Witlage Target
Drilling was completed on three sections over a strike length of 570 metres and a very strong shear zone was intersected over a strike length of 150 metres in NP-21-12 to 16 which are in the vicinity of surface rock chip samples that contain up to 27.98 grams gold per tonne reported previously (https://79north.ca/wp-content/uploads/2021/04/79North-assays-from-the-Nassau-Project-Final.pdf). Local gold-bearing intersections were obtained in NP-21-13 and 14 (see table below) and high-grade intersections were obtained in saprolite and below saprolite in bedrock on the section with scissor holes NP-21-15 and 16 (see tables below and Exhibits 1 and 2). The bedrock gold is associated with altered and sheared volcanic rocks, fine-grained felsic intrusive rocks, and fine-grained mafic dikes crosscut by quartz veins with associated pyrite. Gold values range up to 383.20 grams gold per tonne in highly oxidized saprolite and up to 99.58 grams gold per tonne in fresh bedrock. The highest gold grade of 383.20 grams gold per tonne occurs in a zone of highly oxidized saprolite that may be an oxide blanket associated with the shear zone observed in fresh bedrock. The gold-bearing oxide zone has an approximate thickness of 10 metres. The Company is evaluating further drilling of the oxide blanket with triple tube or hollow stem auger drilling to obtain greater core recovery of this material in the future.
Significant Intercepts
Hole NP-21-13
Sample | From m | To m | Core Length m | Au ppb | Au grams/tonne | Comment |
59197 | 40.00 | 41.00 | 1.00 | 3,740 | 3.74 | Pyrite and quartz veinlets in sheared felsic volcanic |
Hole NP-21-14
Sample | From m | To m | Core Length m | Au ppb | Au grams/tonne | Comment |
59296 | 84.00 | 85.00 | 1.00 | 1,529 | 1.53 | Pyrite and quartz veinlets in sheared felsic volcanic |
Hole NP-21-15
Sample | From m | To m | Core Length m | Au ppb | Au grams/tonne | Comment |
59333 | 33.00 | 34.50 | 1.5 | 383,200 | 383.20 | Saprolite with quartz veinlets, recovery 31% |
59334 | 34.50 | 36.00 | 1.5 | 510 | 0.51 | Saprolite and duricrust with quartz veinlets, recovery 58% |
59335 | 36.00 | 37.50 | 1.5 | 121 | 0.12 | Saprolite and duricrust with quartz veinlets, recovery 51 to 64% |
59336 | 37.5 | 39.5 | 2.00 | 69 | 0.07 | Saprolite with quartz veinlets, recovery 51% |
No recovery | 39.50 | 44.00 | 4.50 | n/a | n/a | Saprolite, recovery 0% |
59337 | 44.00 | 45.50 | 1.5 | 345 | 0.35 | Saprolite with quartz veinlets, recovery 26% |
59338 | 45.50 | 47.00 | 1.50 | 1,092 | 1.09 | Saprolite with quartz veinlets, recovery 53% |
59339 | 47.00 | 48.50 | 1.50 | 220 | 0.22 | Massive clay zone at base of saprolite, recovery 31% |
59364 | 72.00 | 73.00 | 1.00 | 3,150 | 3.15 | Shear zone in foliated felsic volcanic |
59374 | 82.00 | 83.00 | 1.00 | 8,430 | 8.43 | Sheared felsic volcanic rocks with disseminated pyrite |
Hole NP-21-16
Sample | From m | To m | Core Length m | Au ppb | Au grams/tonne | Comment |
59413 | 46.00 | 47.00 | 1.00 | 2,080 | 2.08 | Foliated chloritic schist with disseminated pyrite and quartz veinlets |
59414 | 47.00 | 48.00 | 1.00 | 720 | 0.72 | Foliated chloritic schist with disseminated pyrite and quartz veinlets |
59415 | 48.00 | 49.00 | 1.00 | 420 | 0.42 | Foliated chloritic schist with disseminated pyrite and quartz veinlets |
59416 | 49.00 | 50.00 | 1.00 | 550 | 0.55 | Foliated chloritic schist with disseminated pyrite and quartz veinlets |
59417 | 50.00 | 51.00 | 1.00 | <30 | <0.03 | Foliated chloritic schist with disseminated pyrite and quartz veinlets |
59418 | 51.00 | 52.00 | 1.00 | 60 | 0.06 | Foliated leucocratic felsic schist with quartz veinlets and disseminated pyrite |
59419 | 52.00 | 53.00 | 1.00 | 1,000 | 1.00 | Foliated leucocratic felsic schist with quartz veinlets and disseminated pyrite |
59452 | 83.00 | 84.00 | 1.00 | 99,580 | 99.58 | Silicified, sheared felsic volcanic with disseminated pyrite |
Note: Drilling intersections are core length and may not be true width, 1,000 ppb = 1 gram/ton
Summary for non-technical readers
The drilling intersections reported herein were obtained in rocks that were very sheared, foliated, and altered. The main alteration mineral is in the form of quartz veins that contain gold. Oxidized rocks near the gold-bearing shear zone, which also contain quartz veins, also contain high grade gold concentrations and might be part of a horizontal “blanket” of gold-bearing oxide material.
