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Includes 58.2 g/t Over 1.1 Metres
Table1 - Notable intercepts from the 2022 Kendell prospect winter drill program
Hole ID | From (m) | To (m) | Length (m) | Au (g/t) |
GB-22-64 | 34.0 | 36.0 | 2.0 | 9.5 |
GB-22-65 | 34.6 | 37.6 | 3.0 | 6.2 |
GB-22-72 | 28.4 | 34.4 | 6.0 | 6.7 |
inc. | 30.4 | 31.4 | 1.0 | 15.2 |
inc. | 33.4 | 34.4 | 1.0 | 13.3 |
GB-22-74 | 14.0 | 17.7 | 3.7 | 2.5 |
and | 27.7 | 31.0 | 3.4 | 5.1 |
GB-22-92 | 52.5 | 56.1 | 3.6 | 6.1 |
inc. | 55.7 | 56.1 | 0.4 | 44.9 |
GB-22-93 | 46.9 | 50.0 | 3.1 | 4.3 |
GB-22-94 | 47.0 | 50.5 | 3.5 | 20.6 |
inc. | 47.8 | 48.9 | 1.1 | 58.2 |
GB-22-96 | 36.4 | 39.4 | 3.0 | 11.0 |
and | 42.4 | 46.0 | 3.6 | 3.0 |
GB-22-97 | 34.0 | 43.0 | 9.0 | 4.3 |
inc. | 42.0 | 43.0 | 1.0 | 15.1 |
Notes:
All intersections are downhole length as there is insufficient information to calculate true width.
Reported grades have not been capped.
Gold Mineralization at Kendell Extended at Depth and Along Strike
The 2022 winter drill program at the Kendell prospect was designed to test the continuity of gold mineralization downdip to the northwest and along strike to the northeast and southwestof the previously-drilled mineralized intercepts(Figure 1). The best mineralized intercepts in the 2021 drilling program appear to follow a structure, interpreted from ground magnetics, that strikes northwest-southeast and dips gently in that direction. Gold mineralization was generally in the form of fine grains in centimetre-scale quartz veins with additional gold mineralization associated with arsenopyrite and/or stibnite in the adjacent wall rocks. Mineralized intercepts are focused in the hanging wall of a sheared black shale horizon (Figure 2).
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Figure1 - Plan map of the Kendell prospect showing 2021 and 2022 drill collars and mineralized intercepts
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Figure2 - Vertical section A-A' of the Kendell prospect based on 2021 and 2022 drilling (looking northeast)
The 2022 Kendell drill results successfully extended gold mineralization downdip to the northwest. Hole GB-22-92 intersected 6.1 g/t gold over 3.6 m at a downhole depth of 52.5 m, including 44.9 g/t over 0.4 m. This intercept is approximately 80 m downdip of hole GB-21-53, which intersected 12.2 g/t gold over 3.9 m, extending the total known downdip length of gold mineralization at the Kendell prospect to approximately 180 m. The best intercept in the 2022 winter drill program was in hole GB-22-94, which intersected 20.6 g/t gold over 3.5 m, including 58.2 g/t over 1.1 m in the thickest quartz vein encountered in drilling to date. Due to its gentle dip, gold mineralization remains shallow. Hole GB-22-95, which was oriented to the northwest to test downdip of hole GB-22-94, did not intersect significant mineralization. Hole GB-22-95 may not have been drilled at the optimal orientation and possibly deviated from the target horizon. The Company intends to obtain a higher precision bore hole survey of GB-22-95 during the planned Televiewer work.
Winter drilling at Kendell also extended gold mineralization along strike to the southwest. Hole GB-22-64 intersected 9.5 g/t gold over 2.0 m and hole GB-22-72 intersected 6.7 g/t gold over 6.0 mapproximately 10 m southwest of previously-drilled intercepts. Gold mineralization remains open along strike to the southwest. Drilling to the northeast, approximately 10 m from previous intercepts, did not return significant gold mineralization. Downhole televiewer work is expected to provide additional information on the orientation of mineralized quartz veins, which will enhance the understanding of the mineralization and optimize the azimuth for future drilling.
A thick quartz vein encountered in hole GB-22-94 (Figure 3) suggests the potential for broader zones of high grade gold mineralization where structures opened up through progressive deformation during orogenesis.
