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AEX Gold Inc. Reports Positive Results from Geophysical Surveys Conducted Across its Tartoq Licence

TORONTO, ON / ACCESSWIRE / November 23, 2021 / AEX Gold Inc. (AIM:AEXG); (TSXV:AEX), an independent gold company with a portfolio of exploration licences…

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TORONTO, ON / ACCESSWIRE / November 23, 2021 / AEX Gold Inc. (AIM:AEXG); (TSXV:AEX), an independent gold company with a portfolio of exploration licences in Greenland, is pleased to announce the completion of its geophysical exploration programme conducted across its 100% owned Tartoq gold exploration licences in Southern Greenland.

The 248km2 Tartoq licences host mineralisation that is considered analogous to projects in Canada’s Abitibi greenstone belt and AEX believe that the licence holds the potential to host a multi-million ounce Orogenic Gold deposit.

Historical drilling (460m of ‘Winkie drilling’ and 1,364m of core) across the Nuuluk & Iterlak sub blocks include intersections of 2.5 m @ 4.8 g/t Au at Nuuluk, 2.0 m @ 6.6 g/t Au at Nuuluk and 1.97 m @ 8.28 g/t Au at Iterlak, (2020 SRK CPR).

Highlights

  • Successful completion of a 84km2 airborne magnetics and radiometrics survey across the prospective Tartoq Gold Belt
  • Machine Learning aided interpretation from Goldspot, the Company’s technical partners
  • Clearer understanding of the controls to mineralisation within the Tartoq licence
  • Identification of structures prospective for the hosting of mineralisation
  • Programme materially improved AEX’s structural understanding of the licence with identification of a series of priority targets for follow up exploration.

Airborne magnetics and radiometrics were flown over the Tartoq licences in the summer of 2021 (both the Nuuluk and Iterlak sub blocks) covering an area of 84km2 of prospective Archean greenstone belt (the Tartoq Gold Belt). This survey has been used by Goldspot and AEX’s geological team to interpret the underlying geology and structural control to the mineralisation. This has identified a number of key potential Orogenic Gold hosting sites. This has greatly increased the geological understanding of the licence and has been used to refine the Corporation’s exploration targets at Tartoq to allow AEX to focus its efforts on the most prospective ground for follow up exploration in 2022.

Eldur Olafsson, CEO of AEX, commented:

“I am pleased to report on the further development of one of our key gold exploration targets within our over 4000km2 licence portfolio within Southern Greenland. Tartoq is a highly prospective Archean terrain and has always been one of our primary exploration targets since we acquired the licence. This geophysical survey and associated interpretation (the first of three completed by AEX in 2021), which has been run by our geological team with the assistance of Goldspot, continues to increase our understanding of the geology and the controls to mineralisation, critical to refining our targets and concentrating our efforts towards further gold discoveries.

“Furthermore, the techniques used, including the use of machine learning assisted interpretation, is further evidence of our team utilising the latest advances in mineral exploration within their innovative discovery strategy.

“These results have increased our confidence and narrowed our targeting and I remain excited for the next phase of our exploration efforts over these licences.”

Geological Detail

Background

During the summer field programme in Southern Greenland, AEX contracted New Resolution Geophysics (NRG) to conduct a high resolution XPlorer magnetic and radiometric survey between the 30 August and the 17 September 2021 across three licence blocks.

A total area of 84km2 was covered at Tartoq both at 100m and more detailed 50m line spacing in order to provide high resolution imaging over the key target areas of the Tartoq Gold Belt.

Figure 1: Location of the Tartaq licences in Southern Greenland

Figure 2: Outline of the geophysical surveys conducted at Nuuluk and Iterlak sub blocks

Geophysical Results

Following a calibration period for the equipment, NRG conducted the survey and provided AEX with a series of results which included new high resolution:

  • Digital Terrain Models (DTM),
  • Process Potassium, Thorium and Uranium radiometrics
  • Process Radiometic Ternary plots
  • Total Field Magnetics
  • Analytical Signal (AS)
  • Reduced to Magnetic Pole (RTP)
  • First Vertical Derivative (VD1)
  • Total Horizontal Derivative (TDR)

The survey design, raw data processing and final outputs have all been quality controlled by AEX’s independent geophysical consultant Henrik Sabra of Vanguard Geophysics providing the Corporation with the confidence to use this data during its interpretation and future planning and targeting.

