,603 m in 14 RC holes at Target 7. Highlights from this drilling included:
0.91 g/t Au over 9 m, including 1.55 g/t Au over 1 m and 2.11 g/t Au over 2 m (BANT-RC-23), and
0.87 g/t Au over 13 m, including 1.65 g/t Au over 3 m and further downhole 3.47 g/t Au over 1 m (BANT-RC-22).
Target 7 is located within a 700 m long area extensively worked by small-scale artisanal miners. Drilling to date at this target has not intersected the high-grade mineralization exploited by artisanal miners and it is interpreted that the relatively shallow drilling completed to date has been exclusively within areas where the high-grade mineralization has been mined out from surface to at least 60-70m.
Results from BANT-TR-05, and rock chip samples, combined with previous channel sampling and initial drill results from Target 7 confirm the presence of an extensive gold mineralized corridor associated with altered and deformed felsic intrusive rock. Mineralization is open in all directions and ongoing work, including Induced polarization (IP) geophysics is focused on delineating targets for the next phase of drilling at Bantabaye.
Quality Assurance / Quality Control ('QA/QC')
Sampling was completed following industry best practices, conducted under the supervision of the Company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. An appropriate number and type of certified reference materials (standards) and blanks totaling 5% of the total number of samples shipped to the laboratory was inserted approximately every 20th sample to ensure an effective QA/QC program was carried out. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. All samples were analyzed using Fire Assay (FA505) at the
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