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Figure3 - Drill core from GB-22-94 with large quartz vein starting at downhole depth of 47.8 m (visible gold within red circles)
Gold mineralization may be related to a lithological contact between the Isle Galet formation sedimentary rocks and black shales of the
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Figure4 – Plan map of the Kendell prospect area showing interpreted faults, lithologies and select gold anomalies in grab samples and till samples
The 75 diamond drill holes completed to date at the Kendell prospect in 2021 and 2022 indicate a very strong correlation between gold mineralization and arsenic and antimony. The gold-arsenic-antimony association is a well-defined hallmark of world-class gold producers such as the
Additional soil sampling is planned for multiple locations on the Golden Baie project in 2022 to infill areas that have not been sampled or have historic soil samples with only gold assay data.
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Figure 5 – Significant gold-arsenic-antimony anomalies on the Golden Baie project based on soil samples
QA/QC:
All 2021 and 2022 drilling was of NQ-sized drill core. Core samples were split with a diamond sawand half-core retained for further study after being detail logged and photographed. 2022 drill core samples werecollected by company personnel and shipped to
Soils are dried at a secure company facility and will be processed at
Qualified Person
Table2 - Kendell prospect 2022 winter drilling assay results
Hole ID | From (m) | To (m) | Length (m) | Au (g/t) |
GB-22-63 | 18.5 | 22.5 | 4.0 | 0.5 |
GB-22-64 | 34.0 | 36.0 | 2.0 | 9.5 |
GB-22-65 | 20.1 | 25.0 | 5.0 | 1.0 |
and | 34.6 | 37.6 | 3.0 | 6.2 |
GB-22-66 | NSR | |||
GB-22-67 | 6.0 | 6.5 | 0.5 | 5.7 |
GB-22-68 | 7.0 | 9.0 | 2.0 | 2.6 |
GB-22-69 | NSR | |||
GB-22-70 | NSR | |||
GB-22-71 | NSR | |||
GB-22-72 | 15.4 | 17.4 | 2.0 | 2.1 |
and | 28.4 | 34.4 | 6.0 | 6.7 |
inc. | 30.4 | 31.4 | 1.0 | 15.2 |
inc. | 33.4 | 34.4 | 1.0 | 13.3 |
GB-22-73 | 14.0 | 17.0 | 3.0 | 4.7 |
and | 27.0 | 36.0 | 9.0 | 0.5 |
GB-22-74 | 14.0 | 17.7 | 3.7 | 2.5 |
and | 27.7 | 31.0 | 3.4 | 5.1 |
GB-22-75 | 16.0 | 18.0 | 2.0 | 0.5 |
GB-22-76 | 15.9 | 17.9 | 2.0 | 0.7 |
GB-22-77 | 19.0 | 20.0 | 1.0 | 2.2 |
GB-22-78 | 18.0 | 18.9 | 0.9 | 1.6 |
GB-22-79 | NSR | |||
GB-22-80 | NSR | |||
GB-22-81 | 7.0 | 21.3 | 14.3 | 0.3 |
GB-22-82 | 5.5 | 23.5 | 18.0 | 0.2 |
GB-22-83 | 15.5 | 16.0 | 0.5 | 7.6 |
GB-22-84 | NSR | |||
GB-22-85 | 8.0 | 19.6 | 11.6 | 0.2 |
GB-22-86 | 7.5 | 16.0 | 8.5 | 0.3 |
GB-22-87 | 9.0 | 13.0 | 4.0 | 0.7 |
GB-22-88 | 3.0 | 16.5 | 13.5 | 0.2 |
GB-22-89 | 2.0 | 14.0 | 12.0 | 0.2 |
GB-22-90 | 9.5 | 11.6 | 2.1 | 2.4 |
GB-22-91 | 9.0 | 10.0 | 1.0 | 1.7 |
GB-22-92 | 52.5 | 56.1 | 3.6 | 6.1 |
inc. | 55.7 | 56.1 | 0.4 | 44.9 |
and | 61.6 | 64.2 | 2.6 | 1.5 |
GB-22-93 | 46.9 | 50.0 | 3.1 | 4.3 |
GB-22-94 | 47.0 | 50.5 | 3.5 | 20.6 |
inc. | 47.8 | 48.9 | 1.1 | 58.2 |
and | 55.0 | 56.0 | 1.0 | 2.6 |
