Final results from first stage drilling at DropKick include significant near surface gold mineralization of 20.15 metres grading 1.81g/t Au from 50 metres, including 4.14g/t Au over 4.5 metres in Hole K-23-248. Several near surface intervals were also intersected in Hole K-23-245 including 1.77g/t Au over 5.15 metres from 31.85 metres downhole. Holes K-23-245 and -248 represent a 67 metre step out to the northeast. Hole K-23-254, a 136 metre step out to the southwest, intersected 2.45g/t Au over 4.1 metres from 108.9 metres, including an interval of 16.68g/t Au over 0.3 metres that contained visible gold. These latest intersections extend the known mineralization at Dropkick to over 360 metres strike length and it remains open in both directions. Twelve of the 15 holes drilled at Dropkick intersected gold mineralization with four holes containing visible gold.
“During the first phase of drilling at DropKick we demonstrated the presence of near surface gold over significant widths while increasing the strike length of known mineralization which remains open along strike in both directions. Further drilling is required to demonstrate the true potential of this discovery,” said
Follow up drilling at Pristine included an intersection of 1.05g/t Au over 11 metres from 90 metres in Hole K-23-276 and 1.28g/t Au over 6.18 metres from 66.47 metres in Hole K-23-272. Mineralization drilled to date at Pristine mostly occurs above 86 metres vertical depth and extends over a strike length of approximately 160 metres.
Ongoing drilling at Big Vein intersected 2.76g/t Au over 8.97 metres from 233.56 metres, including 7.04g/t over 3.09 metres in Hole K-23-278.
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Zone |
K-23-278 | 233.56 | 242.53 | 8.97 | 2.76 | Big Vein |
including | 236.00 | 239.09 | 3.09 | 7.04 | |
K-23-276 | 90.00 | 101.00 | 11.00 | 1.05 | Pristine |
including | 92.95 | 97.80 | 4.85 | 1.82 | |
K-23-272 | 66.47 | 72.65 | 6.18 | 1.28 | Pristine |
including | 68.00 | 70.80 | 2.80 | 2.33 | |
K-23-260 | 156.57 | 160.00 | 3.43 | 1.06 | Pristine |
K-23-259 | 67.50 | 68.35 | 0.85 | 1.22 | Pristine |
K-23-254 | 108.90 | 113.00 | 4.10 | 2.45 | DropKick |
including | 108.90 | 110.80 | 1.90 | 4.56 | |
including | 109.40 | 109.70 | 0.30 | 16.68 | |
K-23-253 | nsv | Big Vein | |||
K-23-252 | 53.00 | 91.00 | 38.00 | 0.55 | Big Vein |
including | 60.00 | 64.00 | 4.00 | 1.28 | |
and | 73.00 | 74.00 | 1.00 | 1.11 | |
K-23-249 | nsv | Big Vein | |||
K-23-248 | 50.00 | 70.15 | 20.15 | 1.81 | DropKick |
including | 55.00 | 70.15 | 15.15 | 2.32 | |
including | 58.00 | 70.15 | 12.15 | 2.72 | |
including | 59.90 | 64.40 | 4.50 | 4.14 | |
K-23-247 | 126.70 | 128.00 | 1.30 | 1.32 | Big Vein |
198.00 | 198.95 | 0.95 | 1.20 | ||
K-23-245 | 10.00 | 12.65 | 2.65 | 1.16 | Dropkick |
31.85 | 37.00 | 5.15 | 1.77 | ||
including | 35.00 | 36.35 | 1.35 | 3.17 | |
44.80 | 45.60 | 0.80 | 1.34 | ||
53.00 | 54.50 | 1.50 | 1.04 | ||
89.00 | 103.00 | 14.00 | 0.60 | ||
including | 91.95 | 94.00 | 2.05 | 1.42 | |
192.00 | 193.15 | 1.15 | 1.90 | ||
250.25 | 251.15 | 0.90 | 1.32 | ||
K-23-244 | 29.00 | 33.00 | 4.00 | 1.10 | Big Vein |
K-23-243 | nsv | DropKick | |||
K-23-242 | 224.43 | 225.16 | 0.73 | 1.88 | Big Vein |
K-23-241 | nsv | Big Vein |
Table 1. Summary of assay results. All intersections are downhole length
as there is insufficient Information to calculate true width.
Almost 85,000 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 6,100 metres of core.
The Company has approximately
Figure 1. Plan map of Dropkick drill holes showing highlights of latest results.
Figure 2. Plan map of occurrences with selected drill intersections along the
Hole ID | Easting | Northing | Elevation | Azimuth | Inclination | Total Depth |
K-23-278 | 661736 | 5435392 | 37 | 130 | 65 | 420 |
K-23-276 | 661927 | 5436072 | 56 | 275 | 65 | 200 |
K-23-272 | 661933 | 5436069 | 59 | 315 | 65 | 278 |
K-23-260 | 661750 | 5435872 | 58 | 0 | 90 | 209 |
K-23-259 | 661845 | 5436001 | 53 | 300 | 45 | 191 |
K-23-254 | 663159 | 5438126 | 55 | 140 | 45 | 160.55 |
K-23-253 | 661554 | 5435459 | 45 | 20 | 45 | 160 |
K-23-252 | 661450 | 5435312 | 54 | 125 | 70 | 349 |
K-23-249 | 661272 | 5435093 | 62 | 145 | 65 | 379 |
K-23-248 | 663408 | 5438381 | 52 | 140 | 65 | 173 |
K-23-247 | 661553 | 5435458 | 50 | 125 | 50 | 233 |
K-23-245 | 663409 | 5438380 | 53 | 140 | 45 | 259 |
K-23-243 | 663353 | 5438273 | 58 | 140 | 65 | 131 |
K-23-244 | 661589 | 5435430 | 49 | 140 | 45 | 228 |
K-23-242 | 661321 | 5435111 | 52 | 145 | 55 | 307 |
K-23-241 | 661450 | 5435312 | 53 | 125 | 50 | 250 |
Table 2. Drill hole collar details
QA/QC
True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to
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Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8ada2b49-2cf3-4482-ba32-69dcfdfdee84
https://www.globenewswire.com/NewsRoom/AttachmentNg/37ca58a1-438d-41be-9aa5-01115a320d9a
Figure 1.
Plan map of Dropkick drill holes showing highlights of latest results.
Figure 2.
Plan map of occurrences with selected drill intersections along the Appleton Fault Zone .
2023 GlobeNewswire, Inc., source