Carbonara Target
A high silica alteration zone was intersected over a strike length of 2,500 metres. A secondary zone of hydrothermal alteration in mafic host rocks is associated with the high silica alteration zone. There were no commercially significant gold intercepts, although some core samples in drill holes NP-21-04 and NP-21-05 contained several hundred ppb gold, including 602 ppb gold over 2.00 metres in NP-21-06.
About
79North, is led by a team with extensive mineral exploration expertise and a track record of discoveries and exits in
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Statement of the Qualified Person
The scientific and technical information contained in this news release has been supervised, reviewed, and approved by
Please refer to the technical report of 79North entitled “NI-43-101 TECHNICAL REPORT –
EXPLORATION PROJECT, SIPALIWINI DISTRICT, SURINAME SOUTH AMERICA” dated effective
for further details. The technical report is available in 79North’s SEDAR profile at www.SEDAR.com.
Further Information
For further information please visit www.79North.ca or contact:
Telephone: | (416) 786-6348 | |
Email: | jon@79north.ca | |
info@79north.ca |
Analytical and QA/QC
Drill core (nominally NTW diameter) was transported from the drill rig to the field camp by ATV and cut in half with a core saw with a diamond blade. Half core samples generally 1.0 to 1.5 m in length were bagged in a plastic sample bag with a waterproof assay tag and the bag was sealed with a single use cable tie. Five core samples at a time were placed in a rice bag which was sealed with a single use cable tie. Samples were securely stored under constant supervision until they were shipped to the Actlabs sample preparation lab in
The drill core samples were analyzed by
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation, including information with respect to the exploration program at the
Exhibit 1. End of sample markers and photographs of Samples 59333 (383.20 g/t Au and 59338 (1.09 g/t Au).
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d8a0e71-bf68-4743-b9d6-bd7da49f2288
https://www.globenewswire.com/NewsRoom/AttachmentNg/4c10d4fb-8f50-4706-b405-b5ebcb8db4f2
Exhibit 2. Drilling section, NP-21-15 and 16.
https://www.globenewswire.com/NewsRoom/AttachmentNg/2b9dfafc-9dad-4171-9889-54b08dc3e9a7
![](https://ml.globenewswire.com/media/YWM5ZGEyMzctYzg3NC00NDFjLWEyNzMtMjU1NTBmZTEzMTU5LTExOTY4OTI=/tiny/79North-Inc-.png)
Exhibit 1
![](https://ml.globenewswire.com/media/6d8a0e71-bf68-4743-b9d6-bd7da49f2288/medium/exhibit-1.jpg)
End of sample markers and photographs of Samples 59333 (383.20 g/t Au and 59338 (1.09 g/t Au).
Exhibit 1
![](https://ml.globenewswire.com/media/4c10d4fb-8f50-4706-b405-b5ebcb8db4f2/medium/exhibit-1.jpg)
End of sample markers and photographs of Samples 59333 (383.20 g/t Au and 59338 (1.09 g/t Au).
Exhibit 2
![](https://ml.globenewswire.com/media/2b9dfafc-9dad-4171-9889-54b08dc3e9a7/medium/exhibit-2.jpg)
Drilling section, NP-21-15 and 16.
2022 GlobeNewswire, Inc., source