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Drillhole no GA-21-53 located in the Eastern portion of the Hendrick zone has intersected the gold bearing zone along 312 meters grading 1.18 G/T AuEq including 144 meters at a grade of 1.67 G/T AuEq, 48 meters at a grade of 1.65 G/T AuEq and 78 meters grading 1.90 G/T AuEq. Hole GA-21-47 located in the same area has intersected the zone over 102 meters grading 1.42 G/T AuEq including 35.5 meters at a grade of 2.61 G/T AuEq and 48 meters grading 1.32 G/T AuEq.
Also, holes GA-21-28, 45, 46 and 49 made it possible to identify a new zone located east of the GP zone. This new zone called RB located in a geological context similar to the Hendrick zone opens up the potential for Au-Cu Porphyry mineralization in the main
Main highlights:
Holes* | From | To | Length** | AuEq | Zones |
(m) | (m) | (m) | g/t | ||
GA-21-46 | 291 | 406,5 | 115,5 | 0,93 | RB (new zone) |
Including | 313,5 | 339 | 25,5 | 1,26 | |
Including | 361,5 | 373,5 | 12 | 1,19 | |
GA-21-47 | 634,5 | 736,5 | 102 | 1,42 | Hendrick |
Including | 663 | 697,5 | 34,5 | 2,61 | |
and | 870 | 918 | 48 | 1,32 | |
GA-21-48 | 552 | 681 | 129 | 1,16 | Hendrick |
Including | 658,5 | 681 | 22,5 | 2,82 | |
Including | 670,5 | 681 | 10,5 | 4,42 | |
and | 780 | 847,5 | 67,5 | 1,21 | |
Including | 780 | 793,5 | 13,5 | 1,57 | |
Including | 801 | 828 | 27 | 1,48 | |
GA-21-52 | 838,5 | 946,5 | 108 | 0,95 | Hendrick |
Including | 838,5 | 876 | 37,5 | 1,31 | |
Including | 909 | 946,5 | 37,5 | 1,03 | |
GA-21-53 | 621 | 933 | 312 | 1,18 | Hendrick |
Including | 621 | 765 | 144 | 1,67 | |
Including | 621 | 669 | 48 | 1,65 | |
Including | 687 | 765 | 78 | 1,90 | |
and | 832,5 | 933 | 100,5 | 0,88 | |
Including | 865.5 | 880,5 | 15 | 1,84 |
Discovery of the RB zone in holes GA-21-28, 45, 46 and 49.
* Note that the results of holes GA-21-47 to GA-21-52 are incomplete (See table below) and that the Company is still waiting for the complete results from holes GA-21-54 to GA -21-59.
** Thickness along the hole.
"These results clearly demonstrate that the Hendrick zone is located in a vast pervasive auriferous system. It is now recognized by drilling over nearly 700 meters, thicknesses can exceed 300 meters and there is no indication that it does not extend further both laterally and at depth. We are pleased with the results to date on the western portion of
The Company is currently preparing its 2022 exploration campaign that will include a minimum in all likelihood of another 15,000 meters of diamond drilling in the areas drill tested in 2021 and mainly on Hendrick. A few holes will also test different targets identified with the high resolution airborne magnetic survey completed last year. Concurrently,
Qualified Person
This press release was approved by
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TABLE
Hole # | From (m) | To (m) | Length | Au (g/t) | Ag (g/t) | Cu (%) | AuEq (g/t)2 |
GA-21-44 | 584.50 | 717.00 | 132.50 | 0.52 | 3.4 | 0.21 | 0.89 |
590.00 | 599.00 | 9.00 | 1.20 | 6.1 | 0.44 | 1.96 | |
incl | 660.00 | 679.50 | 19.50 | 0.82 | 3.5 | 0.28 | 1.29 |
incl | 690.00 | 717.00 | 27.00 | 0.55 | 4.1 | 0.15 | 0.84 |
762.00 | 780.00 | 18.00 | 0.74 | 2.1 | 0.09 | 0.91 | |
799.50 | 810.00 | 10.50 | 0.32 | 1.9 | 0.08 | 0.46 | |
825.00 | 853.50 | 28.50 | 0.62 | 2.1 | 0.04 | 0.72 | |
957.00 | 981.00 | 24.00 | 1.36 | 1.1 | 0.03 | 1.43 | |
GA-21-45 | 69.00 | 109.50 | 40.50 | 0.75 | - | - | - |
147.00 | 199.50 | 52.50 | 0.89 | - | - | - | |
