Connect with us

Today’s News

Brigadier Expands Precious Metal Rich Copper Discovery at Picachos

Rock chip channel sample at La Gloria mine includes 20.76 g/t gold, 15 g/t silver, 0.54% copper across 0.72 m.VANCOUVER, BC / ACCESSWIRE / September 7,…

Share this article:

Published

on

Rock chip channel sample at La Gloria mine includes 20.76 g/t gold, 15 g/t silver, 0.54% copper across 0.72 m.

VANCOUVER, BC / ACCESSWIRE / September 7, 2021 / Brigadier Gold Limited (the "Company" or "Brigadier") (TSXV: BRG|)(FSE:B7LM|)(OTC PINK:BGADF) is pleased to announce further analytical results from additional trenches across the Colinas copper-silver discovery as well as results from the historic La Gloria Gold Mine at its Picachos gold-silver-copper project Sinaloa, Mexico (the "Picachos Project", "Picachos" or the "Property").

At Colinas, Trench BRG-50651 was collared 56 metres east-northeast of BRG-50250 (results in press release dated Aug. 4, 2021) and excavated by hand to the northwest for 81 metres. The principal result of BRG-50651 is 0.35% copper and 9 g/t silver across 30 metres between 51 and 81 metres. The anomaly is open to the northwest as shown on the map below. A further 112 metres to the northwest, BRG-50823 returned a result of 60 g/t silver, 0.11% copper and 0.21% lead across 5 m. This includes a result of 257 g/t silver, 0.21% copper and 0.45% Pb across 1 m between 4 and 5 m. Forty-five metres southwest of BRG-50250, BRG-50735 was excavated to the northwest for 113 metres. This trench is on the northwest bank of the arroyo El Habal and bedrock was partially discovered in between deep overburden. From here, an anomaly of 0.11% copper and 5 g/t silver was measured across 54 metres between 18 and 72 metres. At the end of the trench between 110 and 111 metres, one sample returned 1.43 g/t gold, 135 g/t Ag, 0.06% copper, 0.32% lead, 36 ppm molybdenum, 0.17% bismuth, 41 ppm tungsten and 74 ppm tin. This result is notable as it indicates that gold is present in the porphyry environment in sericitic alteration assemblages as well as in veins and stockwork deposits in propylitic and argillic altered volcanic rocks at higher elevations in the southeastern part of the Property.

Rob Birmingham, CEO, comments, "The exploration team led by veteran geologist Michelle Robinson continue to expand on previous successes at the Picachos Project. We're pleased to see the precious metals rich, copper discovery announced on August 4th is growing in scale and providing the company with exceptional targets for further inspection. Furthermore, we are excited with the discovery of high grade gold, silver and copper in rock chip channel samples at the historic La Gloria mine. We look forward to providing shareholders with continued assays from these new discovery areas as they are received."

Fig. 1 Geological Level Plan (380 m) showing several trenches across Colinas with results for copper and silver.

La Gloria Gold Mine is located 4.2 kilometres southeast of Colinas at 950 metres elevation. Mine access is an easterly trending adit 106 metres long that intercepts a honeycomb stope approximately 100 metres long and 1.5 metres wide that trends northwesterly. Sixteen rock-chip channel sample lines were cut across pillars in the stope. The best overall result was 20.76 g/t gold, 15 g/t silver, 0.54% copper, 0.57% Pb and 1.70% Zn across 0.72 m from BRG-50017. This includes 0.12 m of 123.56 g/t Au, 50 g/t Ag, 2.8% copper, 1.35% Pb and 8.00% Zn.

Fig. 2 Cross-Section of La Gloria showing the location of sample line BRG-50017. Stockwork veining in the hanging wall to La Gloria is modeled from 230 linear metres of trenching southwest of the adit.

Southwest of La Gloria, 230 linear metres of rock exposed by the bulldozer were sampled at one-metre intervals in eight individual trenches. In this area there are numerous prospect pits and shallow workings for gold hosted in pyroclastic rocks intercalated with intermediate volcanic flows. The most significant result is 25 metres of 0.53 g/t Au, 0.34% Pb and 0.57% Zn in BRG-121950 between 18 and 43 metres. This includes 2 metres of 3.05 g/t Au, 8 g/t Ag, 0.09% Cu, 0.60% Pb and 0.81% Zn between 41 and 43 metres.

Approximately 215 metres NW of La Gloria, exploration of historic soil sample MTA-50409 with values of 1.15 ppm Au resulted in discovery of the Ranas Vein. The best result from 7 cuts across Ranas is BRG-29957 with values of 6.63 g/t Au, 11 g/t Ag and 0.36% Zn across 1.7 metres.

Mechanized trench BRG-50601 was cut across La Cocolmeca Vein 330 metres north of La Gloria. An overall result of 0.39 g/t Au, 7 g/t Ag, 0.09% Cu, 0.08% Pb and 0.29% Zn was returned across 17 metres between 48 and 65 metres. Most of the gold is between 63 and 64 metres with values of 4.36 g/t Au, 6 g/t Ag, 0.09% Cu, 0.15% Pb, 0.47% Zn and 14 ppm W across 1 m.

Eighty metres northwest of La Gloria, Brigadier trenched 47 linear metres under historic soil samples MTA-50413 and 50414 with values of 1.13 and 1.53 ppm gold, respectively. Trench BRG-50501 has an overall result of 0.62 g/t Au, 2 g/t Ag, 0.12% Pb and 0.24% Zn between zero and 35 metres and exposed a geological contact between a glassy quartz porphyritic rhyolite flow-dome (0-22 m) and intermediate pyroclastic country rocks (22-47 metres). The glassy rhyolite is cut by hairline microcrystalline veinlets of quartz with epidote. Gold values in this stockwork/disseminated mineralization range from 0.2 to 0.64 ppm between the interval 0-13 metres, with an average value of 0.35 g/t Au across the first 13 metres. Between 13 and 22 metres, the western contact of the flow-dome contains 1.26 g/t gold across 9 metres with a maximum value of 3.57 g/t Au across 1 m (18-19 m). This type of rhyolite-hosted disseminated/stockwork gold with low base metal values has only been recently documented on the Property at a different flow dome near Santa Elena, 1.4 kilometres northeast of this prospect. This flow-dome has surface dimensions of approximately 250 metres by 350 metres merits further exploration as a disseminated/stockwork gold deposit.

