- First 21 surface exploration holes have been drilled, totalling 4,787 metres of a 42,500-metre drilling program.
- Ten drill holes intersected significant gold mineralization. Assay results are still pending for 4 of the 21 holes.
- High-grade assay results received to date include 35.87 g/t Au over 9.8 metres and 11.02 g/t Au over 5.55 metres from shallow surface exploration holes.
- Four underground drill rigs continue testing "near-mine" exploration targets.
- An additional 5,000 m of drilling is planned to follow up on the recent near-surface results.
A total of 4,787 metres of drilling in 21 surface drill holes were completed on the Beaufor property, representing 11% of the planned program. These holes were aimed at testing targets developed through the 3D modelling program undertaken on the property that included extensions of high-grade intersections or previously defined resource blocks. Many of these previously defined targets coincide with Priority 1 type targets as defined by Goldspot using their AI technology. These shallow, near-surface targets, located between a depth of 50 to 325 m, are all located within a 1 km radius of the Beaufor mine shaft. All the target areas are easily accessible from the existing underground workings, with minimal new underground development required.
Complete assay results have been received for 14 of the 21 surface exploration holes. Ten of the holes intersected anomalous gold mineralization, which is considered good given the characteristic nuggety-style gold distribution. The best intersections are shown in the table below. Several of the holes have multiple intersections due to the stacked nature of the mineralization. The intersection widths in these surface exploration holes are reported as core lengths, but are expected to represent 85 to 100% of the true thickness based on known vein orientations. High-grade intersections were not capped, as the vein interpretation and statistics have not been finalized for the zones. The locations of the new mineralized intersections are shown in figures 1 and 2, attached.
Good continuity of the gold mineralization was seen in the different clusters of recent surface drill holes.
Intersections of 11.02 g/t Au over 5.55 m in hole BES-20-016 and 35.87 g/t Au over 9.8 m in hole BES-20-017 are located between 71 m and 64 m below surface, respectively. Correlation between the holes appears good and the mineralization is open to the east and north.
Multiple intersections within the same interpreted vein structure were identified in holes BES-20-002, BES-20-003, BES-20-004 and follow-up hole BES-20-021. The best intersections included 14.58 g/t Au over 1.2 m (BES-20-002) and 5.80 g/t Au over 2.05 m (BES-20-021). A second vein structure was intersected in the bottom part of hole BES-20-004, approximately 50 metres below the above-mentioned vein, returning an assay of 180.00 g/t Au over 0.5 m.
A similar vein structure with anomalous gold was intersected in holes BES-20-018 and BES-20-019. The best intersection, located approximately 20 metres above this vein, assayed 34.20 g/t Au over 0.5 m.
An additional 5,000 m of drilling is planned to follow up on the most promising intersections in the area of holes BES-20-002, BES-20-004 and BES-20-005, the area of BES-20-016 and BES-20-017 and the area of BES-20-18 and BES-20-019. A surface diamond drill will be moved to these targets before the end of January.