Figure 3: RTP imagery of the Nuuluk and Iterlak sub blocks

Figure 4: Ternary Radiometics imagery of the Nuuluk and Iterlak sub blocks

Interpretation

AEX contracted Goldspot to assist in the interpretation of these results towards a clear understanding of the location and controls to gold mineralization. During this process Goldspot produced a number of additional images such as a Ternary RTP-VD1-VD2 image as well as a unsupervised machine learning clustering map used to assess similarities in RTP responses toward a better geological assemblage map.

Figure 5: Goldspot produced Ternary RTP-VD1-VD2 imagery of the Nuuluk and Iterlak sub blocks

From these images AEX along with Goldspot have produced a set of interpretations and recommendations.

Nuuluk

The Nuuluk sub block hosts a volcano sedimentary belt within a regional NE striking dextral shear corridor bordered by a set of thrust faults. These highly sheared lithologies host an interpreted positive flower structural pattern derived from a WNW-ESE compressional regime. These structures as well as sheared hinges and limbs of a series of antiform and synform folds identified, exist as potential antiformal culmination trap sites ideal for Orogenic Gold mineralisation and are possibly linked to pre-existing deep seated architecture that could act as the fluid conduit for such a system. They also hold a strong correlation to rock chip samples >1.0g/t Au.

Iterlak

This sub block hosts a similar volcano sedimentary belt and a similar structural and Orogenic Gold hosting potential has been interpreted. In addition, a strong NE to ENE axial trace is observed as a potentially significant fluid trap site.

Figure 6: Structural Interpretation of the Nuuluk and Iterlak sub blocks

Future Targeting

Following these interpretations a series of prioritized targets have been identified for follow up ground work and geological verification. This has greatly narrowed down AEX’s exploration targeting and increased the structural understanding of the licence area which allow the Corporation’s geological team to focus its exploration efforts on the most prospective Orogenic Gold trap sites in subsequent field programmes.

Figure 7: Prioritized Target Sites across the Nuuluk and Iterlak sub blocks

References to figures and tables relate to the version visible in PDF format on the website by clicking the link below: https://www.aexgold.com/investors/regulatory-news-alerts/#tsx-news.

Enquiries:

AEX Gold Inc.
Eldur Olafsson, Director and CEO
+354 665 2003
[email protected]
Eddie Wyvill, Investor Relations
+447713126727
[email protected]

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)
Callum Stewart
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600

Panmure Gordon (UK) Limited (Joint Broker)
John Prior
Hugh Rich
Dougie Mcleod
+44 (0) 20 7886 2500

Camarco (Financial PR)
Gordon Poole
Emily Hall
+44 (0) 20 3757 4980

Further Information:

About AEX

AEX’s principal business objectives are the identification, acquisition, exploration and development of gold properties in Greenland. The Corporation’s principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold assets covering 3,870km2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region. AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Corporation’s current expectations regarding future events and the future growth of the Corporation’s business. In this press release there is forward-looking information based on a number of assumptions and subject to a number of risks and uncertainties, many of which are beyond the Corporation’s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the factors discussed under “Risk Factors” in the Final Prospectus available under the Corporation’s profile on SEDAR at www.sedar.com. Any forward-looking information included in this press release is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Corporation assumes no obligation to update or revise any forward-looking information to reflect new circumstances or events. No securities regulatory authority has either approved or disapproved of the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inside Information

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse (“UK MAR”), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse (“EU MAR”).

Qualified Person Statement

The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for AEX Gold and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.

SOURCE: AEX Gold Inc.