171.00 | 199.50 | 28.50 | 1.20 | - | - | - | |
216.00 | 232.50 | 16.50 | 0.61 | - | - | - | |
249.00 | 270.00 | 21.00 | 0.44 | - | - | - | |
342.00 | 355.50 | 13.50 | 0.50 | - | - | - | |
372.00 | 459.00 | 87.00 | 0.62 | 0.9 | 0.03 | 0.68 | |
372.00 | 396.00 | 24.00 | 0.66 | 0.2 | 0.01 | 0.68 | |
433.50 | 459.00 | 25.50 | 1.02 | 0.5 | 0.01 | 1.05 | |
GA-21-46 | 19.50 | 25.50 | 6.00 | 0.54 | - | - | - |
90.00 | 96.00 | 6.00 | 0.96 | 1.5 | 0.11 | 1.14 | |
199.50 | 253.50 | 54.00 | 0.60 | 0.7 | 0.06 | 0.70 | |
291.00 | 406.50 | 115.50 | 0.78 | 0.3 | 0.09 | 0.93 | |
313.50 | 339.00 | 25.50 | 1.15 | 0.1 | 0.07 | 1.26 | |
361.50 | 373.50 | 12.00 | 0.99 | 0.2 | 0.13 | 1.19 | |
GA-21-47 | 472.50 | 490.50 | 18.00 | 0.48 | 0.2 | 0.03 | 0.53 |
508.50 | 538.50 | 30.00 | 0.51 | 0.8 | 0.08 | 0.64 | |
634.50 | 736.50 | 102.00 | 1.14 | 1.1 | 0.17 | 1.42 | |
663.00 | 697.50 | 34.50 | 2.18 | 2.0 | 0.26 | 2.61 | |
736.50 | 837.00 | PENDING | |||||
incl | 870.00 | 918.00 | 48.00 | 1.03 | 1.70 | 0.17 | 1.32 |
940.50 | 999.00 | 58.50 | 0.41 | 0.7 | 0.12 | 0.61 | |
incl | 940.50 | 970.50 | 30.00 | 0.44 | 0.7 | 0.11 | 0.62 |
incl | 979.50 | 984.00 | 4.50 | 0.59 | 4.6 | 0.25 | 1.04 |
incl | 996.00 | 999.00 | 3.00 | 1.18 | 0.9 | 0.10 | 1.35 |
GA-21-48 | 552.00 | 681.00 | 129.00 | 1.05 | 0.7 | 0.07 | 1.16 |
incl. | 660.00 | 681.00 | 21.00 | 2.71 | 0.5 | 0.07 | 2.82 |
incl. | 670.50 | 681.00 | 10.50 | 4.32 | 0.9 | 0.06 | 4.42 |
780.00 | 847.50 | 67.50 | 0.98 | 0.6 | 0.14 | 1.21 | |
incl. | 780.00 | 793.50 | 13.50 | 1.25 | 0.8 | 0.20 | 1.57 |
incl. | 807.00 | 828.00 | 21.00 | 1.22 | 0.8 | 0.16 | 1.48 |
927.00 | 986.00 | PENDING | |||||
GA-21-49 | 64.50 | 100.50 | 36.00 | 0.66 | 0.4 | 0.00 | 0.67 |
153.00 | 171.00 | 18.00 | 0.78 | - | - | - | |
334.50 | 341.50 | PENDING | |||||
TABLE (continued) | |||||||
Hole # | From (m) | To (m) | Length | Au (g/t) | Ag (g/t) | Cu (%) | AuEq (g/t)2 |
GA-21-50 | 570.00 | 577.50 | 7.50 | 0.71 | 1.7 | 0.06 | 0.82 |
598.50 | 603.00 | 4.50 | 0.66 | 0.6 | 0.02 | 0.70 | |
690.00 | 706.50 | 16.50 | 0.99 | 1.0 | 0.10 | 1.15 | |
732.00 | 790.50 | 58.50 | 0.66 | 1.1 | 0.10 | 0.83 | |
856.50 | 1002.00 | PENDING | |||||
GA-21-51 | 631.00 | 733.50 | PENDING | ||||
733.50 | 808.50 | 75.00 | 0.50 | 0.5 | 0.03 | 0.56 | |
GA-21-52 | 308.00 | 406.50 | PENDING | ||||
507.00 | 607.50 | PENDING | |||||
754.50 | 808.50 | 54.00 | 0.71 | 0.70 | 0.16 | 0.97 | |
838.50 | 946.50 | 108.00 | 0.72 | 1.2 | 0.14 | 0.95 | |
incl | 838.50 | 876.00 | 37.50 | 0.96 | 2.0 | 0.22 | 1.32 |
incl | 886.50 | 889.50 | 3.00 | 0.76 | 0.4 | 0.05 | 0.85 |
incl | 897.00 | 898.50 | 1.50 | 0.60 | 0.3 | 0.06 | 0.70 |
incl | 909.00 | 946.50 | 37.50 | 0.83 | 1.2 | 0.12 | 1.03 |
GA-21-53 | |||||||
559.50 | 573.00 | 13.50 | 0.70 | 0.50 | 0.06 | 0.80 | |
621.00 | 933.00 | 312.00 | 0.89 | 1.80 | 0.17 | 1.18 | |
incl | 621.00 | 765.00 | 144.00 | 1.29 | 1.80 | 0.23 | 1.67 |
incl | 621.00 | 669.00 | 48.00 | 1.19 | 1.70 | 0.28 | 1.65 |
incl | 687.00 | 765.00 | 78.00 | 1.53 | 2.10 | 0.22 | 1.90 |
incl | 832.50 | 933.00 | 100.50 | 0.61 | 2.50 | 0.16 | 0.88 |
incl | 865.50 | 880.50 | 15.00 | 1.33 | 4.20 | 0.30 | 1.84 |
incl | 906.00 | 933.00 | 27.00 | 0.46 | 1.50 | 0.08 | 0.61 |
1 | All lengths are measured along the core. True widths are more than 75% for the GP zone. True widths for the Hendrick zone are unknown at the time of this news release. |
2 | The AuEq formula used a gold price of |
The
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