Hi-View Resources Inc. announced that planning has commenced for a follow-up exploration program at its 9,140 Hectare Golden Stranger Project and Lawyers South, East and West claims located in British Columbia's prolific Toodoggone-Kemess porphyry Cu-Au region of north-central British Columbia. The properties are contiguous to the Thesis Gold Inc.Lawyers-Ranch project that has reported significant drilling intercepts and extensive continued drilling campaigns and currently hosts a Total Mineral Resource of 4.0 million ounces (Moz) gold equivalent (AuEq) (Measure and Indicated) at 1.51 grams per tonne (g/t) AuEq and 727,000 AuEq (Inferred) at 1.82 g/t Au Eq. The properties are also contiguous to Amarc Resources Ltd. JOY Copper-Gold district project that recently announced significant drilling discoveries at the Au-rich porphyry AuRORA Deposit.
As announced on October 1st 2024, Hi-View completed a sampling program that returned assays in grab samples of up to 111.5 g/t Au and 2,740 g/t Ag as well as the Company identified a new target zone 1.3 km to the southeast of the Golden Stranger on the Lawyers Group revealing a previously unknown mineralized zone, with one grab sample returning 2.68 g/t Au and 13.2 g/t Ag along with a number of gold in soil anomalies. The Company has 45 sites now permitted for drilling across the project to confirm and expand upon historical drilling intercepts on the project of up to 10 meters of 11.5 g/t Au. The project hosts a historical resource of 498,905 tonnes of material grading 2.74 g/t Au (Sutton Resources Ltd. Report to Shareholders, March 30, 1989, in Energy, Mines and Resources Canada Mineral Bulletin MR 223 (1989) - B.C. 268).
On December 23rd, 2024, Thesis Gold announced it closed a $10.0 Million Brokered Private Placement to further exploration its neighboring Gold deposits immediately contiguous to Hi-View?s Project. Clarus Securities Inc. and Cormark Securities Inc. acted as co-lead agents, on behalf of a syndicate of agents including BMO Nesbitt Burns Inc., H&P Advisors Ltd., Canaccord Genuity Corp., Raymond James Ltd. and Ventum Financial Corp., for the equity private placement. Prior to the October 2024 announcement Hi-View?s 2023 exploration program, physical work in the form of soil sampling was completed on 389 sites of interest within the Golden Stranger claims, a helicopter landing pad was constructed to facilitate further exploration, and a Wildlife Management Plan was completed.
The Golden Stranger claims have historical drilling of 29 diamond drill holes during 1987 and 1988, which showed mineralization in core and on surface consistent with other regional mineralized trends. The Lawyers group of claims has had an airborne magnetics survey flown at 100 meter spacing, which produced strong magnetic anomalies consistent with other regional mineralized trends. The soil survey was completed in Fall 2023 and was centered around the main Golden Stranger historical showings on a grid 3 km wide by 2.8 km in length with 15 sample lines at 200 m spacing with samples along the lines collected at 100 m intervals.
A total of 419 soil samples sites were examined and where possible sampled in 2023. Results have been received for a total of 335 samples with 8 samples returning greater than 50 parts per billion (ppb) gold (au) and 2 samples returning greater 100 ppb Au up to 254 ppb Au. A total of 11 rock grab samples during 2023 were collected while soil sampling with 3 samples returning greater than 0.1 grams per tonne (g/t) Au up to 0.957 g/t Au.
A total of 6 of the 11 rock grab samples yielded greater than 2 g/t silver (ag) up to 7.4 g/t Ag. Most of the rock grab samples were collected near the north end of the main showings area. Based upon the 2023 work and results, the 2024 survey identified two new areas with multiple anomalous gold in soil samples identified 800 m north of the main showings and 1.2 km southeast of the main showings.
A total of 45 rock grab samples were collected during the 2024 program. There is little exposure in the areas of the gold in soil anomalies, however, some minor silica veins with propylitic alteration were spotted in limited outcrops and were sampled. At the main historical Golden Stranger showings, geologists have identified hydrothermal breccias with potassic alteration and rounded altered clasts along with silica veinlets similar to the breccias at the Cliff Creek prospect at Thesis Gold?s Lawyers Project.
The breccias, similar to neighboring Lawyers gold project, contain sooty pyrite in a silica matrix with some galena spotted a total of five samples returned anomalous gold (>0.2 g/t Au) and six samples returned anomalous silver (>5 g/t Ag), including one impressive high-grade sample that returned 111.5 g/t Au and 2,740 g/t Ag. Additionally, quartz veins sampled 1.3 km to the southeast of the Golden Stranger on the Lawyers Group revealed a previously unknown mineralized zone, with one sample returning 2.68 ppm Au and 13.2 ppm Ag and four samples returning anomalous silver, indicating significant potential for further discoveries in this area. Hi-Views?
management cautions that past results or discoveries on properties in proximity to Hi-View may not necessarily be indicative of the presence of mineralization on the Company's properties. The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.