Mineralization identified in the 2020 - 2023 drill programs demonstrates the higher-grade mineralization dips moderately south towards the Dolphin intrusive and is bounded toward the north by significant faulting. Mineralization is deeper toward the south.
In 2023, the drill program at Golden Summit successfully discovered higher-grade mineralization on the western side of the existing resource at a shallower depth. Building on this success, in 2024, the plan is to continue drilling on the western part of the Dolphin/Cleary deposit and extend the drilling coverage further to the west. Three distinct geochemical trends have been identified: two south-southwest flanking trends and a clear east-west trend spanning an additional 1.5 km. As
Highlights from the 2023 Drill Program targeting the area west of Willow Creek
GS2314 | Hole GS2314, located 150 metres west of 478950E, was drilled to the west. | ||||||
HOLE | AZIMUTH | DIP | DEPTH | FROM | TO | INTERVAL | AU |
GS2314 | 270 | -70 | 748.6 | 125 | 141.5 | 16.5 | 2.1 |
293.6 | 296 | 2.4 | 82.5 | ||||
385.7 | 499 | 113.3 | 5.42 | ||||
including | 480.7 | 489.8 | 9.1 | 6.5 | |||
including | 495.9 | 499 | 3.1 | 160 |
GS2331 | Targeted the area to the north of the historic known veins, intersected several | ||||||
HOLE | AZIMUTH | DIP | DEPTH | FROM | TO | INTERVAL | AU |
GS2331 | 360 | -50 | 543.2 | 19.4 | 37 | 17.6 | 0.56 |
215.5 | 259.4 | 43.9 | 0.92 | ||||
276.5 | 288 | 11.5 | 2.0 | ||||
370.9 | 406.8 | 35.9 | 1.41 |
GS2332 | Drilled on the western edge of the current resource. Returned broad zones | ||||||
HOLE | AZIMUTH | DIP | DEPTH | FROM | TO | INTERVAL | AU |
GS2332 | 360 | -55 | 709.9 | 104.5 | 107.6 | 3.1 | 41.4 |
355.7 | 358.8 | 3.1 | 25.3 | ||||
383.1 | 413.6 | 30.5 | 1.02 | ||||
474.6 | 500.8 | 26.2 | 1.23 | ||||
543.8 | 614.8 | 71 | 1.0 | ||||
including | 582.8 | 614.8 | 32 | 1.38 |
GS2333 | The farthest southwest hole collared 200 metres west of the previous drilling, | ||||||
HOLE | AZIMUTH | DIP | DEPTH | FROM | TO | INTERVAL | AU |
GS2333 | 360 | -50 | 632.2 | 106.7 | 107.6 | 0.9 | 12.15 |
165.2 | 202.4 | 37.2 | 0.66 | ||||
355.7 | 632.2 | 276.5 | 1.76 | ||||
including | 355.7 | 404.5 | 48.8 | 1.31 | |||
including | 438 | 505.1 | 67.1 | 4.25 | |||
including | 502 | 505.1 | 3.1 | 79 | |||
including | 608.3 | 632.2 | 23.9 | 4.09 | |||
including | 614.4 | 617.5 | 3.1 | 24.2 |
GS2334 | Drilled to the south. GS2334 appears to have drilled over the top of the | ||||||
HOLE | AZIMUTH | DIP | DEPTH | FROM (M) | TO (M) | INTERVAL | AU |
GS2334 | 180 | -50 | 660.8 | 183.6 | 627.3 | 443.7 | 0.71 |
including | 325.2 | 520.3 | 195.1 | 1.06 | |||
including | 399.6 | 401.4 | 1.8 | 45.1 | |||
including | 587 | 627.3 | 40.3 | 0.84 |
GS2335 | It was drilled just west of | ||||||
HOLE | AZIMUTH | Dip | DEPTH | FROM | TO | INTERVAL | AU |
GS2335 | 360 | -55 | 810.8 | 63.2 | 64.1 | 0.9 | 12.2 |
96.6 | 511.1 | 414.5 | 0.8 | ||||
including | 96.6 | 230.1 | 133.5 | 1.43 | |||
including | 142.3 | 145.4 | 3.1 | 27.1 |
GS2336 | It was drilled just west of | ||||||
HOLE | AZIMUTH | Dip | DEPTH | FROM | TO | INTERVAL | AU |
GS2336 | 360 | -55 | 831.3 | 15.9 | 31.1 | 15.2 | 0.52 |
166.1 | 218.5 | 52.4 | 0.59 | ||||
257.7 | 677.3 | 419.6 | 0.86 | ||||
including | 308.2 | 327.7 | 19.5 | 4.26 | |||
including | 308.2 | 311.2 | 3 | 25.3 | |||
including | 483.1 | 504.7 | 21.6 | 1.09 | |||
including | 521.8 | 558.4 | 36.6 | 2.86 | |||
including | 521.8 | 524.9 | 3.1 | 28.8 | |||
including | 655.9 | 677.3 | 21.4 | 0.75 | |||
708.7 | 726 | 17.3 | 0.86 | ||||
758.2 | 772.4 | 14.2 | 1.43 |
GS2337 |
It was drilled at an azimuth of 315o to cross the Tolovana Vein swarm
| ||||||
HOLE | AZIMUTH | Dip | DEPTH | FROM | TO | INTERVAL | AU |
GS2337 | 315 | -50 | 784.3 | 260 | 704 | 444 | 0.85 |
including | 341 | 354.7 | 13.7 | 1.21 | |||
including | 367.8 | 443 | 75.2 | 1.31 | |||
including | 367.8 | 369 | 1.2 | 20.2 | |||
including | 506 | 517 | 11 | 2.27 | |||
including | 552.1 | 575 | 22.9 | 0.94 | |||
including | 668 | 704 | 36 | 2.01 | |||
including | 668 | 671 | 3 | 13.45 |
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization. |
A plan map showing the locations of the drill holes targeting the area west of
https://freegoldventures.com/site/assets/files/6287/goldensummit_dolphin-cleary_resource_drilling_western_a.pdf
In addition to the ongoing drill program, metallurgical, baseline environmental, cultural resource, and wetland studies are underway. An updated mineral resource estimate based on the 2023 drill program is scheduled to be completed by the end of Q2 2024.
A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by
A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.
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Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See
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