Including 31.1 g/t Au over 21.9 m, 28.7 g/t over 16.5 m, 37.7 g/t Au over 7.6 m & 11.9 g/t Au over 21.6 m
The 2023 surface and underground drilling campaign is focused on the delineation and expansion of mineralization within the
The underground drill program is focused on the upper part of the deposit, where initial mining is planned, while surface drilling is currently targeting the northern extension where drilling is also defining high-grade mineralization with recent results that include intervals of up to 15.5 g/t Au over 19.7 m in iGS23-05 (See Figure 1). Prior to hole GCPU23-19, underground drilling was completed in the current areas being mined in the
Highlight results from new underground drilling in the
- GCPU23-19: 16.9 g/t Au over 5.7 m
- GCPU23-20: 37.7 g/t Au over 7.6 m
- GCPU23-21: 19.2 g/t Au over 4.3 m
- GCPU23-22: 31.1 g/t Au over 21.9 m
- GCPU23-25: 27.3 g/t Au over 4.0 m
- GCPU23-26: 19.5 g/t Au over 4.1 m
- GCPU23-30: 28.7 g/t Au over 16.5 m and 11.9 g/t Au over 21.6 m
- GCPU23-31: 20.6 g/t Au over 6.1 m
- GCPU23-32: 15.4 g/t Au over 7.9 m and 31.0 g/t Au over 2.4 m
"Both surface and underground drilling in the
The Granite Creek Property is strategically located proximal to
Table 1 – Summary Assay Results from South Pacific Zone Underground Drilling
Drillhole ID | Zone | Type | From (m) | To (m) | Length (m) | Au (g/t) |
GCPU23-19 | SPZ | Core | 59.9 | 65.6 | 5.7 | 16.9 |
GCPU23-20 | SPZ | Core | 59.1 | 66.8 | 7.6 | 37.7 |
GCPU23-21 | SPZ | Core | 66.4 | 70.7 | 4.3 | 19.2 |
GCPU23-22 | SPZ | Core | 155.8 | 177.7 | 21.9 | 31.1 |
GCPU23-23 | SPZ | Core | 114.8 | 116.0 | 1.2 | 5.3 |
GCPU23-24 | SPZ | Core | 75.0 | 76.7 | 1.7 | 13.6 |
GCPU23-25 | SPZ | Core | 75.9 | 79.9 | 4.0 | 27.3 |
And | SPZ | Core | 84.4 | 86.0 | 1.5 | 19.6 |
GCPU23-26 | SPZ | Core | 68.7 | 72.8 | 4.1 | 19.5 |
GCPU23-27 | SPZ | Core | 90.8 | 92.4 | 1.5 | 5.8 |
GCPU23-28 | SPZ | Core | NSI | |||
GCPU23-29 | SPZ | Core | NSI | |||
GCPU23-30 | SPZ | Core | 89.6 | 106.1 | 16.5 | 28.7 |
And | SPZ | Core | 183.5 | 205.1 | 21.6 | 11.9 |
And | SPZ | Core | 211.5 | 221.9 | 10.4 | 13.9 |
GCPU23-31 | SPZ | Core | 246.6 | 252.7 | 6.1 | 20.6 |
GCPU23-32 | SPZ | Core | 219.2 | 227.1 | 7.9 | 15.4 |
And | SPZ | Core | 255.4 | 256.6 | 2.4 | 31.0 |
True widths estimated 30-80% with an average of 50%, NSI abbreviation for no significant intercept. |
Table 1a Collar Coordinates | ||||||
UTM | Drillhole ID | East m | North m | Elevation m | Azimuth | Dip |
| GCPU23-19 | 478223 | 4554279 | 1328 | 029 | -48 |
GCPU23-20 | 478223 | 4554279 | 1328 | 024 | -58 | |
GCPU23-21 | 478223 | 4554279 | 1328 | 036 | -52 | |
GCPU23-22 | 478224 | 4554277 | 1328 | 067 | -55 | |
GCPU23-23 | 478223 | 4554276 | 1328 | 060 | -57 | |
GCPU23-24 | 478223 | 4554278 | 1328 | 041 | -46 | |
GCPU23-25 | 478223 | 4554278 | 1328 | 042 | -51 | |
GCPU23-26 | 478223 | 4554277 | 1328 | 044 | -56 | |
GCPU23-27 | 478223 | 4554277 | 1328 | 049 | -49 | |
GCPU23-28 | 478223 | 4554277 | 1328 | 053 | -54 | |
GCPU23-29 | 478223 | 4554277 | 1328 | 046 | -52 | |
GCPU23-30 | 478223 | 4554277 | 1328 | 053 | -52 | |
GCPU23-31 | 478223 | 4554276 | 1328 | 086 | -60 | |
GCPU23-32 | 478223 | 4554276 | 1328 | 081 | -58 | |
GCPU23-33 | 478223 | 4554278 | 1328 | 046 | -40 |
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
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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