Appendix

Analytical results for trenches on the Picachos Project. DL=Detection Limit. TW = True Width

 

From (m)

To (m)

TW (m)

Au (g/t)

Ag (g/t)

Cu (ppm)

Pb (ppm)

Zn (ppm)

Mo (ppm)

Bi (ppm)

W (ppm)

Sn (ppm)

BRG-50501

0.0

35.0

35.0

0.62

2

79

1176

2418

DL

DL

DL

DL

including

17.0

19.0

2.0

3.37

2

41

112

89

DL

DL

DL

DL

including

34.0

35.0

1.0

2.41

4

108

4196

4245

DL

DL

DL

DL

BRG-121863

5.0

10.0

5.0

0.45

1

38

410

901

DL

DL

DL

DL

BRG-121714

19.0

20.0

1.0

1.32

DL

163

2120

11400

DL

DL

DL

DL

BRG-121714

37.0

38.0

1.0

1.58

DL

45.3

240

712

DL

DL

DL

DL

BRG-121714

100.0

137.0

43.0

0.21

DL

243

974

2563

DL

DL

DL

DL

BRG-121714

137.0

143.0

6.0

4.99

3

772

2192

8397

DL

DL

DL

DL

BRG-27119

0.0

0.6

0.6

2.15

8

2343

7598

14503

DL

DL

DL

DL

BRG-27121

0.0

1.3

1.3

7.06

21

6415

3516

5125

DL

9

8

DL

including

1.1

1.3

0.2

41.05

36

30000

2269

3197

DL

42

27

DL

BRG-50002

0.0

1.0

1.0

0.40

DL

394

1393

3714

DL

DL

DL

DL

BRG-50004

0.0

0.6

0.6

0.03

DL

147

993

3500

DL

DL

DL

DL

BRG-50006

0.0

0.7

0.7

2.09

14

1875

7346

9427

DL

10

9

DL

including

0.0

0.1

0.1

14.02

49

10800

13300

25400

4

56

33

DL

BRG-50008

0.0

1.0

1.0

2.62

DL

269

1729

5848.1

DL

DL

8

DL

including

0.1

0.5

0.4

7.07

DL

405

3213

4589

DL

DL

14

DL

BRG-50011

0.0

1.0

1.0

3.20

5

741

4121

18870

DL

DL

DL

DL

including

0.1

0.1

0.1

22.34

9

2839

23700

20200

4

DL

11

DL

BRG-50013

0.0

0.7

0.7

1.35

5

733

3035

14032

DL

DL

DL

DL

including

0.0

0.1

0.1

4.06

8

1378

2492

7627

DL

DL

11

DL

BRG-50015

0.0

1.0

1.0

6.19

9

9647

6273

11447

2

13

13

DL

including

0.0

0.1

0.1

75.87

61

113000

37400

116000

7

137

104

DL

BRG-50017

0.0

0.7

0.7

20.76

15

5373

5716

16753

3

7

12

DL

including

0.6

0.7

0.1

123.56

50

28000

13500

79600

6

31

48

DL

BRG-50019

0.0

0.7

0.7

11.53

15

2402

3644

7108

2

5

10

DL

including

0.0

0.1

0.1

11.80

20

3584

5876

13700

2

8

17

DL

including

0.1

0.6

0.5

2.44

10

1184

3294

2263

2

3

5

DL

including

0.6

0.7

0.1

26.82

50

7747

3800

9899

3

13

16

DL

BRG-50023

0.0

1.0

1.0

0.84

DL

787

1351

6672

1

3

7

DL

BRG-50025

0.0

1.0

1.0

8.45

16

3884

13791

2860

3

11

14

DL

including

0.0

0.4

0.4

18.54

20

7847

28386

4357

7

23

25

DL

BRG-50030

0.0

0.7

0.7

4.50

5

1817

3433

3324

2

4

9

DL

including

0.0

0.1

0.1

35.76

9

6901

9105

9841

10

18

38

DL

BRG-50032

0.0

1.0

1.0

10.75

7

858

6497

6058

1

5

15

DL

including

0.0

0.1

0.1

64.70

23

4832

15700

33900

5

27

107

DL

BRG-50034

0.0

0.6

0.6

16.36

23

1355

17532

6639

1

8

19

DL

including

0.0

0.1

0.1

94.55

56

5409

19900

32200

6

15

36

DL

BRG-121863

8.0

10.0

2.0

0.85

DL

23

159

36

DL

DL

DL

DL

BRG-121880

0.0

39.0

39.0

0.20

DL

242

3321

5631

DL

DL

DL

DL

including

1.0

2.0

1.0

0.49

DL

193

514

1168

DL

DL

DL

DL

including

7.0

9.0

2.0

2.09

3

318

934

1709

DL

DL

DL

DL

including

11.0

12.0

1.0

0.02

DL

1034

8570

20000

DL

DL

DL

DL

including

24.0

26.0

2.0

0.89

DL

222

5817

4877

DL

DL

DL

DL

BRG-121920

4.0

22.0

18.0

0.57

DL

27

1416

2105

DL

DL

DL

DL

including

10.0

11.0

1.0

2.78

DL

16

668

893

DL

DL

DL

DL

including

21.0

22.0

1.0

2.52

DL

152

3348

5146

DL

DL

DL

DL

BRG-121950

18.0

43.0

25.0

0.53

DL

130

3364

5737

DL

DL

7

DL

including

26.0

28.0

2.0

1.21

DL

62

2182

6316

DL

DL

8

DL

including

41.0

43.0

2.0

3.05

8

889

6035

8093

DL

DL

13

DL

BRG-117281

6.8

7.0

0.2

3.57

14

1721

1749

43900

DL

10

42

DL

BRG-117281

9.0

10.0

1.0

0.58

DL

151

5232

12400

DL

DL

DL

DL

BRG-117294

16.0

30.0

14.0

0.90

DL

226

3246

3499

DL

DL

DL

DL

including

23.0

25.0

2.0

2.79

DL

964

4463

7358

DL

DL

DL

DL

including

19.0

20.0

1.0

3.12

DL

31

4029

1094

DL

DL

11

DL

including

28.0

30.0

2.0

1.25

DL

60

1665

1760

DL

DL

DL

DL

BRG-117328

7.0

15.0

8.0

1.29

DL

27

4242

6812

DL

DL

DL

DL

including

8.0

9.0

1.0

3.17

DL

78

3943

7355

DL

DL

DL

DL

including

10.0

11.0

1.0

3.08

3

2

3968

