Highlights
Mildred Mine area- grab and character sampling yielded a grab sample running 26.6 g/t Au and 78.6 g/t Ag
- another sample running 667 g/t Ag (21.4 ounces per tonne) and 0.41 g/t Au
- most other samples contain elevated base metal contents (copper to 6.3%, zinc to 8.36% and lead to 3.06%) and "pathfinder" elements (e.g., bismuth, tellurium, and tungsten) along with anomalous gold and silver (Table I).
- Glitra/Sat property
- All sixteen samples collected yielded strongly anomalous results for gold, silver, assorted epithermal gold pathfinders (e.g., arsenic, antimony, and bismuth), and along with the extensive gold-in-soil geochemical anomaly at Sat and the presence of widespread silver-gold epithermal mineralization on adjacent properties, the results are suggestive of excellent potential (Table II).
Betty East - Consistently elevated values for epithermal precious metals system pathfinder elements such as arsenic, bismuth, and antimony, along with values of up to 0.53 g/t Au and 646 g/t Ag (20.8 ounces per tonne), the results are suggestive of the presence of a high-level epithermal system (Table III).
*Note that grab samples are selective samples and not necessarily representative of mineralization on the Company's properties.
About the Nevada Projects
The Mildred claims, the historical Mildred mine, and the nearby
Glitra/Sat
The Glitra/Sat claims are located in
The
1. | https://kinrossworld.kinross.com/en/location/round-mountain/ (Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company's properties.) |
Next Steps
Starting in
Investor Relation Services
The Company has entered into a 3-month agreement with
Stock Option Issuance
The Company has granted a total of 1,570,000 incentive stock options to certain directors, officers, employees and consultants of the Company pursuant to the Company's Stock Option Plan. The options are exercisable at
Technical data pertaining to this new release was reviewed and approved by Charles
Table I. Rock sample geochemistry--
Sample | Project/Zone | Au | Ag | Cu | Pb | Zn | As | Bi | Hg | Mo | Sb | Te | W |
D009957 | <0.01 | 3.5 | 65.2 | 427 | 1130 | 27 | 6.72 | 0.07 | 17.1 | 11.9 | 0.19 | 13.15 | |
D009958 | 2.8 | 89.3 | 43.9 | 3450 | 12300 | 64.9 | 100.5 | 2.62 | 412 | 9.22 | 2.98 | 20.5 | |
D009956 | 0.03 | 3.79 | 1830 | 448 | 566 | 3430 | 3.59 | 0.89 | 27.1 | 176.5 | 0.2 | 0.36 | |
D009955 | 0.01 | 23.3 | 17400 | 7.1 | 458 | 27.6 | 2.41 | 0.72 | 18.65 | 17.3 | 0.11 | 13.85 | |
875071 | Mildred | <0.01 | 0.18 | 22.1 | 47.7 | 1160 | 3.7 | 0.09 | 0.01 | 1.87 | 1.92 | 0.03 | 2.18 |
875075 | Mildred | 26.6 | 78.6 | 4260 | 713 | 4840 | 133 | 165.5 | 7.23 | 123.5 | 4.95 | 5.5 | 113 |
875076 | Mildred | 0.41 | 667 | 22000 | 30600 | 83600 | 64.5 | 1260 | 4.27 | 712 | 11.45 | 36.4 | 510 |
875073 | Mildred | 0.16 | 142 | 63500 | 555 | 15100 | 8 | 891 | 3.22 | 44.6 | 2.17 | 8.03 | 60.4 |
875072 | Mildred | 0.1 | 222 | 8.8 | 23600 | 48500 | 9.7 | 464 | 1.88 | 15.25 | 1.9 | 15.8 | 300 |
875074 | Mildred | 0.05 | 11.9 | 1120 | 656 | 9620 | 28 | 28.5 | 2.1 | 110.5 | 13.5 | 1.49 | 167.5 |
875077 | Mildred | 0.03 | 10.2 | 1270 | 206 | 21400 | 18.1 | 13.2 | 1.86 | 68.9 | 3.57 | 0.61 | 50.8 |
875070 | Mildred | 0.01 | 23.8 | 10400 | 1305 | 18050 | 5 | 11.1 | 1.59 | 20.3 | 2.72 | 0.76 | 81.4 |
Table II. Rock sample geochemistry--Glitra and Sat properties.
