Highlights of the drilling include an intersection of 30.67 g/t Au over 1.1 metres from 208.85 metres that included 99.31 g/t Au over 0. 3 metres in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m (see news release dated
“We continue to have drilling success at the north end of Big Vein where several significant intercepts have now been received, including 6.07 g/t Au over 19m in hole K-21-111 and 2.02 g/t over 32m in Hole K-22-177 and now 30.67g/t Au in Hole K-22-190,” said
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Zone |
K-22-194 | 20 | 21 | 1 | 1.05 | Big Vein |
24 | 25 | 1 | 1.04 | ||
115 | 121.17 | 6.17 | 1.27 | ||
including | 115 | 118 | 3 | 2.30 | |
265 | 268 | 3 | 1.52 | ||
K-22-192 | nsv | Golden Glove | |||
K-22-191 | nsv | CSAMT | |||
K-22-190 | 21.65 | 22 | 0.35 | 1.00 | Big Vein |
124 | 125 | 1 | 1.15 | ||
199.7 | 200 | 0.3 | 2.31 | ||
208.85 | 209.95 | 1.1 | 30.67 | ||
including | 209.65 | 209.95 | 0.3 | 99.31 | |
233.5 | 235 | 1.5 | 1.10 | ||
248 | 249 | 1 | 1.03 | ||
310.45 | 311 | 0.55 | 4.19 | ||
K-22-186 | nsv | CSAMT | |||
K-22-184 | 333 | 338.59 | 5.59 | 1.47 | Big Vein SW |
including | 336.25 | 337.89 | 1.64 | 4.67 | |
including | 336.25 | 337 | 0.75 | 8.97 |
Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.
A total of 58,265 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,100 metres of core (11.5% of the total submitted).
The Company has
Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Total Depth (m) |
K-22-194 | 661594 | 5435327 | 45.7 | 145 | 60 | 704.0 |
K-22-192 | 660700 | 5432008 | 33.5 | 250 | 45 | 599.0 |
K-22-191 | 666547.1 | 5443543 | 46.833 | 140 | 45 | 371.5 |
K-22-190 | 661594 | 5435327 | 45.7 | 145 | 55 | 668.2 |
K-22-186 | 666538 | 5443539 | 38.6 | 310 | 65 | 320.0 |
K-22-184 | 661343.9 | 5434916 | 44.481 | 130 | 45 | 428.0 |
Table 2. Drill hole collar details
Figure 1. Plan Map of Big Vein Target.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7412e031-b8c1-4ea8-aca7-6a2b5dc176b9
Figure 2. Big Vein Long Section.
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a02780d-1ecb-41df-9aff-cf6b4c2075a6
Figure 3. Plan map of
https://www.globenewswire.com/NewsRoom/AttachmentNg/edc6fda6-b226-4f7f-b743-c2b47c938681
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
Qualified Person
The Company gratefully acknowledges the
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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.
Figure 1.
Plan Map of Big Vein Target
Figure 2.
Big Vein Long Section
Figure 3.
Plan map of Kingsway Gold occurrences showing latest drill intersections.
2022 GlobeNewswire, Inc., source