View source version on accesswire.com:
https://www.accesswire.com/674318/AEX-Gold-Inc-Reports-Positive-Results-from-Geophysical-Surveys-Conducted-Across-its-Tartoq-Licence





Author: AEX Gold Inc.

Today’s News

Razore Rock Announces Application for Extension of $0.15 Warrants

TORONTO, ON / ACCESSWIRE / November 26, 2021 / Razore Rock Resources Inc. ("Razore Rock" or the "Company") (CSE:RZR) wishes to announce that it will make…

TORONTO, ON / ACCESSWIRE / November 26, 2021 / Razore Rock Resources Inc. (“Razore Rock” or the “Company“) (CSE:RZR) wishes to announce that it will make application to extend the exercise date of 5,000,000 warrants currently exercisable until December 8, 2021 at $0.15 per share, issued pursuant to the private placement financing which closed on December 8, 2017, for a further one (1) year until December 8, 2022. The extension is subject to Canadian Securities Exchange (“CSE“) approval and the Company has requested relief from the requirement of the CSE that an application for extension of warrants be made at least ten (10) trading days prior to the expiry of the warrants. There has been no change to the warrant exercise price.

For further information, please contact:
Bill Johnstone, Corporate Secretary
Telephone: (416) 865-6605

About Razore Rock Resources Inc.

Razore Rock Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral resources.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this Press Release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Razore Rock Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/674822/Razore-Rock-Announces-Application-for-Extension-of-015-Warrants







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Today’s News

Monument Announces Drill Results at Peranggih Gold Prospect in Malaysia

VANCOUVER, British Columbia, Nov. 26, 2021 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased…

VANCOUVER, British Columbia, Nov. 26, 2021 (GLOBE NEWSWIRE) — Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce drill results from the reverse circulation (“RC”) drilling program at South and Central areas of the Peranggih Gold Prospect (“Peranggih”), located approximately 10km north of Selinsing Gold Mine.

The RC drilling program was carried out from March to July 2021. The main objective of this program is to delineate shallow mineralization approximately 50m below the surface that can be potentially developed and quickly mined to feed the existing oxide plant at the Selinsing Gold Mine should the assay and block model results be satisfactory (Figure 1).

Figure 1: Peranggih Location Map showing interpreted mineralization is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8c4c1d6-ad5f-4a1d-8290-a0977ed2f537

Significant Intercept Results

  • PGRC076: 5m at 6.88 g/t Au from 10m including 3m at 11.06 g/t Au from 11m
  • PGRC077: 14m at 1.50 g/t Au from 16m including 4m at 4.30 g/t Au from 19m
  • PGRC089: 13m at 1.39 g/t Au from 11m including 2m at 5.30 g/t Au from 11m
  • PGRC102: 9m at 1.52 g/t Au from 29m including 1m at 10.21 g/t Au from 36m
  • PGRC113: 21m at 1.24 g/t Au from 21m including 7m at 2.58 g/t Au from 21m
  • PGRC117: 10m at 1.56 g/t Au from 8m including 5m at 2.61 g/t Au from 10m

See details in Appendix 1-Summary of Drill Results (0.35 g/t cut-off grade)

2021 RC Drilling Program

The RC drilling program consisted of 68 RC holes for 3,317m, to a maximum depth of 70m for 3 holes (Figure 2). 3,901 samples were assayed at the onsite laboratory at Selinsing Gold Mine (the “Lab”). The final assay results were received on August 15th 2021. The drill program confirmed the extension of significant mineralization down-dip of the previously explored area by shallow percussion rotary air blast (“RAB”) drilling along the North-West striking shear structure.

Overall, 70% of the designed holes hit gold mineralization above an oxide cut-off (>0.35 g/t Au Au) at relatively shallow depth, 50m below the surface. The results defined wider lower grade mineralization over an 830m long by 60m wide zone (Figure 2).

The 2021 RC drilling was conducted in two phases to optimize each phase, improving the potential to hit the targeted mineralization.