6401

DL

DL

DL

DL

including

13.0

14.0

1.0

2.64

DL

8

3231

4470

DL

DL

DL

DL

BRG-117344

0.5

1.5

1.0

1.21

DL

23

6312

12200

DL

DL

DL

DL

BRG-117344

19.5

29.5

10.0

0.70

DL

42

4269

10117

DL

DL

DL

DL

including

19.5

20.5

1.0

2.19

DL

3

3736

6106

DL

DL

DL

DL

including

28.5

29.5

1.0

1.97

4

227

6761

33400

DL

DL

DL

DL

BRG-50042

0.0

0.7

0.7

4.06

DL

40

4161

3964

DL

DL

DL

DL

BRG-50048

0.0

1.0

1.0

1.27

3

1147

4890

30500

DL

DL

DL

DL

BRG-27358

0.0

3.5

3.5

1.80

13

81

1016

1757

DL

DL

DL

DL

BRG-27362

0.0

0.7

0.7

19.13

11

134

1820

2680

2

DL

DL

DL

BRG-25202

0.0

0.8

0.8

7.17

10

333

4930

3910

DL

DL

31

DL

BRG-25203

2.0

3.0

1.0

20.14

36

1420

7390

25100

6

DL

20

DL

BRG-25204

0.0

0.3

0.3

16.69

37

167

6390

849

17

DL

98

DL

BRG-29936

0.0

0.3

0.3

4.28

9

1541

6796

29800

2

DL

25

DL

BRG-29938

0.0

2.0

2.0

1.50

6

1250

5132

4811

1

DL

28

DL

including

0.0

0.5

0.5

4.17

9

685

6806

4699

1

DL

38

DL

including

1.9

2.0

0.1

11.30

13

26800

4138

17400

8

DL

35

DL

BRG-29941

0.0

0.4

0.4

9.18

8

2561

16000

6644

3

DL

72

DL

BRG-29942

0.0

1.1

1.1

3.26

10

1964

11455

19473

2

DL

20

DL

including

0.3

1.1

0.8

4.26

8

2186

11400

20100

2

DL

18

DL

BRG-29944

0.0

1.1

1.1

7.19

8

921

2825

14600

DL

DL

13

DL

including

0.0

0.3

0.3

25.77

16

2040

3629

36500

DL

DL

20

DL

BRG-29948

0.0

0.4

0.4

6.80

40

17

216

60

DL

DL

DL

DL

BRG-27033

0.0

1.0

1.0

1.26

12

84

2163

703

9

DL

13

DL

BRG-29950

0.0

1.0

1.0

1.26

1

36.6

168

1386

DL

DL

DL

DL

BRG-29951

0.0

0.3

0.3

5.61

10

75.6

904

11100

DL

DL

DL

DL

BRG-29957

0.0

1.7

1.7

6.63

11

30

493

3642

DL

DL

DL

DL

including

0.7

1.7

1.0

9.95

16

34

705

5361

DL

DL

DL

DL

BRG-29959

0.0

0.6

0.6

2.75

17

94.9

279

305

DL

DL

DL

DL

BRG-29960

0.0

0.2

0.2

16.67

26

157

423

3392

3

DL

11

DL

BRG-29961

0.0

0.4

0.4

2.53

21

2790

4739

21300

4

8

DL

DL

BRG-29962

0.0

0.7

0.7

2.3

19

137

470

751

DL

DL

DL

DL

BRG-50601

48.0

65.0

17.0

0.39

7

889

765

2879

1

DL

6

DL

including

52.5

53.0

0.5

2.32

27

2944

2868

4939

4

DL

11

DL

including

63.0

64.0

1.0

4.36

6

856

1483

4703

2

DL

14

DL

BRG-50176

2.0

12.0

10.0

0.52

DL

93

1059

1888

DL

DL

DL

DL

including

6.0

7.0

1.0

2.37

DL

283

2449

2496

DL

DL

DL

DL

BRG-50820

0.0

3.0

3.0

0.03

11

547

355

274

13

54

29

29

BRG-50823

0.0

5.0

5.0

0.02

60

1134

2082

154

4

109

14

DL

including

4.0

5.0

1.0

0.02

257

2142

4459

315

2

278

27

DL

BRG-50651

8.0

15.0

7.0

0.01

9

135

250

57

22

848

155

16

BRG-50651

35.0

51.0

16.0

0.01

3

525

68

293

2

DL

DL

DL

BRG-50651

51.0

81.0

30.0

0.01

9

3455

52

245

7

5

7

DL

BRG-50735

18.0

72.0

54.0

DL

5

1119

35

141

35

7

8

7

BRG-50735

104.0

113.0

9.0

0.22

39

254

840

525

30

342

21

25

including

110.0

111.0

1.0

1.43

135

623

3182

538

36

1694

41

74

BRG-29966

0.0

1.0

1.0

0.20

3

126

212

231

6

DL

18

27

BRG-29967

0.0

2.0

2.0

0.01

3

2137

22

136

2

DL

DL

DL

BRG-50460

0.0

5.0

5.0

0.01

1

285

95

330

46

DL

678

25

including

2.0

3.0

1.0

0.01

1

176

122

129

61

DL

2460

55

BRG-50466

0.0

3.0

3.0

0.04

9

327

260

573

24

85

14

14

BRG-50469

0.0

11.0

11.0

0.01

3

599

18

97

25

DL

20

6

including

1.0

2.0

1.0

0.06

16

3240

18

105

90

DL

DL

DL

National Instrument 43-101 Disclosure

The technical information in this press release has been reviewed by Michelle Robinson, MASc., P.Eng., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Drilling was completed using PQ and HQ tooling. Core and sample handling procedures are documented in the Company's press release dated October 22, 2020. Standard pulps, field duplicates, pulp duplicates and blanks are inserted into the sample stream. The samples were analyzed by SGS Laboratories in Durango using fire-assay methods for gold, and ICP methods with a 4-acid digestion for silver and base metals. SGS is an accredited laboratory. It is the Qualified Person's opinion that the technical information disclosed in this press release is reliable.

