The Venture continues to lead the way among North American equity markets, signalling a strong finish to Q1…
Learn more in today’s Week In Review And A Look Ahead!
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Is SASY responding to the gold price as such IYO??? slow bleed to the south….
Comment by CrazyC — March 22, 2021 @ 7:06 am
Hoping traders and Gold bashers knock SASY even lower, CrazyC…$17 million market cap for an Eskay Camp play with the possibilities of Foremore (100%-owned) including the new Westmore gold-silver discovery presents an unusual opportunity going into summer…the greatest upside potential on a percentage basis is in some of these lower-priced plays in the district, from SASY to MTS ($17.6 million) and ETR (plus of course GGI when Regoci is finally turfed)…in the case of SASY, they also have Newfoundland and they’re very much in the heart of the emerging area play there with near-term drilling on the way at Gander North…no need to do a raise, either…a year ago no one wanted to buy Bitcoin plays…that was the best time to be loading up…same now with a lot of these beaten-down out-of-favor Gold stocks…
Comment by Jon - BMR — March 22, 2021 @ 7:43 pm
More impressive high-grade from NFG, this time at the Lotto Zone about 2 km north of the Keats Discovery Zone…
NEW FOUND INTERCEPTS 51.3 G/T AU OVER 3.2 M AND 53.3 G/T AU OVER 3.1 M IN STEP-OUTS TO DEPTH AT LOTTO
NFG March 23 News
New Found Gold Corp. has provided recently received assay results from two holes drilled at the Lotto zone. These holes were completed as part of the Company’s ongoing 200,000 m diamond drill program at its 100% owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland.
Highlights
– As illustrated in Figure 1, the intercepts in NFGC-21-109 and NFGC-21-115 confirm good continuity of high-grade gold mineralization to a vertical depth of approximately 130 m where it remains open.
– These intervals occur in an interpreted north-south strking vein set, one of a network of multiple secondary north-south striking vein sets interpreted to date over a 300m x 200m area and open (see Figure 2).
– High-grade interpreted to be focused on fault splays and structural intersections in plan view. Drilling to date indicates similar patterns in cross section, with spays in veining also interpreted in the vertical direction.
– Continuity is also developing along strike. The high-grade intervals in the Company’s original Lotto discovery hole (NFGC-21-17, which returned 41.2 g/t Au over 4.75m starting at 35m down hole and 25.4g/t over 5.15m starting at 57m down hole) are interpreted to occur in the same north-south vein set along strike to the north.
Denis Laviolette, President of New Found, stated: “We are very excited by the continuity of high-grade gold now developing on this north-south striking vein set at Lotto. The two reported step-out intervals were drilled below the high grade interval in Hole NFGC-21-100 (224.7 g/t Au over 2.45m, see February 23, 2021 news release) confirming the high grade mineralization to 130m vertical depth where it remains open. In fact the veining appears to be broadening and strengthening with depth, and drilling to step out further to depth will commence shortly. To date we have interpreted approximately 300m of north-south strike on this vein set which appears to bisect the Lotto Baseline fault zone, as illustrated in Figure 2. Drilling will also continue to step out along laterally along strike to further test in this direction.
Comment by Jon - BMR — March 23, 2021 @ 6:00 am
Very large gold-copper system is opening up at Metallis’ Kirkham Property…Gold-rich corridor now quantified as 200 – 300 m wide, 2000 m long and 600 m deep, remains open…you can fit a lot of Gold in there (like 10+ million ounces)…comparable in its footprint to Tudor’s Goldstorm-Copper Belle, with grades increasing at depth…
New Discovery Hole Confirms Substantial Extension to Gold Zone at Kirkham Property; Drills 1.13 g/t AuEq Over 54 Meters
VANCOUVER, BC, March 23, 2021 /CNW/ – Metallis Resources Inc. (TSX-V: MTS) (OTCQB: MTLFF) (FSE: 0CVM) (the “Company” or “Metallis”) has substantially extended the gold-bearing zone within the 4 km-long Cliff Porphyry System, which forms part of the larger 7.5 km long Hawilson Monzonite Complex (or “HM”) at its 100%-owned Kirkham Property (the “Property”). The Property is situated in the prolific Eskay Camp of the Golden Triangle in northwestern British Columbia, a region known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge’s KSM porphyry deposits and Pretium’s producing Brucejack gold mine, amongst others.
Highlights and Summary
– KH20-34 confirms the southern extension of the gold zone, approximately 1.2 km south of discovery Hole KH20-37. (See News Release February 10th, 2021). The new discovery hole KH20-34 intersected one of the best intervals on the project to date, highlighted by 1.13 g/t AuEq.* over 54 meters (“m”) within a broader interval of 0.64 g/t AuEq. over 141 m.
– KH20-35 intersected a broad interval of 0.33 g/t AuEq. over 254 m in a sericitic alteration zone defining the northwestern edge of the porphyry system at higher elevation. The lowermost 33 m of this interval returned 0.66 g/t AuEq. confirming that the gold-grades improve with depth and are correlated with gold-rich mineralization in holes MD09-01 and KH18-11 (Click to View Cross Section); and
– KH20-36 confirmed that the Cliff Porphyry System (“Cliff”) maintains its tabular shape and returned 490.8 m of 0.33 g/t AuEq, including 253 m of 0.34 g/t AuEq. and a 56 m sub-zone of 0.50 g/t AuEq. It provided a true test of the Cliff at higher elevation.
Metallis’ Chief Geologist – Abdul Razique, PhD., P.Geo. – commented: “The gold zones are typically telescoped over the Cliff Porphyry System – the widespread gold mineralization is hosted by highly silicified porphyry intrusions, calcareous sediments and hydrothermal breccias within a footwall block at Cliff, highlighted by strong IP resistivity anomalies. The 2020 Program provided us with a new perspective on the morphology of the Cliff Porphyry System, where the gold-rich corridor can now be quantified (200 m – 300 m wide by 2000 m long and 600 m deep), which remain open in all directions. Discovering significant high grade gold at depth in two holes over 1 km apart really opens up the opportunity of further expanding the gold zone and testing the deeper potassic core of the Cliff Pophyry System. We are excited to get back out to the field in 2021 and build on what we consider a highly successful 2020 season.”
Comment by Jon - BMR — March 23, 2021 @ 6:29 am