Phase 1 drilling was carried out from March to April 2021 at 20m by 20m nominal spacing and the average depth of 48m, involving 34 drill holes for a total 1,697m. Phase 1 drilling targeted high and low grade shallow mineralization extension at South and Central Peranggih, intercepted during the RC and diamond drilling campaign from February to May 2018 (21 DD holes for 1,015m and 34 RC holes for 1,710m). This target coincides with the eluvial and colluvial material located on the surface down to approximately 15m. Most of the holes were drilled at 60° dip oriented toward west.

Phase 2 drilling was initiated in May 2021 and completed in July 2021 after receiving encouraging assay results from Phase 1, targeting the strike extension of the mineralization at Peranggih South and Central intercepted in the phase 1 drilling. The program involved 34 RC holes for a total 1,620m and the average depth of 48m. The drilling azimuth, hole orientation, average depth, and spacing were similar to the Phase 1 program. Two reconnaissance holes were drilled at the southern part of Peranggih North to test an anomalous area.

Figure 2: Drill hole locations and geological map of Peranggih is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e4583027-0896-42b8-8509-38088c4783f1 

QA/QC

The Company implements a thorough internal Quality Assurance/Quality Control (“QA/QC”) protocol on all aspects of sampling and analytical procedure. Rock chips are monitored, collected, marked for sampling, and logged. Certified Reference Material ‘CRM”, duplicates, and blank samples are inserted based on industry standard practice. The samples were assayed internally at Selinsing laboratory using fire assays with Atomic Absorption Spectrometer (“AAS”) finish.

All blanks reported Au value below the recommended value, indicating low-risk contamination at the laboratory. All CRM’s assay values fall within the three standard deviation range. These indicate that all CRMs are performing well, and the result from the lab is considered reliable. Duplicate samples show good repeatability, potentially indicating that low cross-contamination takes place in the Lab.

Peranggih Geology and Mineralization

The Peranggih mineralization is structurally controlled by the 40-50m wide North-West shear zone. The completed drilling program outlined the extent of the footwall and hanging wall of the mineralized structure. The presence of quartz breccia, tuff breccia, and sheared country rock of argillaceous sediment, tuff and black shale indicates the nature of deformational event responsible for gold deposition at Peranggih. The steeply dipping high-grade (above 1.5 g/t) mineralized structure cuts across the low-grade mineralization at a higher angle and locally occurs at Peranggih South and Central. The spatial location of the high-grade mineralization is shown in the North-South (“N-S”) long section (Figure 3). The low and high grade structures are still open along the strike and down dip. An additional RC drilling program is planned to vector the 560m extension of the mineralized zone along strike and down plunge and dip of the known orebody.

The Peranggih mineralization is commonly associated with matrix-supported quartz breccia. The bulk of the mineralization occurs in a highly oxidized setting, as Peranggih is hosted in a deep weathering environment. The lithologies generally experience moderate argillic and silicification alteration. The structural framework suggests that the mineralized auriferous breccia is emplaced within the shear system with a steep to moderate dip towards the east.

Figure 3: The N-S long section of Peranggih shows the high-grade interception from the RC drilling program is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7831836b-3555-4301-af15-70b1c57b37af

Previous Rotary Air Blast ‘RAB’ Drilling and Follow Up Mining Work

Since January 2020, Monument has actively undertaken 86,870m of RAB drilling at Peranggih and intermittently mined and produced a total of 3,610oz Au as of October 31st, 2021. The shallow RAB drilling at a nominal spacing of 3m x 3m or 5m x 5m with a maximum 20m depth targeted shallow gold occurrences associated with eluvial and colluvium material that exists above the mineralized structure.

As a result of the 2021 RC drilling, an internal block model was produced, and an internal shallow pit shell down to 40m below the surface level was optimized. A total of 55kt of mineralized material was mined and fed to the mill in Q1 2022. Oxide mining and production from Peranggih are expected to increase in the upcoming months.

Peranggih is a fully permitted site having a ten year’s mining lease expiring March 14, 2029.