Please visit our website to learn more about Brigadier Gold.

About Brigadier Gold Limited

Brigadier was formed to leverage the next major bull market in the natural resource sector, particularly precious metals. Our mandate is to acquire undervalued and overlooked projects with demonstrable potential for advancement.

Led by a management team with decades of experience in mineral exploration and capital markets development, we are focused on advanced exploration opportunities in politically stable jurisdictions.

For further information, please contact:
Brigadier Gold Limited
www.brigadiergold.ca
Robert Birmingham, Chief Executive Officer
rob@brigadiergold.ca

Reader Advisory

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Brigadier Gold Limited



View source version on accesswire.com:
https://www.accesswire.com/662898/Brigadier-Expands-Precious-Metal-Rich-Copper-Discovery-at-Picachos

Today’s News

Avrupa Reports New Drill Results and Extends Massive Sulfide Mineralization at Sesmarias North, Alvalade Project, Portugal

 

 

Highlights include:

– SES21-040:  36.45 meters @ 0.72% Copper, 0.36 g/t Gold, 21 g/t Silver, and 0.82% Lead, including:

 

– 11.0…

Share this article:



 

 

Highlights include:

  • - SES21-040:  36.45 meters @ 0.72% Copper, 0.36 g/t Gold, 21 g/t Silver, and 0.82% Lead, including:

 
    • - 11.0 meters @ 1.05% Copper, 0.51 g/t Gold, 39.2 g/t Silver, and 1.64% Lead.

 
  • - SES21-039:  39.2 meters @ 0.44% Copper, 0.71 g/t Gold, 27.1 g/t Silver, 2.07% Zinc, and 0.79% Lead, including overlapping mineralized zones:

 
    • - 17.25 meters @ 1.01 g/t Gold

      - 16.7 meters @ 34.6 g/t Silver

      - 16.7 meters @ 0.58% Copper

      - 9.7 meters @ 1.23% Lead

      - 8.0 meters @ 2.96% Zinc and 7.7 meters @ 3.5% Zinc.

 
  • - SES21-039:  A second significant massive sulfide intercept lower in this hole:  14.8 meters @ 0.45% Copper, 0.29 g/t Gold, and 28.7 g/t Silver.

 

Further highlights include:

 
  • - SES21-039 and SES21-040 extend massive sulfide mineralization for 350 meters to the southeast from the previously-reported SES21-033/036 section;

 
  • - Grades improving to the southeast;

 
  • - 11 drill holes, 5,862 meters completed to date on five sections at SES North and one section in the SES Central sector;

 
  • - Results from 10 holes now reported; results from one hole pending

 
  • - Drilling is underway on a 12th hole at Sesmarias.

 

TheNewswire - September 21, 2021 - Avrupa Minerals Ltd. (TSXV:AVU) (OTC:  AVPMF) (FSE:8AM) is pleased to report that drilling continues to expand and upgrade polymetallic, massive sulfide mineralization at the Sesmarias Copper-Zinc Prospect within the Alvalade Project (Alentejo, Portugal).  The program is a joint venture between Avrupa Minerals and Minas de Aguas Teñidas, S.A. (MATSA) and is operated by Avrupa through the JV entity PorMining Lda.  To date, the Company has completed 11 diamond drill holes on six different fences, totaling 5,862 meters, and is drilling a 12th hole testing potential massive sulfide mineralization on Section 0350S.

 

Paul W. Kuhn, President and CEO of Avrupa Minerals, commented, “With continued drilling in the SES North sector, we have now intersected significant massive sulfide mineralization over 350 meters in strike length to the southeast from previously-reported intersections in SES21-033 and 036.  The SES21-039 intercept is the longest, to date, in the joint venture, and shows improving copper, zinc, and gold grades, as we move south along the strike of massive sulfide mineralization originally discovered in SES008.  The SES21-040 intercept contains the best copper results, to date, with 11 meters of 1.05% copper within a longer interval of polymetallic mineralization.  As we move south towards the SES Central (Discovery) sector, we look forward to the potential of continued improvement of grades.”

  

SES North Results and Sections  

 

To date, the Company completed ten drill holes in the SES North sector during this phase of drilling (SES20-031 through SES21-040), and one further hole in the SES Central sector (SES21-041), totaling 5,862 meters.  The Company reports results for SES21-037 through 040 in this release.

 

Drilling at SES21-042 is now underway on the 350 S section to test for possible mineralization above SES21-040.  Following the completion of SES21-042, the Company plans to drill further on the 350 S section to test for potential downdip massive sulfide mineralization below the SES21-040 intercept.  That hole will be collared approximately 40 meters northeast of the SES21-040 location.

 

Through all phases of drilling and exploration at Sesmarias, the Company has drilled copper-zinc massive sulfide mineralization in various lenses over a strike length of 1.7 kilometers.  Through interpretation of various programs of geophysical work and re-logging of historical drilling in the district, including holes with massive sulfide mineralization present, the strike length for possible massive sulfide mineralization may easily be extended to the north for a further 800-1000 meters.  All indications suggest that potential for further mineralization to the south is open, as well.  For now, the Company will continue to work on extending and upgrading the mineralization at SES North towards the SES Central sector, as well as defining massive sulfide occurrence in the Central sector.

