Drilling Update: cutting and logging of all core from this summer's diamond drill program has been completed. The Company will issue a press release report covering the core shortly and is anticipating receipt of assays between
Exploration Highlights.
Sampling was carried out within the Anderson Gold Trend (Figure 1), a 16km+ by 3km long belt of placer gold creeks, including Owl, Anderson, and Steep creeks, Dawn Gulch and numerous anomalous gold in soil zones-1.
The program has resulted in major expansions to the size and strength of multiple zones.
Collectively over 9.5km of drill-ready zones marked by anomalous gold values have now been delineated within the Anderson Gold Trend. (Figure 2).
The Owl-Anderson zone has been increased in length from its previous 1km to approximately 3km through soil sampling with values over 0.5g Au/t in soil; supported through tracing of parallel features on air photos and magnetics.
The Owl-Anderson structure has the potential to independently become a large-scale gold camp.
One zone within the Peak group of anomalies has been increased in size from 500m to over 1,600m; open in one direction. This includes one 200+/-m section with over 0.15g Au/t.
One zone within the
Soil sampling at the Carlin West silver project has extended the main anomaly area by over 150% to 450+m in length and defined a core zone over 100m long with 31-49g Ag/t(1-1.6 oz Ag/t) in soil (Figure 3).
Detailed plotting indicates a complex intersection of mineralized structures within the Carlin West anomaly.
Unless otherwise noted, zones will represent Au or Ag in soils.
Soil sampling- Anderson- Davidson (18 separate zones)
At
At Peak, 6 zones have been identified: a 1,600m long zone having gold values up to 272 ppb; an 850m long zone having gold values up to 134ppb; a 580m long zone having gold values up to 48ppb; a 280m long zone having gold values up to 47ppb; a 240m zone having gold values up to 340ppb; and a 340m long gold zone having values up to 33ppb.
At Owl-Anderson, 4 zones have been identified: a 3,000m+ long zone having gold values up to 527ppb.; a 600m zone having gold values up to 63ppb; a 360m long zone having values up to 86ppb; and a 120m long zone having gold values up to 201ppb.
At Norman, 2 zones have been identified: a 670m long zone having gold values up to 87ppb and a 600m long zone having gold values up to 46ppb.
At Dawn Gulch, placer mining, anomalous silt samples of up to 16.2ppb and heavy mineral concentrate samples of up to 25,500g Au/t, suggest the presence of lode gold. This locality requires completion of soil sampling to delineate gold targets.
Soil Sampling and geophysics - Trail-
A 700m+/- wide zone of north-trending irregular parallel bands of gold anomalies has been defined along the east margin of the Roaring Fork Stock for a distance of ~ 4 km (Figure 4) and mirror similarly-oriented parallel bands on plots of the magnetic analytical signal. Over 3 km2 of terrain marked by similar magnetic features has not yet been sampled. Trail-
Soil Sampling -
At
Soil Sampling-
The width of the area with the highest values for silver in soil (? 30g Ag/t) are suggestive of shoots enriched in silver where various zones intersect. The plots for silver at Carlin West suggest multiple zones at azimuths of 285*, 300* and 330*.
To the north, parallel silver zones trending at an azimuth of 60*+/- are present. This set has been termed the AJ anomaly. Both group of anomalous zones have high-grade grab samples associated with them:
Contact:
President & CEO
T: 613-836-2594
E: vrampton@mayolakeminerals.com
VP Exploration
T: 613-884-8332
E: tsutherland@mayolakeminerals.com
Corporate Administrator
T: (613) 836-2594
E: dmunro@mayolakeminerals.com
About
Mayo is actively engaged in the exploration and development of five precious metal projects in the Tombstone Plutonic Belt of the
Cautionary statement
This news release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. There can be no guarantee that Mayo Lake will be able to obtain a public listing as scheduled in this document. Mayo Lake undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
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