The scientific and technical information in this press release has been prepared by Adrian Woolford, B.Sc.(Hons) Chief Geologist of Monument Mining Limited; reviewed and approved by Roger Stangler, MEng, FAusIMM, MAIG, a Qualified Person as defined by NI43-101, retained by Golder Associates Pty Ltd.

About Monument

Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is also advancing the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra (20% interest) in the Murchison area of Western Australia. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6

FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:

Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 [email protected]  

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Forward-Looking Statement

This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this news release. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Material factors and assumptions used to develop forward-looking statements in this news release include: expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations regarding the results of exploration on the Company’s projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated future production; the expected timing and results of development and exploration activities; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the technical reports on the Company’s projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Appendix 1-Summary of Drill Results (0.35 g/t cut-off grade):

Hole ID Easting Northing RL Azimuth Dip EOH (m) Depth from (m) Depth to (m) Length (m) Au grade (g/t Au)
PGRC052 423186 479857 113 270 -60 70 19 23 4 0.41
PGRC053 423154 479859 114 270 -60 57 24 32 8 1.08
and 44 51 7 0.35
PGRC054 423128 479858 118 270 -60 50 7 10 3 0.55
and 14 24 10 0.61
PGRC055 423127 479874 115 270 -60 50 1 15 14 0.58
including 10 12 2 1.71
and 18 37 19 0.86
including 26 30 4 2.10
PGRC057 423143 479872 114 270 -59 50 35 48 13 0.47
PGRC058 423183 479839 115 274 -61 50 2 11 9 0.41
and 27 41 14 0.54
including 35 36 1 1.29
PGRC061 423009 480261 110 270 -59 50 31 38 7 0.52
PGRC063 422994 480247 112 269 -59 40 18 26 8 0.68
including 21 23 2 1.23
PGRC067 423032 480304 109 269 -59 60 15 19 4 0.55
PGRC068 422983 480325 103 271 -60 40 16 24 8 0.60
PGRC070 423072 479987 117 271 -60 50 14 19 5 0.71
including 15 16 1 2.21
PGRC072 423072 479969 111 273 -60 50 0 6 6 0.43
PGRC073 423098 480007 114 270 -61 60 39 49 10 0.50
including 42 43 1 1.90
PGRC074 423145 479896 110 271 -59 50 22 27 5 0.60
and 32 35 3 0.38
and 38 50 12 0.79
including 42 43 1 1.32
PGRC075 423130 479896 110 269 -59 50 7 17 10 0.41
and 24 30 6 0.54
and 44 49 5 0.56
PGRC076 423106 479981 106 274 -59 60 10 15 5 6.88
including 11 14 3 11.06
and 48 51 3 0.65
PGRC077 423089 479967 106 277 -60 50 16 30 14 1.50
including 19 23 4 4.30
PGRC078 423098 479970 106 269 -60 60 18 38 20 0.86
including 20 27 7 1.62
PGRC079 423128 479921 110 272 -60 50 0 14 14 0.38
PGRC080 423113 479921 110 266 -61 50 9 23 14 0.48
PGRC081 423143 479921 110 271 -61 50 2 12 10 0.48
PGRC082 423117 479909 110 271 -59 50 9 14 5 0.64
including 13 14 1 1.68
PGRC083 423116 479857 118 270 -59 30 0 20 20 0.77
PGRC085 422915 480560 107 268 -61 50 18 21 3 0.66
PGRC086 423039 480382 99 270 -60 50 1 12 11 0.68
including 2 7 5 1.09
PGRC087 423052 480096 110 275 -61 50 14 19 5 0.93
including 15 17 2 1.61
and 22 27 5 0.38
PGRC088 423065 480111 110 267 -60 30 7 12 5 0.72
and 22 30 8 0.83
including 27 29 2 1.91
PGRC089 423095 480112 110 271 -59 40 11 24 13 1.39
including 11 13 2 5.30
and 29 39 10 0.47
PGRC091 423069 480141 109 269 -61 40 30 33 3 0.93
PGRC092 423072 480090 110 259 -59 50 17 30 13 0.62
including 17 19 2 1.14
and 39 44 5 0.62
PGRC093 423071 480072 110 271 -61 50 37 42 5 2.01
including 40 42 2 4.72
PGRC095 423109 479948 110 270 60 70 34 47 13 0.57
including 34 38 4 1.00
PGRC096 423175 479814 128 270 60 50 12 26 14 0.44
including 20 21 1 1.19
PGRC098 423085 480020 108 269 -61 60 4 17 13 0.41
and 34 39 5 0.42
PGRC099 423076 480047 108 271 -61 50 9 16 7 1.00
including 11 13 2 2.10
and 20 25 5 0.37
PGRC100 423196 479838 117 269 -61 70 45 52 7 0.62
and 63 69 6 0.40
PGRC101 423194 479823 120 273 -60 50 3 7 4 0.39
and 22 32 10 0.38
and 35 42 7 0.43
PGRC102 423095 480096 108 271 -59 50 13 24 11 0.41
and 29 38 9 1.52
including 36 37 1 10.21
PGRC106 422978 480404 98 271 -59 50 20 23 3 0.53
PGRC108 422991 480358 100 271 -60 30 8 20 12 1.22
including 18 20 2 2.69
PGRC110 423024 480374 100 271 -60 30 5 8 3 0.50
PGRC112 423003 480276 110 269 -60 50 30 36 6 0.55
including 31 32 1 1.02
PGRC113 423093 479841 128 269 -59 60 21 42 21 1.24
including 21 28 7 2.58