 

Through detailed logging of the new core from this phase of drilling, as well as detailed re-logging of all the Sesmarias area historic core, we have established that the Sesmarias massive sulfide system is heavily folded and strongly modified by several phases of post-mineralization faulting.   However, through all this structural modification, the Company continues to intersect the target mineral horizon in all of the Sesmarias drilling.  The identification and separation of the different lenses of massive sulfide mineralization is strictly related to the location of mineralization on a specific limb of successive and adjacent folds (see sections below).  This supports the previous identification of the 2 Lens, the 8 Lens, the 10 Lens, and others at Sesmarias, as they are situated on different fold limbs and will project to the surface as separate lenses.  This geometry explains the historic situation of the numerous massive sulfide lenses that make up the Lousal deposit, just seven kilometers north of Sesmarias.  We expect a similar targeting story for Monte da Bela Vista, a further 2 kilometers beyond Lousal, as the complicated geology in all three target areas appears to be similar, if not directly related.

 


Click Image To View Full Size

 

Figure 1.  Plan view of Sesmarias North drilling, with drillhole locations and cross section lines.

 

Figure 1a.  Surface expression of the 8 Lens Target Zone (red dashed lines) and projected surface expression of mineralization in the SES North sector.  Drilling is underway on the Section 350 S, where we have discovered a new lens (in purple) for the northern sector with significantly higher copper grade than previous holes in the northern sector.

  

Following is a summary of new results for SES North mineralization from Section 000 to Section 350 S.  Results are reported in order of drilling.

 

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (g/t)

Ag (g/t)

3.9

476.85

480.75

0.28

1.70

0.77

0.48

24.4

Table 1.  SES21-037 intercept information.  Section 000.  Possible bottom of lens on this section.

  

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (g/t)

Ag (g/t)

6.0

356.85

362.85

0.72

       

Incl.

5.0

356.85

361.85

0.64

1.57

0.98

0.6

33.1

And

 

6.25

372.9

379.15

     

0.6

 

2.8

376.35

379.15

0.75

       

Table 2.  SES21-038 intercept information.  Section 070 S.  Overall zone of mineralization defined by mixed stockwork and semi- to massive sulfide material.

 

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (g/t)

Ag (g/t)

39.2

348.0

387.2

0.44

2.07

0.79

0.71

27.1

Gold-Zinc zone

17.25

351.0

368.25

     

1.01

 

Incl.

6.0

351.0

357.0

     

1.58

 

8.0

357.0

365.0

 

2.96

     

Incl.

2.0

363.0

365.0

 

4.7

     

Polymetallic zone

16.7

370.5

387.2

0.53

   

0.51

34.6

Incl.

16.2

363.0

379.2

 

2.85

     

13.7

370.5

384.2

   

1.09

   

Incl.

7.7

370.5

378.2

 

3.5

     

9.7

370.5

380.2

   

1.23

   

8.0

379.2

387.2

0.58

       

Table 3a.  SES21-039 upper intercept information.  Section 120 S.  Longest intercept, to date, in this phase of drilling.  Contains overlapping zones of Au-Zn and polymetallic mineralization.

  

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (g/t)

Ag (g/t)

14.8

419.0

433.8

0.45

 

0.59

0.29

28.7

Incl.

2.8

431.0

433.8

0.7

       

2.0

423.0

425.0

   

1.42

   

1.0

430.0

431.0

   

1.24

   

Table 3b.  SES21-039 lower intercept information.  Section 120 S.

  

Meters

From

To

Cu (%)

Zn (%)

Pb (%)

Au (g/t)

Ag (g/t)

36.45

479.4

515.85

0.72

 

0.82

0.36

21.0

Incl.

Best overall zone

4.0

485.4

489.4

1.32

 

3.86

0.67

71.4

And

Best copper zone

11.0

483.4

494.4

1.05

 

1.64

0.51

39.2

And

 

2.0

509.4

511.4

1.38

 

1.82

   

And

Additional zinc zone outside of main zone

8.05

510.4

518.45

 

0.72

     
 

Table 4.  SES21-040 intercept information.  Section 350 S.  Long intercept contains best copper results, to date, in this phase of drilling.  Copper grades appear to increase towards the south.

       

Following are the summary cross sections for 8 Lens mineralization in the Sesmarias North sector.  Further information will be posted on the Avrupa Minerals website.

 


Click Image To View Full Size

 

Figure 2.  Section 000:  Simplified geological section, showing massive sulfides and stockwork zone in SES008, SES21-033, SES21-036, and SES21-037.   While the section shows the apparent bottom of the 8 Lens, further work to potentially open up the mineral horizon below SES21-037 and expand downdip will be contemplated in the future.  However, at this time, new drilling will be concentrated towards the south where copper and zinc grades appear to be rising and the size of the lens appears to be increasing.


Click Image To View Full Size

 

Figure 3.  Section 070 S:  Simplified geological section showing location of massive sulfides in SES21-038, as well as SES20-031 crossing the top of the Lens 8 pod.  Targeting for further mineralization on this section clearly lies downdip from the SES21-038.

   


Click Image To View Full Size

 

Figure 4.  Section 120 S:  Simplified geological section showing two intercepts of massive sulfide mineralization in SES21-039.  Intercepts appear to lie in separate limbs of ancillary folding on the northeast limb of the main syncline identified in the SES North sector drilling during this phase of the program.  Results, combined with those of SES21-038 (above) and SES21-040 (below) suggest potential vectoring to the southeast at SES North towards higher grade copper and zinc mineralization.

   


Click Image To View Full Size

 

Figure 5.  Section 350 S:  Simplified geological section, showing massive sulfides and stockwork zone in SES009 and SES21-040, along with ongoing drilling at SES21-042, represented by a dashed line.  The Company plans to aim for a depth of approximately 600 meters for 042.  The hole intercepted strong mineralization on the southwest limb of the main syncline for the first time in the northern sector at Sesmarias.

 

The continuing work program is fully funded by Minas de Aguas Teñidas, S.A. (“MATSA”).  MATSA can initially earn a 51% interest in the Alvalade Experimental Exploitation License property by completing funding requirements set out in the joint venture agreement between the companies. MATSA may then increase their interest in the Project to 85% by preparing a bankable feasibility study.  Avrupa previously described the details of the agreement in news releases dated October 1, 2019 and November 20, 2019.

