The Company is also planning for the addition of a third drill rig to support the acceleration of current drilling activities at the Project.
The exploration program has been designed to ensure the safety of the workforce and surrounding communities during the COVID-19 pandemic and incorporates enhanced operating protocols that are consistent with local health guidance.
The drill results represent additional drilling on the Goldlund property as part of the overall 60,000 metre drill program being undertaken by the Company at the properties that comprise the
The current focus of the drill program has been to test and extend the continuity of Zone 4, which sits just outside the Main PEA pit (Zone 1). Gold mineralization had been encountered at depth in historic drilling and the recent results help extend and confirm this zone to surface where it could be incorporated into future open pit mining areas.
The most recent round of infill drilling on Zone 4 showed positive continuity, including hole GL-21-028, which intersected 21.5 m grading 3.14 g/t Au (including 1.0 m grading 55.70 g/t Au) and 58.0 m grading 0.89 g/t Au (including 1.0 m grading 22.40 g/t), hole GL-21-021 which intersected 26.8 m grading 0.75 g/t Au (including 3.2 m grading 4.12 g/t Au) and 20.0 m grading 0.95 g/t Au (including 5.0 m grading 2.11 g/t Au which includes 1.0 m grading 7.09 g/t Au), hole GL-21-031 which intersected 7.75 m grading 6.36 g/t Au (including 0.9 m grading 51.70 g/t Au), 10.75 m grading 0.84 g/t Au (including 1.0 m grading 5.82 g/t Au), and 5.0 m grading 1.45 g/t Au (including 1.0 m grading 6.33 g/t Au) and hole GL-21-022 which intersected 79.7 m grading 0.34 g/t Au. This further emphasizes the importance of the next phases of drilling which will continue to test mineralization within zones adjacent to the proposed PEA pits as well as infilling key areas within the current pit designs.
Zone 4 is located approximately 80 metres to the Northwest of Zone 1 and is parallel in strike.
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Forward-Looking Statements
This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'plans', 'projects', 'intends', 'estimates', 'envisages', 'potential', 'possible', 'strategy', 'goals', 'objectives', or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements.
Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for precious metals; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for gold and base metals; gold price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits may be derived therefrom and accordingly, readers are cautioned not to place undue reliance on the forward-looking information.
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