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The drilling at OGI targeted a silver-zinc soil anomaly that covers an area of approximately 250 metres by 750 metres (Figure 1). The soil anomaly is strongly anomalous in Zn (1,060 ppm to 4,500 ppm), Ag (10 ppm to 31 ppm) and enriched in several other elements including Ni, As, Mo, Ba, P and V (see news release dated
The OGI Property, consisting of 99 quartz claims, is underexplored relative to its neighbours, including Golden Predator’s
(1)Van Damme, et.al., 1997.
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Figure 1 - OGI 2020 RAB Drilling Plan Map
Target length for each hole was 100 metres, which is the nominal capacity of the GTD RAB drill equipped with one compressor used for the program. However, each of the four holes encountered extremely broken ground conditions which created challenging drilling conditions and the longest hole length achieved was 30.5 metres.
Table1 - RAB Drill Hole Locations
------------------------------------------------------------------- |RAB Hole |Zone|Easting|Northing|Elevation|Azimuth|Dip|Length| | | | | |(m) |(°) |(°)|(m) | |-----------------------------------------------------------------| |OGI-RAB-20-001|07N |627603 |7115627 |906 |010 |55 |27.4 | |-----------------------------------------------------------------| |OGI-RAB-20-002|07N |627633 |7115713 |908 |010 |55 |24.4 | |-----------------------------------------------------------------| |OGI-RAB-20-003|07N |627751 |7115725 |987 |010 |55 |21.3 | |-----------------------------------------------------------------| |OGI-RAB-20-004|07N |627402 |7115808 |995 |010 |55 |30.5 | -------------------------------------------------------------------
Holes OGI-RAB-20-001, 003 and 004 all intersected a black fine grained argillaceous unit that is moderately to strongly anomalous in zinc and silver, as well as the SEDEX pathfinder elements Vanadium, Molybdenum and Barium. The strongest mineralization was encountered in OGI-RAB-20-004, which averaged 1,963 ppm Zn and 5.7 ppm Ag over its entire 30.5 m length. The highest results from this hole were 1.5 m of 5,430 ppm Zn at 13.7 m and 1.5 m of 11.6 g/t Ag at 3.0 m.
The Company’s plans for OGI in 2021 include gravity geophysics methods aimed at finding massive sulfide mineralization within the argillite unit and diamond drilling to fully test the known geochemical targets at OGI as well as any targets defined by the gravity geophysics.
About
The scientific and technical content of this news release has been reviewed and approved by
ON BEHALF OF THE BOARD OF DIRECTORS OF
“
President and Director
For more information contact:
President & Director
778-212-1950
dpenner@sitkagoldcorp.com
or
CEO & Director
604-817-4753
ccoe@sitkagoldcorp.com
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