Highlights:
- Intersection of multiple styles of mineralization including epithermal veins, porphyry-style stockwork veins, disseminated sulphides, and sulphide breccias
- Expansion of the
WAu Zone 70 metres along strike in an east-west orientation- 80.50 metres of 1.96 g/t AuEq from 370 metres in RVD21-03
- Containing 1.52 g/t gold (“Au”), 3.74 g/t silver (“Ag”), 0.18% copper (“Cu”), 0.011% molybdenum (“Mo”), and 0.007% tungsten (“W”)
- 80.50 metres of 1.96 g/t AuEq from 370 metres in RVD21-03
- 35.00 metres of 0.33 g/t AuEq from 325.0 metres in RVD21-02
- Containing 0.17 g/t Au, 1.04 g/t Ag, 0.05% Cu, 0.008% Mo, and 0.004% W
- 8.25 metres of 0.40 g/t AuEq from 164.00 metres in RVD21-04
- Containing 0.28 g/t Au, 0.29 g/t Ag, 0.02% Cu, 0.001% Mo, and 0.017% W
- 6.00 metres of 0.65 g/t AuEq from 179.00 metres in RVD21-04
- Containing 0.54 g/t Au, 0.83 g/t Ag, 0.06% Cu, 0.001% Mo, and 0.002% W
- Intersection of near-surface porphyry-style mineralization with 108.65 metres of 0.40 g/t AuEq from 36.35 metres in RVD21-01
- Containing 0.18 g/t Au, 1.95 g/t Ag, 0.10% Cu, 0.005% Mo, and 0.002% W
- Additional intersection of porphyry-style mineralization further downhole in RVD21-01 with 60.50 metres of 0.51 g/t AuEq from 162 metres
- Containing 0.18 g/t Au, 2.11 g/t Ag, 0.10% Cu, 0.022% Mo, and 0.002% W
The
The strike length of the
Table 1. 2021 Drilling Highlights
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1Refer to the Reference and Disclosure section below for compositing techniques and AuEq calculations.
Table 2. 2021 Drill Hole Summary (Coordinates in
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“We are excited about the 2021 drill hole assays to date, which support the current resource and geological reinterpretation at the
Table 3. Reinterpretation of Historical
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2Refer to the Reference and Disclosure section below for interpretation method and AuEq calculations.
Detailed Interpretation and Geology
RVD21-03 intercepted the
The updated expression of the
The
Strong silica +/- biotite alteration is associated with mineralization and has subsequently been overprinted by argillic (kaolinite), SCC (sericite + clay + chlorite), and phyllic (sericite +/- pyrite) alteration confirmed in previous drilling through drillhole spectral data (PR#21-05).
Porphyry-style mineralization consists of sulphide +/- quartz veinlets and local stockwork veining with broad zones of disseminated sulphide mineralization surrounding vein clusters and local fine grained native gold (Figures 4, 5, and 6).
Sulphide mineralization (chalcopyrite +/- molybdenite +/- pyrite +/- pyrrhotite and local bismuthinite) is associated with silica +/- biotite +/- argillic alteration.
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Figure 1. 2021 Drilling Areas on the
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Figure 2. Plan View and Long Section of the
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Figure 3.
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Figure 4. Chalcopyrite, pyrite, molybdenite porphyry-style mineralization, hosted within a quartz-carbonate vein in RVD21-01. This 1.08-metre sample from 80.11 metres returned 0.12 g/t Au, 7.80 g/t Ag, 0.33% Cu, 0.020% Mo, and 0.001% W.
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Figure 5. Chalcopyrite, pyrite, molybdenite porphyry-style veinlet mineralization, hosted within strongly silicified granodiorite RVD21-01. This 1.90-metre sample from 78.21 metres returned 0.30 g/t Au, 4.80 g/t Ag, 0.25% Cu, 0.016% Mo, and 0.001% W.
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Figure 6. Visible gold (VG) from RVD21-03 at 121.20 metres returned 3.77g/t Au over 0.6m. Mineralization is hosted within quartz + bismuthinite (Bis) veinlet in SCC altered granodiorite.
