(via TheNewswire)
Key highlights for the approved exploration proposal include:
Approval: Ten (10) sites, at 1 acre of new disturbance, approved to drill, for up to 25,000 lineal feet of PQ core,
Drill hole Plan: Results from the newly initiated surface mapping and sampling, in conjunction with the historical drill databases, will be utilized to finalize the design of individual drill holes.
Environmental Considerations: The Phase 1 drill plan has been designed to take full advantage of existing disturbances on the property, and to minimize new disturbances.
Roadmap: The approved drill plan provides a clear path to further explore the Property at depth.
Opportunity: The property has not been drill explored since 1997.
Regulatory Approval:
The recently approved Exploration Notice allows for drilling to be conducted on 10 sites, from which drilling can be implemented at any desired azimuth and inclination. The State of California, in addition to surface disturbance, regulates the volume of material “removed” by exploration activities. The approval permits the drilling and removal of material with a volume up to 25,000 feet of PQ-diameter core. Six (6) of the sites will facilitate the drilling of the
Field Program Update:
An update on the surface mapping and sampling program, initiated in late
Team of two (2) experienced field exploration geologists dedicated to the program, with guidance from Four Nine’s Corporate and consulting Experts on a regular basis,
Approximately 40% of the Property has been first-pass surface mapped and sampled,
153 rock chip grab samples collected,
Verified multiple mineralizing features described in the historical data, including epithermal veins, hydrothermal breccias and quartz stockworks,
Identified additional mineralizing features not previously described, including faults, epithermal veins and hydrothermal breccias.
Precise characterization of the various Hydrothermal Vent Breccia occurrences,
These epithermal veins, hydrothermal breccias and quartz stockworks are favorable sites for the deposition of gold and silver mineralization.
The surface grab rock chip samples will be analyzed by the
Preparation: Prep-31 as default, Prep-31BY for samples where visible gold has been observed,
Gold assay: Au-AA23 (fire assay with AAS finish); defaults to a 2ndanalysis by Au-Grav21 (gravimetric finish) when the concentration from the Au-AA23 assay is 10 g/t,
Silver assay: ME-ICP61 (4-acid digestion, ICP determination); includes additional other major and trace elements,
Certified reference and blank material samples will be inserted into the rock samples submittal,
Chain of custody and security will be maintained for the collected samples,
Assay results of the rock chip samples are pending.
The findings of the surface mapping and sampling program will be utilized to finalize the design of individual holes to be drilled in a future exploration program.
"We are thrilled to receive regulatory approval for our Phase 1 drill program, which allows for further exploration of our flagship
Approved Drill Site Map
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Hayden Hill Mineral Zones
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Four Nines Gold Sample Location Map
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Forward-looking statements
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Statements and information that are not historical facts are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements and the assumptions made in respect thereof involve known and unknown risks, uncertainties, and other factors beyond the Company’s control. Forward-looking statements in this press release include statements regarding beliefs, plans, expectations, or intentions of the Company. Mineral exploration is highly speculative and characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. Forward-looking statements in this press release are made as of the date herein. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this press release are reasonable, undue reliance should not be placed on such statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.
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