79North Inc. to reported that it has commenced Phase 2 drilling for up to 2,000 metres of diamond drilling at the high grade Witlage target of the Nassau gold project, Suriname. Since the completion of drilling in 2021 the commencement of this phase of drilling has been delayed recently by six weeks because of transportation delays at the ferry crossing between Guyana and Suriname. Witlage Target: In 2021, drilling intersections were obtained in altered and sheared volcanic rocks, fine-grained felsic intrusive rocks, and fine-grained mafic dikes crosscut by quartz veins with associated pyrite.

Gold values range up to 383.20 grams gold per tonne over 1.5 metres in highly oxidized saprolite and up to 99.58 grams gold per tonne over one metre in fresh bedrock. The highest gold grade of 383.20 grams gold per tonne occurs in a zone of highly oxidized saprolite that may be an oxide blanket associated with the shear zone observed in fresh bedrock. The gold-bearing oxide zone has an approximate thickness of 10 metres.

This next Phase of drilling will start in the area of the high-grade drilling intersections and work out incrementally from those intersections.