All intercepts reported are based on a drill width more than 3m above oxide cut-off (0.35g/t Au) with less than 2m internal dilutions constrained at 0.30 g/t Au while included intercepts with a minimum of 1m width is constrained at 1.0g/t Au.









monument mining limited

Author: Author

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Today’s News

Whitehorse Gold Announces Resignation of Director and CEO

Vancouver, British Columbia–(Newsfile Corp. – November 26, 2021) – Whitehorse Gold Corp. (TSXV: WHG) ("Whitehorse Gold" or the "Company") announces…

Vancouver, British Columbia–(Newsfile Corp. – November 26, 2021) – Whitehorse Gold Corp. (TSXV: WHG(“Whitehorse Gold” or the “Company”) announces that Kevin Weston has resigned as CEO and a director of Whitehorse Gold. However, Mr. Weston will continue with the Company as a consultant.

“I would like to thank Kevin for his contribution to the Company,” stated Dr. Mark Cruise, Chairman of Whitehorse Gold. “Kevin has been a key member of the Company since inception and was a part of the team that successfully completed the 2021 exploration and drill campaign at the Skukum Gold Project in southern Yukon. We look forward to his continued contribution to Whitehorse Gold and wish him success in his new endeavours.”

ABOUT WHITEHORSE GOLD CORP.

Whitehorse Gold is a responsible mineral exploration and development company focused on its 170-square-km Skukum Gold Project located in southern Yukon, approximately 55 km south-southwest of Whitehorse. The Project hosts the advanced-stage Skukum Creek and Goddell deposits, and the formerly producing Mt. Skukum high-grade gold mine, all of which remain open for expansion, plus additional untested mineralized occurrences. Project infrastructure includes an all-weather access road, a 50-person camp, approximately 6 kms of underground development, and a previously operating 300-tpd mill and associated support facilities. Underground operations by a previous operator at Mt. Skukum from 1986 to 1988 saw 233,400 tons of ore mined and processed to recover approximately 79,750 ounces of gold (Total Energold Corporation, 1989).

On Behalf of Whitehorse Gold Corp.
signed “Mark Cruise”
Dr. Mark Cruise, Chairman

For further information please contact:
Steve Stakiw, Vice President – Corporate Affairs
Phone: 1-778-998-7356
Email: [email protected]
www.whitehorsegold.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105308




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