(via TheNewswire)
Highlights:
A drill has been secured for approximately 4,000 meters at Beschefer to commence during the first half of February
A combination of infill and expansion targets are planned with a focus on extending the historical high-grade zones (55.63 g/t gold over 5.57 meters; 10.28 g/t gold over 8.00 meters, and 12.40 g/t gold over 3.78 meters)
January12, 2022 -TheNewswire -
Goldseek's President & CEO
We have a catalyst packed 2022 with a goal of drilling 10,000 meters at Beschefer and targeting a maiden resource towards the end of the year.”
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VIDEO: Goldseek CEO Update
Goldseek has budgeted approximately 4,000 meters of diamond core drilling for high priority infill and extension targets at its’
About the
Advanced gold exploration project with significant near-term resource potential
Located in a favourable orogenic gold setting 45 km northeast of the
Casa Berardi Mine and 30 km southwest of Wallbridge’sFenelon Gold Project .Highlights of the best intersections include4.92 g/t gold over 28.65 metersin hole BE-21-02(including 11.39 g/t over 9.1m),55.63 g/t gold over 5.57 metresin hole BE13-038 (including 224 g/t over 1.23m ; 13.95 g/t over 0.68m and 13.70 g/t over 0.73m),13.07 g/t gold over 8.75 metresin hole B12-014 (including 58.5 g/t over 1.5m),3.56 g/t gold over 28.4 metresin hole B14-006 (including 7.42 g/t over 5.5m), and10.28 g/t gold over 8.00 metresin hole B14-35 (including 86.74 g/t over 0.60m). True width in these sections vary between 89% and 99% of the intercepted witdh.
The mineralization shows high-grade gold-bearing structures hosted in a lower grade envelope, highlighting the regional potential along the already defined shear zones on the Property.
FIGURE 1 – BESCHEFER LONG SECTION (2021 RESULTS IN RED)
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Warrant Extension
The Company announces that it intends to extend the expiration date of 952,500 warrants (the “Warrants”) originally issued by the Company on
The Warrants are exercisable into common shares of the Company at a price of
Goldseek has significantly advanced its exploration projects since going public thanks to these long-term shareholders and is of the opinion that an extension of these warrants is justified.
Qualified Person
This press release was reviewed by
About
ON BEHALF OF THE BOARD
Chief Executive Officer
Telephone: 226-271-5170
For more information, please contact:
E-mail:goldseekresources@gmail.com
The reader is invited to visit Goldseek's web sitehttps://www.goldseekresources.com/
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws, including statements with respect to the Company’s future plans of Beschefer. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “targets”, “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to obtain all requisite approvals, including approval of the Canadian Securities Exchange and securities regulatory authorities, if required for a transaction or financing, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop Beschefer or its other projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associates with mineral exploration, changes in general economic conditions, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop its projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects, changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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