TSX: TML OTCQX: TSRMF
Highlights:
- Continuity of near surface, Goliath-style alteration and gold mineralization with significant silver confirmed between drillholes and extended up dip.
- Mineralization intersected includes:
- TL23-663 intersected 42.9 metres grading 0.54 g/t Au and 14.66 g/t Ag, including 2.0 metres grading 2.60 g/t Au and 3.40 g/t Ag, and 7.9 metres grading 1.13 g/t Au and 42.69 g/t Ag which includes 1.0 metre grading 4.64 g/t Au and 191.00 g/t Ag;
- TL23-664 intersected 39.3 metres grading 0.64 g/t Au and 5.72 g/t Ag, including 12.7 metres grading 1.37 g/t Au and 11.14 g/t Ag, which includes 1.0 metre grading 5.53 g/t Au and 30.30 g/t Ag;
- TL23-661 intersected 18.0 metres grading 0.70 g/t Au and 2.94 g/t Ag, including 2.0 metres grading 2.34 g/t Au and 8.65 g/t Ag, and 1.0 metre grading 3.32 g/t Au and 2.40 g/t Ag;
- TL23-668 intersected 25.0 metres grading 0.50 g/t Au and 12.14 g/t Ag, including 4.0 metres grading 1.24 g/t Au and 38.03 g/t Ag, and 1.0 metre grading 4.07 g/t Au and 75.60 g/t Ag;
- TL22-644 intersected 5.7 metres grading 2.25 g/t Au and 1.58 g/t Ag, including 1.5 metres grading 8.12 g/t Au and 2.50 g/t Ag, and also intersected 10.5 metres grading 0.74 g/t Au and 24.77 g/t Ag, including 1.5 metres grading 1.97 g/t Au and 47.30 g/t Ag;
The drilling represented in this release occurred across two phases. The initial phase of the program (20 holes, 5,427 metres) was designed to confirm the continuity of the host lithology and mineralization between existing drilling, expand along strike and up dip, and further the geological understanding of the Goliath-style target. The second phase (14 holes, 3,078 metres) aimed to further expand known mineralization along strike and up dip, and step out further to the southwest along trend to explore the potential extent of the host rock lithology. Drilling from both phases successfully intersected the targeted lithology and mineralization adjacent to and between past drilling, extending the identified mineralized trend to approximately 1 kilometre and improved definition of 400 metres.
The Far East target is located approximately 8 kilometres east of the Goliath deposit and was initially identified in 2011. The Company completed a four-hole test program on the target in 2012, with the last hole intersecting Goliath-style host rock, alteration and mineralization. Drilling in 2021 and 2022 on the target was undertaken to better understand the shape, extent, and mineralization potential of the host rock. The mineralization at the Far East target occurs within felsic to intermediate volcanic rocks and is associated with disseminated pyrite and trace sphalerite, both of which are characteristic of the Goliath deposit. At the Far East it has been observed that elevated gold results are typically located near and along the contacts of felsic porphyry intrusions. While not directly associated with Goliath mineralization, deformed porphyries are commonly identified in the hanging wall sediments above the deposit and could have played a role in fluid movement and the original emplacement of gold. In addition to gold, significant silver results have been intersected and generally correlate to the presence of elevated gold values. High-grade intercepts like those found in TL22-616 where 16.90 g/t Au over 9.0 metres including 0.3 metres grading 502.00 g/t Au (released May, 2022) occur as remobilized mineralization in quartz veins within the host lithologies.
In the most recent program, the geological team drilled a series of holes between the wider-spaced holes from the previous program, and up and down dip. Due to the wet ground conditions, "swamp mats" were utilized and multiple holes were drilled at each location to prevent excess ground disturbance. The increase in drill density assisted in confirming the continuity of the mineralization, but also identified several new mineralized horizons and relationships. Multiple felsic to intermediate intrusive rocks were intersected across the area where the mineralization is spatially related to the contacts, though not mineralized themselves. The southeast-most and thickest of the felsic intrusive rocks logged as quartz feldspar porphyry has a strong magnetic signature which is identifiable in airborne geophysical maps and is a great marker horizon for future exploration as it continues to the southwest. TL22-644 returned 5.7 metres grading 2.25 g/t Au and 1.58 g/t Ag, including 1.5 metre grading 8.12 g/t Au and 2.50 g/t Ag, adjacent to the hanging wall contact of this porphyry in addition to other mineralized intervals along strike. A set of sub-metre felsic to intermediate dykes identified in the stratigraphy has been observed to relate to wider mineralized intervals where TL23-663 intersected 42.9 metres grading 0.54 g/t Au and 14.66 g/t Ag, including 2.0 metres grading 2.60 g/t Au and 3.40 g/t Ag and 7.9 metres grading 1.13 g/t Au and 14.66 g/t Ag, which includes 1.0 metre grading 4.64 g/t Au and 191.00 g/t Ag; TL23-664 intersected 39.3 metres grading 0.64 g/t Au and 5.72 g/t Ag, including 12.7 metres grading 1.37 g/t Au and 11.14 g/t Ag, which includes 1.0 metre grading 5.53 g/t Au and 30.30 g/t Ag; and TL23-668 intersected 25.0 metres grading 0.50 g/t Au and 12.14 g/t Ag, including 4.0 metres grading 1.24 g/t Au and 38.03 g/t Ag, and including 1.0 metre grading 4.07 g/t Au and 75.60 g/t Ag. Furthermore, these wide intervals of mineralization occur immediately above a strongly silicified quartz-phyric muscovite sericite schist, providing an easily identifiable footwall marker unit.