 

Minas de Aguas Teñidas, S.A. (MATSA) is a private Spanish mining company, which owns and operates three mines in the province of Huelva (Andalusia, Spain):  Aguas Teñidas, Magdalena, and Sotiel.  MATSA also holds 1,312 km2 of exploration permits in the south of Spain and 1,106 km2 in Portugal. Focused on innovation and the most advanced technology to develop modern and sustainable mines, MATSA is a 50:50 joint venture company of Mubadala Investment Company, a sovereign investor managing a global portfolio aimed at generating sustainable returns for its shareholder, the Government of Abu Dhabi, and Trafigura, one of the world’s leading commodity trading houses.

 

Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model.  The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, now optioned to MATSA in an earn-in joint venture agreement.  Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal and Kosovo.  The Company continues to seek and develop other opportunities around Europe.

 

For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com.

   

On behalf of the Board,

 

“Paul W. Kuhn”

                               

Paul W. Kuhn, President & Director

  

This news release was prepared by Company management, who take full responsibility for its content.  Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.  He has reviewed the technical disclosure in this release.  Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.

 

Information about the Lousal Mine comes directly from published academic documents prepared by the geological survey of Portugal (LNEG), theses from the University of Lisbon, private company documents authored by mine geologists employed at one time by the Lousal Mine, and copies of original mine records.  The information is considered accurate, but NOT compliant to present-day NI 43-101 regulations and standards.

 

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.

Copyright (c) 2021 TheNewswire - All rights reserved.

Continue Reading

Today’s News

Multiple Hard Rock Gold Workings Discovered on Egyptian Licences

 

21 September 2021 – TheNewswire – Altus Strategies Plc (AIM:ALS), (TSXV:ALTS), (OTC:ALTUF) announces the discovery of numerous hard rock artisanal…

Share this article:



 

21 September 2021 – TheNewswire - Altus Strategies Plc (AIM:ALS), (TSXV:ALTS), (OTC:ALTUF) announces the discovery of numerous hard rock artisanal gold workings from field reconnaissance at the Company’s Gabal om Ourada (346 km2) and Wadi Dubur (175 km2) projects (“Projects”), located in the Eastern Desert of Egypt. The Company’s 100% owned subsidiary, Akh Gold Ltd (“Akh Gold”), holds gold exploration licences totalling 1,565 km2 (“Licences”) in Egypt. The Licences were granted this year as part of a competitive international bid round undertaken by the Egyptian Mineral Resources Authority (”EMRA”).

 

Highlights:

  • - 37 hard rock artisanal gold workings discovered across two Projects in Egypt

    - Longest working mapped for over 370 m, with five others mapped for over 100 m

    - Less than 50% of Company’s Licences have been visited to date

    - The discoveries validate the Company’s target generation process

    - A full technical and operational team has been established in Cairo

    - Comprehensive exploration programmes are anticipated to commence in Q4 2021

 

Steven Poulton, Chief Executive of Altus, commented:

“We are pleased to report that our Egyptian field team has discovered numerous hard rock artisanal gold workings from initial reconnaissance at the first two of our four Projects in the Eastern Desert of Egypt.

 

“Reconnaissance has focused on areas identified by our in-house target generation techniques that integrate remote sensing and historical data. The field programmes have validated the power of this approach and underscored the prospectivity of the Licences. At least 37 hard rock workings have been discovered to date, the largest of which has been mapped for over 370 m in length. Many of the gold workings have undergone extensive mechanised activity, indicating the potential for significant mineralisation. Further reconnaissance will commence shortly across the two remaining Projects, which cover the majority of the 1,550 km2 area held by Altus in Egypt.

 

“We have rapidly established a high calibre technical and operational team in Egypt, allowing us to aggressively advance our field programmes. I look forward to updating shareholders on the results of this work in due course.”

 

Hard Rock Workings: Gabal Om Ourada Licence (346 km2)

  • - Four of 12 high priority targets as defined by desktop studies have been visited

    - Numerous historical artisanal hard rock workings discovered

    - Workings traced for up to 375 m, in sheeted systems within breccia or fault zones

    - Quartz-vein style gold mineralisation (orogenic gold) both fault and intrusion hosted

    - Hydrothermal alteration (silica, carbonate, iron oxide and clay) and visible sulphide mineralisation observed

    - Priority targets for follow-up work delineated with numerous other targets to be assessed

 

Hard Rock Workings: Wadi Dubur Licence (175 km2)

  • - Four of 10 high priority targets as defined by desktop studies have been visited

    - Numerous historical artisanal hard rock workings (mechanised and smaller scale)

    - Workings traced for up to 250 m, in sheeted systems within mafic-ultramafic hosts

    - Quartz-vein style gold mineralisation (orogenic gold) both fault and intrusion hosted

    - Hydrothermal alteration with silica and/or carbonate alteration and sulphide (pyrite, galena) mineralisation observed

    - Visible gold identified in hand samples

    - Priority targets for follow-up work delineated with numerous other targets to be assessed

 

Next Phase of Reconnaissance

Field reconnaissance will commence shortly at the Wadi Jundi (696 km2) and Gabal Al-Shalul (348 km2) Projects which together cover 1,044 km2 in the Eastern Desert. On completion of the reconnaissance programmes, detailed exploration, including geological mapping and sampling, is anticipated to commence in Q4 2021, once the necessary field permits are in place.

 

Licences: Background (1,565 km2)

The Licences were awarded to Akh Gold, as part of Egypt’s inaugural and competitive international exploration licence bid round initiated by EMRA in 2020. All four projects, which comprise nine licence blocks, covering 1,565 km2, are situated in eastern Egypt, between 30 km and 100 km of the Red Sea coast. The Licences have been awarded for an initial two-year term, with each Licence renewable for up to two further periods, each of two years duration.

