(via TheNewswire)
Highlights
TL-23-001 intersects 41 g/t Au over 1m including visible gold from 60.5-meters
Deeper mineralization confirmed in addition to main workings
Metallic Screening of TL-23-001 shows coarse fraction of 535 g/t Au
Mineralization in quartz flooding into wall rock shows elevated Au values
Maiden Program Successfully Confirms High-Grade Nature of Tabor
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Figure 1. TL-23-001 core, 11 separate flecks of visible gold were recorded by geologists.
Results
Table 1. Results for Maiden Drill Program.
Hole No. | From (m) | To (m) | Interval (m)* | Au (g/t) |
TL-23-001
( | 57.50 | 65.50 | 8.00 | 5.23 |
Including | 60.50 | 61.50 | 1.00 | 41.00 |
TL-23-002 | 110.00 | 112.00 | 2.00 | 0.40 |
TL-23-003 | 32.00 | 33.00 | 1.00 | 11.60 |
TL-23-004 | 31.00 | 32.00 | 1.00 | 2.94 |
TL-23-005 | 69.30 | 70.30 | 1.00 | 1.11 |
*Mineralized veins dip to the south at 50-60 degrees. True widths are unknown but estimated to be at least 85% of reported intervals and will be confirmed at a later date.
Table 2. Metallic Screen Results.
TL-23-001 60.5m to 61.5m Metallic Screening | Value |
Au +100 mesh (g/t) | 535 |
Au - 100 mesh (A) (g/t) | 33.1 |
Au -100 mesh (B) (g/t) | 33.6 |
Total Au (g/t) | 41 |
Weight +100 mesh (g) | 28 |
Weight -100 mesh (g) | 1812 |
Total Weight (g) | 1840 |
Discussion
TL-23-001 was drilled to test the main vein system and deeper potential. Unfortunately, the collar location was west of ideal placement due to access constraints and the hole is interpreted to have drilled into the eastern side of the QFP/mafic contact before target depth. To test the deeper historical 838 g/t Au*, Ashley will need to target this from the lake in a winter drill program as done in historical programs. TL-23-002 was modified from predrill plans based on this to test north along the historical workings. It intersected grades of 0.40 g/t Au averaged over 2m from a depth of 110m highlighting the potential of the deeper mineralization interpreted from historical drilling and quartz veining described within the shaft. TL-23-003 and TL-23-004 were drilled to test the shallow potential of the main vein. TL-23-003 correlates to the better historical underground assay results and ran 11.60 g/t Au over 1m while TL-23-004 was drilled near a ‘leaner’ zone in the underground assays and ran 2.94 g/t Au over 1m. TL-23-005 was testing the western extension of the vein and intersected elevated gold values at both the main vein and deeper target returning 1.11 g/t Au over 1m.
Metallic screening of the 60.50m to 61.50m sample in TL-23-001 confirms the presence of coarse gold seen in the core with +100 mesh size running 535 g/t Au (Table 2). Mesh fines of -100 ran 33.1 and 33.6 g/t Au with a weighted average of 41 g/t Au.
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Figure 2. Location of 2023 Drill Program
*Please notethat assay values denoted with an“*”within this release are from previous operators, considered to be “historical” in nature and therefore are non-compliant with respect to NI 43-101 standards, and have not been independently verified by
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