The property is wholly owned by Goldflare and has 6 mining claims totalling 254 hectares.
The Company wanted a quick repositioning on the property considering that
The main objective of the campaign is to explore the expansion potential of the mineralized structure, to validate some historical grades and to create a geometric model of mineralization going from the surface down to a depth of about 300 metres.
2023 Drill Program
A total of 6050 metres of drilling in 24 drill holes have been planned to assess the potential of the targeted area following north-northwest trend. This orientation was interpreted with the help of initial results obtained in 2021, like 0.46 g/t over 12.3 metres, including 2.53 g/t over 1.35 metres from survey AIG-20-02. This drilling is located about 100 meters to the south.
As part of the 2023 winter program, 7 drillholes totalling 1,816 meters were completed. The length of the holes varies from 202 meters to 390 meters, drilled with dip angles ranging from -50 degrees to -75 degrees to reach a maximum vertical depth of about 335 meters.
Goldfield gold showings
The gold showings are contained in a shear and fault zone developed in a tectonic shred of ultramafic volcanic rock in contact with mafic volcanic rocks and sediments. The known mineralization is hosted in syenite intrusions strongly altered to carbonate-albite-hematite and takes the form of 2 to 10% disseminated pyrite. The geophysical signature shows that the position of mineralization corresponds with a magnetic trough.
Sixteen (16) historical holes have intersected at least one mineralization interval of more than 1 g/t gold over more than 2 metres located approximately 450 metres west of the
Caution: Historical drilling results do not meet standards of practice currently recognized by regulatory authorities and NI 43-101. They are provided as indications that the presence of gold has been noted historically.
President and CEO
Contact:
Tel: 819-354-9439
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