The drilling completed at the Stealth oxide gold deposit is focussed on confirming historical drilling intercepts and testing both lateral and depth extensions of the known gold mineralisation. Results from the current drill program have been very encouraging, with broad intersections of gold mineralisation in multiple holes. Of particular note is hole ST22-003, which intersected 1.4g/t gold over 51.8m from 13.7m, demonstrating the excellent continuity of gold mineralisation at Stealth from close to surface.
The 2022 drill program at Stealth has tested a relatively small area (350m x 150m) of the mapped Stealth Fault, which is over 8km in strike length and remains largely undrilled for most of this extent.
Background
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FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (collectively, 'forward looking statements') within the meaning of applicable Canadian and
Forward-looking statements are typically identified by words such as: 'believes', 'will', 'expects', 'anticipates', 'intends', 'estimates', 'plans', 'may', 'should', 'potential', 'scheduled', or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner, the availability of financing on suitable terms for the exploration and development of the Company's projects and the Company's ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, 7 changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including of the
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