GB-22-95 | NSR | |||
GB-22-96 | 36.4 | 39.4 | 3.0 | 11.0 |
and | 42.4 | 46.0 | 3.6 | 3.0 |
GB-22-97 | 34.0 | 43.0 | 9.0 | 4.3 |
inc. | 42.0 | 43.0 | 1.0 | 15.1 |
and | 45.0 | 46.9 | 1.9 | 1.7 |
GB-22-98 | NSR | |||
GB-22-99 | NSR | |||
GB-22-100 | 27.0 | 28.5 | 1.5 | 0.5 |
and | 53.0 | 54.0 | 1.0 | 0.6 |
GB-22-101 | 56.0 | 57.0 | 1.0 | 0.6 |
Table3 - Kendell prospect 2022 winter drilling collar locations and drill hole details
Hole | Location | Easting NAD83 | Northing NAD83 | Azimuth | Dip | Total Length (m) |
GB-22-63 | Kendell | 596807 | 5298139 | 135 | -46 | 91 |
GB-22-64 | Kendell | 596807 | 5298139 | 136 | -65 | 82 |
GB-22-65 | Kendell | 596807 | 5298139 | 127 | -83 | 82 |
GB-22-66 | Kendell | 596844 | 5298105 | 135 | -46 | 52 |
GB-22-67 | Kendell | 596844 | 5298105 | 132 | -64 | 52 |
GB-22-68 | Kendell | 596844 | 5298105 | 121 | -84 | 55 |
GB-22-69 | Kendell | 596841 | 5298099 | 93 | -45 | 52 |
GB-22-70 | Kendell | 596841 | 5298099 | 100 | -59 | 0 |
GB-22-71 | Kendell | 596841 | 5298099 | 99 | -69 | 52 |
GB-22-72 | Kendell | 596828 | 5298116 | 108 | -69 | 67 |
GB-22-73 | Kendell | 596828 | 5298116 | 90 | -54 | 61 |
GB-22-74 | Kendell | 596828 | 5298116 | 91 | -45 | 61 |
GB-22-75 | Kendell | 596826 | 5298120 | 128 | -45 | 70 |
GB-22-76 | Kendell | 596826 | 5298120 | 129 | -65 | 70 |
GB-22-77 | Kendell | 596826 | 5298120 | 118 | -84 | 70 |
GB-22-78 | Kendell | 596806 | 5298125 | 131 | -66 | 136 |
GB-22-79 | Kendell | 596806 | 5298125 | 132 | -44 | 100 |
GB-22-80 | Kendell | 596806 | 5298125 | 136 | -84 | 85 |
GB-22-81 | Kendell | 596885 | 5298118 | 130 | -75 | 52 |
GB-22-82 | Kendell | 596885 | 5298118 | 134 | -60 | 40 |
GB-22-83 | Kendell | 596885 | 5298118 | 135 | -44 | 40 |
GB-22-84 | Kendell | 596894 | 5298131 | 128 | -84 | 40 |
GB-22-85 | Kendell | 596894 | 5298131 | 129 | -65 | 40 |
GB-22-86 | Kendell | 596894 | 5298131 | 130 | -44 | 61 |
GB-22-87 | Kendell | 596908 | 5298118 | 137 | -66 | 62.5 |
GB-22-88 | Kendell | 596908 | 5298118 | 137 | -45 | 43 |
GB-22-89 | Kendell | 596900 | 5298111 | 140 | -85 | 37 |
GB-22-90 | Kendell | 596900 | 5298111 | 133 | -66 | 40 |
GB-22-91 | Kendell | 596900 | 5298111 | 137 | -47 | 40 |
GB-22-92 | Kendell | 596768 | 5298190 | 140 | -85 | 157 |
GB-22-93 | Kendell | 596768 | 5298190 | 134 | -70 | 121 |
GB-22-94 | Kendell | 596768 | 5298190 | 132 | -56 | 115 |
GB-22-95 | Kendell | 596768 | 5298190 | 311 | -54 | 163 |
GB-22-96 | Kendell | 596788 | 5298173 | 130 | -52 | 79 |
GB-22-97 | Kendell | 596788 | 5298173 | 129 | -70 | 112 |
GB-22-98 | Kendell | 596808 | 5298180 | 132 | -50 | 91 |
GB-22-99 | Kendell | 596809 | 5298180 | 128 | -70 | 100 |
GB-22-100 | Kendell | 596783 | 5298145 | 131 | -76 | 100 |
GB-22-101 | Kendell | 596820 | 5298167 | 131 | -64 | 82 |
About
For further information, please contact:
Email: rob@canstarresources.com
Phone: 1-647-247-8715
Website:www.canstarresources.com
Forward-Looking Statements
Neither
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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