Results from the Helen Zone Include 14.4 g/t Au over 20.2 m, 12.7 g/t Au over 24.4 m and 14.3 g/t Au over 8.0 m
The new results are from drilling completed in 2023 designed to define the
Highlight new results from the 2023 drilling program at McCoy-Cove include:
- iCHU23-33: 14.4 g/t Au over 20.2 m
And 13.3 g/t Au over 3.7 m
- iCHU23-34: 12.7 g/t Au over 24.4 m
- iCHU23-35: 10.1 g/t Au over 7.9 m
And 14.3 g/t Au over 8.0 m
- iCHU23-36: 9.7 g/t Au over 9.6 m
And 33.9 g/t Au over 2.8 m
"Deposits with continuous high-grade gold mineralization over substantial widths like those at Cove are rare.", stated
The McCoy-Cove Property is strategically located in the prolific Battle Mountain Trend immediately south of
The program being completed will consist of approximately 120 holes comprising more than 40,000 m of drilling on approximate 30 metre spacing in advance of an updated resource estimate and economic study. This program is focused on the CSD Gap and
Table 1 – Highlight New Assay Results from Cove Underground Drilling
New 2023 results from McCoy-Cove, estimated true thickness 75-95% | |||||||
Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) |
iCHU23-29 | Helen | Core | 223.1 | 230.5 | 7.4 | 7.0 | 1.8 |
iCHU23-30 | Helen | Core | 268.3 | 271.5 | 3.2 | 12.6 | 1.3 |
and | Helen | Core | 284.4 | 285.4 | 1.0 | 37.8 | 6.1 |
iCHU23-31 | Helen | Core | 132.7 | 133.7 | 1.1 | 33.8 | 5.4 |
and | Helen | Core | 140.8 | 143.8 | 3.0 | 19.2 | 3.1 |
and | Helen | Core | 243.2 | 249.7 | 6.5 | 7.3 | 0.9 |
iCHU23-32 | Helen | Core | 148.2 | 153.3 | 5.1 | 7.0 | 3.3 |
and | Helen | Core | 221.4 | 224.0 | 2.6 | 12.2 | 0.4 |
and | Helen | Core | 270.2 | 272.7 | 2.5 | 14.5 | 3.0 |
and | Helen | Core | 284.4 | 291.3 | 6.9 | 8.4 | 2.5 |
and | Helen | Core | 295.4 | 296.8 | 1.4 | 21.3 | 11.8 |
and | Helen | Core | 334.9 | 336.4 | 1.5 | 7.1 | 1.3 |
iCHU23-33 | Helen | Core | 290.4 | 310.6 | 20.2 | 14.4 | 3.2 |
and | Helen | Core | 321.1 | 324.8 | 3.7 | 13.3 | 3.6 |
iCHU23-34 | Helen | Core | 271.6 | 295.9 | 24.4 | 12.7 | 1.5 |
iCHU23-35 | Helen | Core | 270.1 | 274.0 | 4.0 | 11.9 | 1.1 |
and | Helen | Core | 283.2 | 290.8 | 7.6 | 6.8 | 2.0 |
and | Helen | Core | 303.6 | 311.5 | 7.9 | 10.1 | 4.0 |
and | Helen | Core | 323.6 | 331.6 | 8.0 | 14.3 | 5.8 |
and | Helen | Core | 337.7 | 341.1 | 3.3 | 7.9 | 1.6 |
iCHU23-36 | Helen | Core | 268.7 | 278.3 | 9.6 | 9.7 | 1.2 |
and | Helen | Core | 299.6 | 302.4 | 2.8 | 33.9 | 11.9 |
UTM | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
iCHU23-29 | 481771 | 4466011 | 1427 | 311 | -67 | |
iCHU23-30 | 481771 | 4466012 | 1428 | 323 | -78 | |
iCHU23-31 | 481772 | 4466012 | 1428 | 000 | -77 | |
iCHU23-32 | 481772 | 4466011 | 1428 | 355 | -83 | |
iCHU23-33 | 481773 | 4466012 | 1428 | 019 | -80 | |
iCHU23-34 | 481773 | 4466011 | 1428 | 045 | -77 | |
iCHU23-35 | 481773 | 4466011 | 1428 | 073 | -82 | |
iCHU23-36 | 481774 | 4466011 | 1428 | 087 | -77 |
The Helen and CSD Gap zones are comprised of Carlin-style mineralization hosted primarily in the Favret limestone. Enhanced grades and thicknesses of mineralized zones occur at structural intersections, along the margins of dikes and sills, and within the axis of the northwest striking Cove anticline. The McCoy-Cove Property comprises a large package of approximately 13,000 hectares covering an area roughly 15 km by 10 km that offers substantial exploration upside as the bulk of work completed to-date has been focused on the main deposit areas. This work has resulted in several new discoveries that have received little to no follow-up including polymetallic mineralization in the 2201 and
Please click here for further information on abbreviations and conversions referenced in this press release.
All samples were submitted to ALS Minerals (ALS) of
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at McCoy-Cove and the potential of the Cove project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
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