In 2021, Moose Mountain Technical Services ('MMTS') produced a resource estimate for the
The resource estimate includes 252 drill holes. Drill results indicate zones of 'bulk-tonnage type' gold mineralization, with multiple holes containing 100 metre wide zones averaging >1 g/t gold. Several holes also intersected higher grade gold, indicating a gold-enriched zones, spatially related to faults and geological contacts. Drilling to date has also intersected 154 high grade structural shoots of 5.08 to 240.07 g/t gold over average 1.5 metre widths occurring largely within the homogenous lower grade halos. The table below summarizes the Total Mineral Resource estimate for the
In the 2021 Technical Report MMTS recommends, that although the resource database has been verified and is deemed acceptable, a robust check assay sampling program including QAQC samples be conducted using a certified laboratory comprising 5-10% of core for years for which drill core is available to compensate for missing certificates, lack of QAQC samples in historic core and a potential bias noted in the 2012 drilling QAQC and 2001-2002 check assays.
The majority of the core resampling has now been completed with 26 holes remaining to be sampled. Completed resampling to date consists of 438 core samples and 91 QAQC inserted blanks and standards to bring the sampling protocols up to current quality control standards.
Core samples are analysed by
Upon completion of the sampling program, this information along with results from 31 holes from West's diamond drill programs (see News Releases dated
The Company would also like to announce that it has entered into an investor relations services agreement with
Nader Vatanchi, the Company's Chief Executive Officer, said 'with the recent rise in gold prices as of
About
For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.com.
Contact:
Nader Vatanchi
CEO
nadervatanchi@hotmail.com
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Certain statements contained in this press release constitute 'forward-looking information' as such term is defined in applicable Canadian securities legislation. The words 'may', 'would', 'could', 'should', 'potential', 'will', 'seek', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company's mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
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