 

Illustrations

The following figures have been prepared by Altus and relate to the disclosures in this announcement and are visible in the version of this announcement on the Company's website (www.altus-strategies.com) or in PDF format by following this link: https://altus-strategies.com/site/assets/files/5361/altus_nr_-_egypt-_21_sept_2021.pdf

 
  • - Location of the Licences in the Eastern Desert of Egypt is shown in Figure 1

    - Location of key deposits within the Arabian Nubian Shield is shown in Figure 2

    - Location of priority targets within Gabal Om Ourada (346 km2) is shown in Figure 3

    - A selection of photos of gold workings at Gabal Om Ourada is shown in Figure 4

    - Location of priority targets within Wadi Dubur (175 km2) is shown in Figure 5

    - A selection of photos of gold workings at Wadi Dubur is shown in Figure 6

  

Figure 1: Location of the Licences in the Eastern Desert of Egypt


Click Image To View Full Size

 

Figure 2: Location of key deposits within the Arabian Nubian Shield


Click Image To View Full Size

 

Figure 3: Location of priority targets within Gabal Om Ourada (346 km2)


Click Image To View Full Size

                   

Figure 4: A selection of photos of gold workings at Gabal Om Ouradat

 

 

 

Figure 5: Location of priority targets within Wadi Dubur (175 km2)

 


Click Image To View Full Size

 

 Figure 6: A selection of photos from gold workings at Wadi Dubur

               

 

Click Image To View Full Size

 

Project Overview: Wadi Jundi (696 km2)

The Wadi Jundi project consists of four licence blocks, covering a total area of 696 km2. The project area hosts a 10 km long north-west trending ophiolite belt comprising a basal serpentinite melange overlain by calc-alkaline basic to acidic volcanics, capped by volcaniclastics, and sediments (schists). The sequence is interpreted to represent a preserved seafloor sequence and is considered highly prospective for volcanogenic massive sulphide (“VMS”) mineralisation. The entire sequence is intruded by syn- to late- tectonic mafic intrusives and late- to post- tectonic granodiorite, granite and monzogranite intrusions and is located just south of the major north-west trending regional crustal scale >1,100 km Najd Fault corridor. Altus believes Wadi Jundi is prospective for orogenic gold mineralisation related to deformed volcanic sequences proximal to granite intrusions, as well as VMS deposits.

 

The project is located approximately 40 km south of the historic El Sid gold mine, which reportedly contributed around 45% of Egypt's gold production during the 20th century, and is 115 km north-west of the Sukari gold mine, which produces approximately 400,000 ounces of gold per year. Mineralisation hosted at El Sid and Sukari is not necessarily indicative of mineralisation hosted at the Wadi Jundi project. Wadi Jundi is directly accessible by secondary tracks from the Al Kosair-Qena asphalt highway, which runs along the Licence's northern boundary and connects the city of Luxor and coastal town of Quseer.

 

Project Overview: Gabal Al-Shaluhl (formerly Bakriyah) (348 km2)

The Gabal Al-Shaluhl project consists of two licence blocks, covering a total area of 348 km2. The project area is dominated sedimentary formations and a 13 km long northwest striking ophiolitic serpentinite melange, intruded by syn- to late- tectonic gabbro intrusives and major late- to post-tectonic granodiorite and granite intrusions. The geology is structurally complex, located near the boundary between two separate structural blocks with a large number of intersections between regional-trending faults and fold hinges, interpreted as favourable sites for orogenic gold style mineral occurrences. Altus believes Gabal Al-Shaluhl is prospective for orogenic gold mineralisation related to granite intrusions.

 

The project is located approximately 60 km south of the historic El Sid gold mine, and 115 km north-west of the Sukari gold mine. Mineralisation hosted at El Sid and Sukari is not necessarily indicative of mineralisation hosted at the Gabal Al-Shaluhl project. Gabal Al-Shaluhl is accessible by secondary tracks from a major E-W asphalt road 30 km to the south, which connects to the Red Sea coastal town of Marsa Alam.

 

Project Overview: Gabal Om Ourada (formerly Abu Diwan) (346 km2)

The Gabal Om Ourada project consists of two licence blocks, covering a total area of 346 km2. The project area hosts a north-west trending belt of serpentinised ophiolite and associated tectonic melange, schists, andesite and porhyryitic subvolcanic rocks, intruded by multiple syn- to late-tectonic granodiorite and late- to post-tectonic granite intrusions. Basement gneisses and mylonitic schists of the Meatiq Dome, a metamorphic core complex, outcrop in the south-west of the area and are separated from the younger rocks by a series of deep-seated north-west trending sinistral shear zones and north-east trending thrusts that are part of the crustal scale (>1,100 km long) Najd Fault Corridor. Altus believes Gabal Om Ourada is prospective for orogenic gold mineralisation hosted in an ophiolite belt proximal to a granite intrusion.

 

The project is located approximately 30 km north-east of the historic El Sid gold mine, and 160 km north-west of the Sukari gold mine. Mineralisation hosted at El Sid and Sukari is not necessarily indicative of mineralisation hosted at the Gabal Om Ourada. Gabal Om Ourada is directly accessible by asphalt road from the Red Sea coastal city of El Quseir, located 30 km to the south-east.

 

Project Overview: Wadi Dubur (175 km2)

The Wadi Dubur project consists of one licence block, covering a total area of 175 km2. The project area contains a north-west to west trending curvilinear fault belt comprised of regionally mapped thrust faults and strike-slip flexures. The (standalone) project block consists of an ophiolite melange, minor schists, syn- to late- tectonic gabbro and diorite intrusives on the flank of a major 25 km x 28 km syn- to late-tectonic granitic body. Altus believes Wadi Dubur is prospective for orogenic gold mineralisation hosted in a north-west trending ophiolite belt.

 

The project is located 5 km west of the historic Atud gold mine and approximately 40 km north-west of the Sukari gold mine (operated by LSE and TSX listed Centamin Plc). Mineralisation hosted at Atud and Sukari is not necessarily indicative of mineralisation hosted at the Wadi Dubar project. Wadi Dubur is directly accessible by asphalt road from the Red Sea coastal town of Marsa Alam, 60 km to the east.

 

Qualified Person

The technical disclosure in this regulatory announcement has been approved by Steven Poulton, Chief Executive of Altus. A graduate of the University of Southampton in Geology (Hons), he also holds a Master's degree from the Camborne School of Mines (Exeter University) in Mining Geology. He is a Fellow of the Institute of Materials, Minerals and Mining and has over 20 years of experience in mineral exploration and is a Qualified Person under the AIM rules and NI 43-101.