"Our second set of drill results from our program on the Beaufor property continue to show excellent results," said
Best results for the
Hole-ID | From (m) | To (m) | Width (m)* | Au (g/t) |
BES-20-001 | No Significant Assays | |||
BES-20-002 | 263.00 | 264.20 | 1.20 | 14.58 |
Incl. | 263.70 | 264.20 | 0.50 | 33.90 |
BES-20-003 | 267.15 | 267.70 | 0.55 | 2.56 |
BES-20-004 | 272.15 | 273.60 | 1.45 | 2.44 |
BES-20-004 | 325.10 | 325.60 | 0.50 | 180.00 |
BES-20-005 | 152.35 | 152.85 | 0.50 | 9.48 |
BES-20-005 | 200.50 | 201.00 | 0.50 | 38.20 |
BES-20-005 | 205.05 | 207.65 | 2.60 | 3.06 |
BES-20-007 | Assays Pending | |||
BES-20-008 | 89.90 | 90.50 | 0.60 | 2.54 |
BES-20-009 | No Significant Assays | |||
BES-20-010 | Assays Pending | |||
BES-20-011 | Assays Pending | |||
BES-20-012 | No Significant Assays | |||
BES-20-013 | No Significant Assays | |||
BES-20-014 | 68.50 | 69.05 | 0.55 | 3.86 |
BES-20-015 | No Significant Assays | |||
BES-20-016 | 88.60 | 94.15 | 5.55 | 11.02 |
Incl. | 89.10 | 89.80 | 0.70 | 76.60 |
BES-20-017 | 78.90 | 88.70 | 9.80 | 35.87 |
Incl. | 79.40 | 79.90 | 0.50 | 535.00 |
And | 88.20 | 88.70 | 0.50 | 148.50 |
BES-20-018 | 45.45 | 45.95 | 0.50 | 34.20 |
BES-20-018 | 66.65 | 67.25 | 0.60 | 5.37 |
BES-20-019 | 77.75 | 79.25 | 1.50 | 3.52 |
BES-20-020 | No Significant Assays | |||
BES-20-021 | 237.80 | 239.85 | 2.05 | 5.80 |
BES-20-022 | Assays Pending |
*The width shown is the core length. True width is estimated at 85-100%, but has yet to be confirmed. |
Collar coordinates (mine grid):
Hole number | Azimuth | Dip | Length | Mine E | Mine N | Mine |
BES-20-001 | 45 | -75 | 354 | 1550.428 | 3139.05 | 3048.45 |
BES-20-002 | 45 | -76 | 396 | 1532.555 | 3125.271 | 3048.18 |
BES-20-003 | 45 | -76 | 365.5 | 1585.609 | 3128.529 | 3048.66 |
BES-20-004 | 45 | -76 | 402 | 1572.465 | 3113.746 | 3048.49 |
BES-20-005 | 45 | -75 | 216.05 | 1772.664 | 3616.133 | 3048.73 |
BES-20-007 | 45 | -75 | 95 | 1849.743 | 3782.251 | 3047.78 |
BES-20-008 | 45 | -76 | 234.05 | 2464.365 | 3561.939 | 3057.93 |
BES-20-009 | 45 | -76 | 206.95 | 2445.565 | 3598.124 | 3059.1 |
BES-20-010 | 302 | -60 | 108 | 2480.843 | 3420.563 | 3065.03 |
BES-20-011 | 44 | -78 | 105 | 2480.843 | 3420.563 | 3065.03 |
BES-20-012 | 45 | -76 | 195.2 | 1261.092 | 3427.671 | 3045.71 |
BES-20-013 | 44 | -63 | 282 | 1240.582 | 3319.306 | 3045.45 |
BES-20-014 | 359 | -45 | 105 | 1240.139 | 3320.531 | 3045.46 |
BES-20-015 | 39 | -63 | 288 | 1240.23 | 3319.644 | 3045.42 |
BES-20-016 | 351 | -53 | 213 | 1428.936 | 3350.743 | 3047.7 |
BES-20-017 | 351 | -53 | 195 | 1422.556 | 3370.148 | 3047.14 |
BES-20-018 | 45 | -76 | 78.2 | 1839.166 | 3177.31 | 3051.61 |
BES-20-019 | 45 | -75 | 90 | 1846.974 | 3161.077 | 3051 |
BES-20-020 | 45 | -75 | 111.1 | 1822.131 | 3192.446 | 3051.15 |
BES-20-021 | 50 | -76 | 315 | 1580.136 | 3149.757 | 3049.35 |
BES-20-022 | 51 | -75 | 432 | 1545 | 3105 | 3049 |
BES-20-001 | 45 | -75 | 354 | 1550.428 | 3139.05 | 3048.45 |
Sampling consists of sawing the core into equal halves along its main axis and shipping one of the halves to the laboratories of ALS Canada in
The technical and scientific content of this press release has been reviewed and approved by
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