Highlights
Drillhole 22BNZDD004 returned 17.52 metres (m) core length of 3.41 g/t gold (Au), 23.51 g/t
These first four step-out holes from the
2022 drilling is beginning to demonstrate that an interconnected fault network of northeast and northwest structures is controlling broadly continuous mineralization over significant strike extents rather than isolated zones, indicating the larger resource potential of the
These initial 2022 drilling results and visually logged alteration and mineralization at both the Bonanza and adjacent Ridge zones are providing strong indications that they essentially represent a continuous zone of mineralization, offset by syn or late-stage faulting (Figures 1 and 2).
This represents a minimum strike length of ~660 metres (m) and remains open along strike; further drilling is planned (Figure 1).
These results demonstrate that a large-scale mineralizing system(s) is present at the
Exploration drillholes testing a parallel northeast fault zone ~150 metres north of the Bonanza zone intersected similar leached vuggy quartz zones associated with high grade gold-silver mineralization (Figure 1).
Ongoing exploration drilling continues to test mineralization along regional scale mineralizing structures that crosscut the
Mineralization at Bonanza and the adjacent Ridge zones remains open along-strike and at depth, with the geophysical and alteration features that define the prospective target zones remaining largely untested outside of the area delineated by historical and current drilling efforts undertaken by
The 2022 exploration program has built on the results of the maiden 2021 drill program by continuing with the proven strategy of drill testing the extensive NW and NE oriented fault systems which appear as linear magnetic lows throughout the Property. These fault systems are closely associated with high-grade gold-copper-silver mineralization, and often occur as interconnected structures offsetting one another. Recent exploration success has demonstrated that both the main NW and NE structural trends contain significant mineralization, greatly adding to the expansion potential of the historic target zones as well as the new exploration targets generated by
About
Contact:
Investor
Vice President
Email: dave@howardgroupinc.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Director
Email: nicks@thesisgold.com
Neither the
Cautionary Statement Regarding Forward-Looking Information
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis, which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
(C) 2022 Electronic News Publishing, source