 

For further information you are invited to visit the Company’s website www.altus-strategies.com or contact:

 

Altus Strategies Plc

Steven Poulton, Chief Executive

Tel: +44 (0) 1235 511 767

E-mail: info@altus-strategies.com

SP Angel (Nominated Adviser)

Richard Morrison / Adam Cowl

 

Tel: +44 (0) 20 3470 0470

SP Angel (Broker)

Grant Barker / Richard Parlons

 

Tel: +44 (0) 20 3470 0471

Shard Capital (Broker)

Isabella Pierre / Damon Heath

 

Tel: +44 (0) 20 7186 9927

Yellow Jersey PR (Financial PR & IR)

Charles Goodwin / Henry Wilkinson

Tel: +44 (0) 20 3004 9512

E-mail: altus@yellowjerseypr.com

 

About Altus Strategies Plc

Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a mining royalty company generating a diversified and precious metal focused portfolio of assets. The Company’s differentiated approach of generating royalties on its own discoveries in Africa and acquiring royalties globally through financings and acquisitions with third parties, has attracted key institutional investor backing. The Company engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates. For further information, please visit www.altus-strategies.com.

 

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute "forward-looking statements". These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement.

 

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law or regulations.

 

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organisation of Canada accepts responsibility for the adequacy or accuracy of this release.

 

Market Abuse Regulation Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

Glossary of Terms

The following is a glossary of technical terms:

“ANS” means Arabian-Nubian shield

“EMRA” means the Egyptian Mineral Resources Authority

“km” means kilometres

“m” means metres

“NI 43-01” means National Instrument 43-101 Standards of Disclosure of Mineral Projects of the Canadian Securities Administrators”

“Qualified Person” means a person that has the education, skills and professional credentials to act as a qualified person under NI 43-101

“VMS” means Volcanogenic Massive Sulphide

 

**END**

Copyright (c) 2021 TheNewswire - All rights reserved.

Continue Reading

Today’s News

Pershimex Confirms the Presence of Gold Mineralization in the Surface Crown Pillar of the Former Pershing-Manitou Gold Mine

VAL-D’OR, Québec, Sept. 21, 2021 (GLOBE NEWSWIRE) — Pershimex Resources Corporation ("Pershimex" or the "Company") (TSX VENTURE: PRO) is pleased…

Share this article:

VAL-D’OR, Québec, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Pershimex Resources Corporation ("Pershimex" or the "Company") (TSX VENTURE: PRO) is pleased to announce its most recent results of the additional channel sampling work carried out on the surface crown pillar of the former Pershing-Manitou gold mine as part of the resource estimation work in accordance with National Instrument 43-101 undertaken in early 2021 by Solution 3DGéo Inc. (“3DGS”).

The mineralized system which was exposed by stripping in early summer 2021 and visible gold can be observed in more than thirty locations on the outcrop. A total of three channels (A1-A2-A3) were positioned directly in the heart of the orebody in the vertical projection of the interpreted mineralized zones in order to validate the continuity up to the surface of the high-grade mineralization intercepted by drilling at a depth of approximately 15 m.

The longest and most easterly channel is the A3 (see figure). This is located near the PM-20-04 drill hole and returned 11.7 g/t Au over 6.5 meters including 3 ounces of gold/ton (93.4 g/t Au) over 0.5 meter. The A2 channel, which is centrally located, returned 11.6 g/t gold over 4.0 meters including 1.86 ounces of gold/ton (58 g/t Au) over 0.5 meter. The A1 channel, which is the most westerly and closest to the old mine shaft, returned 6.2 g/t of gold over 5.5 meters including 27 g/t Au over 0.5 meter.

Results table

Channel NumberGrade
(g/t Au)
Length
(m)
Metal Factor
(g/t Au *m)
A16.25.534.1
Including270.5 
A211.6446.4
Including580.5 
A311.76.576.1
Including93.40.5 

These channel samples were necessary for the resource estimation work currently underway. Although the interpretation of mineralized zones already considers the geology of the outcrop and the geometry of the mineralized zones, the quantitative validation of high grades interpolated at the surface, based on drilling data, minimizes the uncertainties and risks inherent in the method used to estimate the resource.

This will therefore make it possible to specify, with a much greater level of confidence, the position of a volume of mineralized rocks of 5,000 tons representative of the high-grade mineralized zones interpreted by 3DGS. The definition of such a volume will allow us to apply for a bulk sampling permit from the Ministère des Ressources Naturelles du Québec. The restoration plan was already submitted last June and the Company is currently in the process of drafting answers to the questions requested by the ministry. The bulk sampling of 5,000 tons will mainly allow us to know the real gold content, to confirm the methods of analysis and to generate a possible income with the sale of the ounces of gold that will be produced. The results of the full resource estimate including the surface pillar of the former Pershing-Manitou mine will be available and made public in the coming weeks.

Robert Gagnon, President and Chief Executive Officer of the Company, said: "This channel sampling campaign on the surface crown pillar of the former Pershing-Manitou gold mine will allow us to model a block of 5,000-tons of mineralized material with an optimal gold content. As soon as the resource estimation work is completed and made public, we will initiate the bulk sampling permit application process with the Ministère des Ressources Naturelles du Québec in order of being one of the first junior exploration companies in Quebec to take advantage of the new amendment to section 69 of the Mining Act, which since March 2021, authorizes exploration companies to carry out bulk sampling not exceeding 5,000 tons."

This press release was prepared by Robert Gagnon, Professional Geologist, and President of Pershimex, a qualified person under National Instrument 43-101. The channel samples measuring all 0.5 meter in length were shipped and analyzed by the ALS CHEMEX laboratory in Val-d'Or, using the pyroanalysis method. Gravimetric recoveries for contents greater than 10 grams were necessary.

For more information, please contact:

Robert Gagnon, President        
Tél.: (819) 825-2303

Warning

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 the information contained in this press release.

Facts stated in this press release that are not historical facts are "forward-looking statements" and readers are cautioned that such statements are not guarantees of success and that future developments and results may differ from those projected in such forward-looking statements. 

A map accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c0ca081-d40a-46dd-9243-86b704a57e9f


Continue Reading

Trending