The geophysical crew will focus this phase of fieldwork on the collection of Induced Polarization ('IP') data and resistivity ('Resistivity') data (Figure 1) in areas that include the 'East Divide zone' where
2024 Geophysical Rationale
Gold and base metal mineralization in the
The geophysical technique of collecting IP and Resistivity data is perfect for defining target areas that contain more abundant concentrations of sulphide minerals that are often associated with areas with more gold mineralization.
Recently announced re-sampling of historic drill core from a 1983 program (mentioned above) confirmed that the highest concentration of gold mineralization in the historic drill core is associated with much more abundant sulphide minerals including pyrite (iron sulphide), sphalerite (zinc sulphide) and chalcopyrite (copper sulphide). Knowing this association makes the collection of IP and Resistivity data a critical tool in the definition of drill targets for the planned summer drill program.
'The mobilizing of our geophysical crew to the Tabor Property to gather additional data that will be used in conjunction with all of the other data we have on the property, marks the start of our field work for 2024. Once we have this geophysical data collected and compiled and we have had a chance to ground-truth some of the targets, we will be in a position to create updated models that will help us better define our initial drilling campaign which we expect to launch mid-year,' remarked
About the
Tabor is adjacent to the east, along trend of Goldshore's
Gold mineralization on the Project is believed to be associated with quartz veins, shearing and more abundant sulphides. Geological and mineralization characteristics at Tabor are similar to those found on some of the neighbouring properties, including
Qualified Person
*The Project is at an early stage of exploration, and the Company cautions that the qualified person who has reviewed and approved this news release has not verified scientific or technical information produced by third parties, and proximity to projects containing gold resources offers no assurance that the rock types or gold resources reported by Goldshore and others extend onto the company's project and such proximity is not necessarily indicative of the mineralization reported by third parties with projects in the district.
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This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results.
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