Table 4. 2021 Significant Intercepts (Highlighted Intercepts are reported in Table 1)
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References and Disclosures
1 Gold equivalent [AuEq] is used for illustrative purposes, to express the combined value of gold, silver, copper, molybdenum, and tungsten as a percentage of gold. No allowances have been made for recovery losses that would occur in a mining scenario. AuEq is calculated using
AuEq = Au g/t + (Ag g/t X
Reported assay intervals are calculated using Micromine’s grade composite tool with a >0.25g/t AuEq cutoff, constrained by <6 metres of consecutive dilution. High-grade intervals are reported using >1.0g/t AuEq cutoff with no dilution.
Reported assays are uncut weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown.
2 Reinterpretation of the
3 AuEq reported in PR19-06 is calculated using
Sample Preparation and QAQC
Diamond drill holes at the
Sample preparation is completed at ALS Whitehorse with sample pulps shipped to ALS Vancouver for analyses. Samples are dried and crushed to 70% less than 2 millimetres with a 250-gram riffle-split and pulverized to better than 85% passing 75 microns (PREP-31).
A 50-gram sample from the pulp is analyzed for gold using fire assay techniques and atomic absorption spectroscopy with detection limits of 0.005-10 parts per million (“ppm”) (Au-AA24). Gold overlimit values are re-analyzed using a gravimetric finish with an upper detection limit of 10,000 ppm (Au-GRA22). A 0.25 gram sample from the pulp is analyzed with multi-element geochemistry (ME-ICP-61) using a 4-acid near total digestion and induced coupled plasma atomic emission spectroscopy (ICP-AES) providing 33 element output (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W, Zn).
Sample Quality Assurance/Quality Control (“QAQC”) measures include unmarked certified reference materials (CRMs), rock blanks, and field duplicates are inserted into the sample sequence and make up 5% of the samples submitted to the lab for holes reported in this release. Additional QAQC checks are ongoing in accordance with 43-101 standards.
Qualified Person
The technical content of this news release has been reviewed and approved by
About
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This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the completion of due diligence and the results of exploration activities - that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Table 1
2021 Drilling Highlights
Table 2
2021 Drill Hole Summary (Coordinates in UTM NAD83 Zone 9N)
Table 3
Reinterpretation of Historical WAu Zone Intercepts
Figure 1.
2021 Drilling Areas on the Freegold Mountain Project .
Figure 2.
Plan View and Long Section of the WAu Zone and Blue Sky Zone within the $1500 /ounce (“oz”) Au pit shell of the 2020 mineral resource estimate at the Revenue Deposit (PR#20-02).Significant intercepts in the four drill holes of this release are listed in Table 1 and depicted by red (WAu Zone ) and cyan bars (porphyry-style mineralization). Historical WAu Zone intercepts are depicted by yellow bars and are listed in Table 3. Wireframes were generated using Micromine’s implicit modeling tools.
Figure 3.
WAu Zone , coarse chalcopyrite and scheelite mineralization from RVD21-03 at 411.50 metres. The 1.5-metre sample interval from 411 metres returned 0.63 g/t Au, 3.70 g/t Ag, 0.18% Cu, 0.012% Mo, and 0.005% W.
Figure 4.
Chalcopyrite, pyrite, molybdenite porphyry-style mineralization, hosted within a quartz-carbonate vein in RVD21-01. This 1.08-metre sample from 80.11 metres returned 0.12 g/t Au, 7.80 g/t Ag, 0.33% Cu, 0.020% Mo, and 0.001% W.
Figure 5.
Chalcopyrite, pyrite, molybdenite porphyry-style veinlet mineralization, hosted within strongly silicified granodiorite RVD21-01. This 1.90-metre sample from 78.21 metres returned 0.30 g/t Au, 4.80 g/t Ag, 0.25% Cu, 0.016% Mo, and 0.001% W.
Figure 6.
Visible gold (VG) from RVD21-03 at 121.20 metres returned 3.77g/t Au over 0.6m. Mineralization is hosted within quartz + bismuthinite (Bis) veinlet in SCC altered granodiorite.
Table 4.
2021 Significant Intercepts (Highlighted Intercepts are reported in Table 1)
Table 4.
2021 Significant Intercepts (Highlighted Intercepts are reported in Table 1)
Table 4.
2021 Significant Intercepts (Highlighted Intercepts are reported in Table 1)
Table 4.
2021 Significant Intercepts (Highlighted Intercepts are reported in Table 1)
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