This work formed part of the Company's 2020 exploration program backed by strategic partners
Highlights Include: At the JPR property, additional gold mineralization encountered on multiple targets hosted within a regional scale structurally controlled mineralized system.
Trenching at the Vertigo target identified a new mineralized zone grading 2.16 g/t Au over 21.0m including higher grade subzones of 5.69 g/t Au over 3.0m and 4.15 g/t Au over 5.0m, associated with a southeast trending gold-in-soil geochemistry anomaly which remains open along strike.
JPR RAB drilling encountered gold mineralization in every hole with mineralized zones ranging from 0.20-3.29 g/t Au over widths of 1.5-9.1m.
Rock samples from a hand dug pit collected on the recently discovered Notorious target confirmed the presence of high-grade gold mineralization. The two deepest samples at 1.4m and 1.5m returned the highest values including 18.2 g/t Au & 33.6 g/t Ag and 4.376 g/t Au & 9.8 g/t Ag, respectively.
Structural analysis of the Notorious target area based on LiDAR and magnetics confirms a favourable structural geological setting.
At Titan, RC and diamond drill holes were completed 8m and 4m respectively from RAB hole HENTTN19RAB-002 (72.81 g/t Au over 6.09m) to better quantify the grade and width of mineralization. Hole HENTTN20RC-001 intersected 105.0 g/t Au over 1.53m from 12.19m depth & HENTTN20D-003 intersected 37.40 g/t Au over 1.5m from 14.0m depth.
Titan diamond drilling intersected multiple felsic dykes up to 10m wide, locally with well-developed quartz veinlets with potassium feldspar haloes and trace pyrite and galena, confirming intrusive activity and potential for buried porphyry style alteration and mineralization.
Source of magnetic highs on Titan target is magnetite-rich zone(s) with anomalous copper near the base of a mafic unit.
Significant additional results from the 2020 exploration program to be announced in the coming weeks.
All gold intersections reported herein are measured drill or trench lengths as insufficient work has been carried out to determine true widths.
'We are pleased to have encountered further additional gold mineralization across multiple recently identified zones as well as confirmed the high-grade mineralization on the newly discovered Notorious target, providing further indication that the abundant gold mineralization is part of a robust regional scale structurally controlled system on the JP Ross Property. This program has also provided valuable insight into the orientation and geometry of the mineralized systems, information that has been incorporated into our scientific and data driven methodology to define drill targets for the upcoming season. We look forward to releasing additional results from our 2020 exploration program and continuing to advance our projects in 2021.' stated
AME Roundup 2021
The Company is pleased to invite interested parties to its virtual booth at the AME Remote Roundup 2021
About RAB Drilling
The Company successfully utilizes rotary air blast (RAB) drilling as an efficient and cost effective first-pass exploration drilling technique on its
About
The Company owns a portfolio of 21,207 quartz claims across 32 properties covering over 420,000 hectares representing over 40% of the
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This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'proposed', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company's objectives, goals and exploration activities conducted and proposed to be conducted at the Company's properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company's properties will be successful; exploration results and future exploration plans and costs and financing availability.
These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as 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 materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to
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