Two geologists and a prospector spent five days on the Gold Cutter Property for Silverstock in
Results from a work program conducted in 2020 had verified the presence of significant precious and base metal values in intrusive-hosted veins around the original discovery zone. Gold results varied from below detection to a high of 9.81 g/t; nine samples had in excess of 0.5 g/t Au. Silver ranged from below detection up to 101 g/t. Base metal values varied from very low to highs of 0.23% (Cu), 0.29% (Pb) and 0.09% (Zn). Molybdenum had a highest value of 0.22%.
The follow-up work completed in 2021 extended a north-northeast trending zone of quartz-ankerite-pyrite alteration in volcanics (now 55 m long by up to 10 m wide) discovered in 2020, and further assessed soil/lithogeochemical and magnetic/structural targets inferred from 2020 data. Fill-in prospecting and geological mapping in areas not previously assessed were also undertaken.
The Company will continue to review and assess the information it has currently on hand and will have a better idea of the potential of the entire Property once the results from the 2021 program have been analyzed.
About the Property
The Gold Cutter Property consists of two mineral tenures covering a total of 1,821.1 hectares (18.2 km2), 85 km north of
The Property lies within the Quesnellia terrane, in the southern Intermontane Belt of the Canadian Cordillera. In the
The Property is underlain by siltstone/sandstone of the
Two geologists and two prospectors spent one week on the Property for Silverstock in
About
Contact:
Tel: (778) 897 3322
Email: invest@silverstockmetals.com
Forward-Looking Statements
This news release includes certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the commencement of trading of the Company's common shares on the Canadian Securities Exchange, future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'will', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company's properties, that the COVID-19 global pandemic will not affect the ability of the Company to conduct the exploration program on the Gold Cutter Property, the availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the Company's option to acquire the Gold Cutter Property, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading 'Risk Factors' in the Company's prospectus dated
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