On the southwest side, TL23-672, was drilled approximately 85 metres along strike to previously released drillhole TL22621 and encountered the host lithologies and mineralized intervals with 8.9 metres grading 0.67 g/t Au and 3.41 g/t Ag, including 1.0 metre grading 3.79 g/t Au and 20.80 g/t Ag, associated with the upper porphyry; and 36.0 metres grading 0.35 g/t Au and 7.92 g/t Ag, including 0.6 metre grading 1.07 g/t Au and 51.30 g/t Ag, associated with the lower porphyry. Three additional drillholes were designed as step-outs between 325 to 500 metres further along strike to investigate the extent of the host lithologies. While the full lithological sequence was not encountered, small intervals of the host rock lithology were found with gold present. Future programs will investigate the expansion potential in the area between these holes (see Figure 2) in addition to deeper drilling as the mineralized corridor remains open at depth.
Table 1: New Significant Gold and Silver Intercepts from Recent Drilling
Drill Hole | Including | From (m) | To (m) | Sample Length (m) | Au (g/t) | Ag (g/t) |
TL22-644 | 40.81 | 46.50 | 5.69 | 2.25 | 1.58 | |
including | 43.50 | 45.00 | 1.50 | 8.12 | 3.75 | |
TL22-644 | 180.51 | 191.00 | 10.49 | 0.74 | 24.77 | |
including | 185.00 | 186.50 | 1.50 | 1.97 | 47.30 | |
TL23-657 | 175.00 | 195.60 | 20.60 | 0.53 | 5.50 | |
including | 175.00 | 176.00 | 1.00 | 1.47 | 7.40 | |
and | 178.00 | 179.00 | 1.00 | 1.39 | 6.50 | |
TL23-659 | 133.50 | 152.00 | 18.50 | 0.54 | 10.71 | |
including | 144.00 | 144.50 | 0.50 | 4.46 | 96.00 | |
TL23-661 | 104.00 | 122.00 | 18.00 | 0.70 | 2.94 | |
including | 105.00 | 107.00 | 2.00 | 2.34 | 8.65 | |
and | 121.00 | 122.00 | 1.00 | 3.32 | 2.40 | |
TL23-662 | 93.50 | 115.00 | 21.50 | 0.41 | 14.85 | |
including | 107.00 | 108.00 | 1.00 | 2.68 | 24.90 | |
TL23-663 | 170.00 | 212.90 | 42.90 | 0.54 | 14.66 | |
including | 178.00 | 180.00 | 2.00 | 2.60 | 3.40 | |
and | 205.00 | 212.90 | 7.90 | 1.13 | 42.69 | |
including | 208.00 | 209.00 | 1.00 | 4.64 | 191.00 | |
TL23-664 | 124.00 | 163.33 | 39.33 | 0.64 | 5.72 | |
including | 150.66 | 163.33 | 12.67 | 1.37 | 11.14 | |
including | 153.00 | 154.00 | 1.00 | 5.53 | 30.30 | |
TL23-668 | 71.00 | 96.00 | 25.00 | 0.50 | 12.14 | |
including | 73.00 | 77.00 | 4.00 | 1.24 | 38.03 | |
and | 95.00 | 96.00 | 1.00 | 4.07 | 75.60 | |
TL23-668 | 121.45 | 128.75 | 7.30 | 1.14 | 3.20 | |
including | 128.00 | 128.75 | 0.75 | 6.80 | 18.90 | |
TL23-672 | 182.00 | 218.00 | 36.00 | 0.35 | 7.92 | |
including | 195.10 | 195.70 | 0.60 | 1.07 | 51.30 |
Note: Reported intervals are drilled core lengths and do not indicate true widths. |
Complete gold and silver results from the 2022 and 2023 exploration-focused drill program at the Far East can be found here on the
QA / QC
The Company has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the CIM Exploration Best Practices Guidelines. The drill core is sawn in half with one-half of the core sample dispatched to
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