Sample | Project/Zone | Au | Ag | Cu | Pb | Zn | As | Bi | Hg | Mo | Sb | Te | W |
R875062 | Glitra | 0.48 | 0.83 | 38.6 | 4.5 | 8 | 326 | 0.1 | 0.07 | 5.18 | 2.24 | 0.07 | 0.1 |
R875059 | Glitra | 0.42 | 1.07 | 15.2 | 5.6 | 35 | 480 | 0.26 | 0.09 | 5.25 | 6.13 | 0.04 | 0.12 |
R875058 | Glitra | 0.34 | 1.17 | 5.4 | 2.9 | 16 | 64.6 | 0.05 | 0.08 | 13 | 1.88 | 0.09 | 0.23 |
R875066 | Glitra | 0.34 | 1.37 | 8.9 | 8.9 | 23 | 435 | 0.05 | 0.24 | 17.65 | 6.4 | 0.04 | 0.34 |
R875064 | Glitra | 0.31 | 0.62 | 6.1 | 3.1 | 8 | 40.4 | 1 | 0.01 | 4.99 | 0.76 | 0.21 | 0.12 |
R875057 | Glitra | 0.22 | 2.89 | 11.5 | 8.1 | 33 | 73.3 | 4.89 | 0.03 | 19.65 | 1.67 | 0.21 | 0.2 |
D009967 | Glitra | 0.21 | 1.5 | 22.9 | 22.3 | 24 | 48.2 | 0.09 | 0.08 | 4.72 | 10.6 | 0.06 | 0.06 |
R875060 | Glitra | 0.19 | 0.49 | 17.5 | 4.9 | 73 | 221 | 0.06 | 0.08 | 3.31 | 2.66 | 0.03 | 0.05 |
R875067 | Glitra | 0.19 | 0.6 | 4.5 | 2.7 | 13 | 64.2 | 0.03 | 0.01 | 7.14 | 0.84 | 0.01 | <0.05 |
R875065 | Glitra | 0.17 | 0.36 | 3.6 | 1.2 | 3 | 6.1 | 0.2 | 0.01 | 4.13 | 0.35 | 0.08 | <0.05 |
R875055 | Glitra | 0.16 | 1.23 | 5.9 | 3.3 | 15 | 50.3 | 0.69 | 0.01 | 8.8 | 1.23 | 0.08 | 0.1 |
D009965 | Glitra | 0.16 | 1.41 | 22.4 | 28.4 | 44 | 166 | 0.38 | 0.35 | 3.06 | 9.97 | 0.09 | 0.15 |
D009966 | Glitra | 0.12 | 0.73 | 22.7 | 12.6 | 25 | 76.6 | 0.06 | 0.03 | 1.11 | 3.84 | 0.02 | 0.1 |
R875063 | Glitra | 0.09 | 4.88 | 13.6 | 24.5 | 15 | 478 | 25.9 | 0.15 | 8.05 | 3.74 | 0.41 | 0.29 |
R875056 | Glitra | 0.07 | 6.06 | 38.5 | 8.9 | 44 | 150.5 | 11.2 | 0.03 | 12.65 | 1.43 | 0.56 | 0.38 |
R875069 | Sat | <0.01 | 0.04 | 12.3 | 1.3 | 41 | 1.4 | 0.03 | 0.02 | 2.14 | 0.15 | <0.01 | 0.36 |
R875068 | Sat | 0.61 | 8.69 | 3.7 | 7.3 | 13 | 335 | 0.1 | 6.66 | 7.08 | 54.2 | <0.01 | 0.69 |
Table III. Rock sample geochemistry--
Sample | Project/Zone | Au | Ag | Cu | Pb | Zn | As | Bi | Hg | Mo | Sb | Te | W |
R875079 | Betty E | <0.01 | 0.03 | 17.5 | 1.7 | 250 | 245 | 0.04 | 0.03 | 7.81 | 4.31 | 0.01 | 0.4 |
D009960 | Betty E | <0.01 | 0.17 | 43.9 | 19.4 | 41 | 176 | 0.25 | 0.01 | 41 | 10.75 | 0.04 | 0.45 |
D009963 | Betty E | <0.01 | 0.26 | 101 | 2.8 | 15 | 439 | 0.3 | 0.02 | 2.33 | 8.39 | 0.24 | 2.11 |
D009964 | Betty E | 0.53 | 646 | 6590 | 8750 | 608 | 2550 | 13.85 | 23.9 | 31.9 | 3880 | 19.85 | 0.16 |
D009962 | Betty E | 0.31 | 0.84 | 60.7 | 21.1 | 13 | 292 | 19.05 | 0.01 | 3.23 | 11 | 0.54 | 0.08 |
D009959 | Betty E | 0.1 | 1.57 | 108.5 | 39.1 | 86 | 5230 | 2.66 | 0.03 | 3.55 | 22.4 | 0.13 | 0.3 |
R875078 | Betty E | 0.03 | 0.31 | 9.9 | 3.7 | 3 | 442 | 0.45 | 0.02 | 3.19 | 0.79 | 0.08 | 0.19 |
R875080 | Betty E | 0.03 | 29 | 36100 | 49.1 | 5560 | 1220 | 0.9 | 8.12 | 9.83 | 502 | 0.31 | 0.6 |
R875081 | Betty E | 0.03 | 7 | 188.5 | 8.2 | 247 | 569 | 0.52 | 3.91 | 16.85 | 162 | 0.18 | 0.14 |
D009961 | Betty E | 0.01 | 0.19 | 41.2 | 11.4 | 52 | 202 | 1.16 | 0.01 | 0.85 | 2.47 | 0.01 | 0.09 |
ON BEHALF OF THE BOARD
"Sonny Janda"
_________________
Sonny Janda, Director
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of certain agreements and development. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include Covid-19 restrictions, market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward- looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
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