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Highlights:
- 10 rock grab samples were collected mainly from quartz+/- carbonate, bearing, sub-vertical structures with widths in excess of 4 metres in some areas and trending over 300 metres.
- Visible copper mineralization in the form of chalcopyrite and minor bornite was noted in most samples with rare cobalt blooms.
- Significant gold concentrations were also obtained in some samples with a moderate correlation to silver.
- High bismuth concentrations also show a positive correlation with copper and silver.
Table #1 provides highlights of the assay results for silver, gold, bismuth cobalt, and copper.
Table 1. 2023 Gela Rock Samples | |||||
Sample | Ag ppm | Au ppm | Bi ppm | Co ppm | Cu % |
H619351 | 1.36 | 2.05 | 597 | 32.8 | 4.5 |
H619352 | 1.09 | 0.3 | 206 | 10 | 2.1 |
H619353 | 1.58 | 0.11 | 28 | 25.6 | 1.0 |
H619354 | 28.2 | 9.79 | 169 | 901 | 0.9 |
H619355 | 11.65 | 3.1 | 88 | 1135 | 0.04 |
H619356 | 2.3 | 0.11 | 14 | 117 | 0.006 |
H619357 | 8.85 | 0.91 | 15 | 62 | 0.005 |
H619358 | 134 | <0.02 | 442 | 64.3 | 12.1 |
H619359 | 0.13 | <0.02 | 3 | 17.8 | 0.3 |
80 soil samples were collected along the eastern flank of the Monzogabbro intrusive body where the regional Bathurst Fault is projected to occur. The soil samples were collected at 25 meter intervals and at various depths based on the soil profiles.
Soil sample assay results confirmed the soil profiles can be used to determine areas of interest, as outcrop is limited away from the intrusive body and along the projected Bathurst Fault trend.The occurrence of Au + Bi together often indicates a structurally controlled setting and implicates the Bathurst Fault as a possible conduit and possible trap for mineralized fluids to migrate to the surface. Along with gold and bismuth, notable concentrations of copper were also found in both soils and rock samples. Additionally, higher concentrations of cobalt were also noted in two rock samples and were also coincident with elevated gold and silver concentrations. The mineralized trend can be traced for over 2km in a north-south direction directly overlying the surface trace of the Bathurst Fault. The soil sampling found coincident gold/silver/copper/bismuth mineralization (Table #2 below).
Table 2. 2023 Gela Soil Samples | ||||
Sample | Ag ppm | Au ppm | Bi ppm | Cu ppm |
G0580501 | 0.13 | 0.06 | 20.2 | 2,880 |
G0580515 | 0.19 | 0.22 | 120 | 1,175 |
G0580516 | 1.09 | 0.15 | 149 | 1,735 |
G0580521 | 1.00 | 0.72 | 264 | 1,625 |
G0580522 | 2.69 | 0.56 | 346 | 3,960 |
G0580528 | 0.21 | 0.19 | 16.8 | 2,580 |
G0580529 | 0.12 | 0.02 | 7.31 | 3,580 |
G0580530 | 0.08 | 0.01 | 4.47 | 1,305 |
G0580531 | 0.08 | 0.01 | 2.98 | 1550 |
G0580539 | 0.25 | 0.33 | 28.5 | 461 |
Quality Assurance/Quality Control Rock and Soil SamplesThe above soil samples were delivered by the Company geologist to the ALS prep facility in
Qualified Person
Onbehalf of the Board of Directors
“HaroldForzley”CEO
For more information contact Harold Forzley, CEO info@bathurstmetalscorp.com
Neither TSX Venture Exchangenor its regulation services provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibility for the adequacy oraccuracyof this release.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of theCompany and there isnoassurance theywill provetobe correct. Therecanbe no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance onforward-looking information.
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