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Goldseek Resources begins its initial drill program at the Bonanza property in Quebec

The company’s current drill campaign follows the completion of an IP geophysical ground survey, which defined geophysical conductors and chargeable anomalies on the Bonanza property

Goldseek Resources Inc. -
Goldseek Resources says the presence of gold in its trenching results shows that the system is gold bearing

Goldseek Resources Inc (CSE:GSK) (CNSX:GSK.CN) announced that it has commenced its maiden 1200 metre (m) drill program at the Bonanza Property, which is part of Quebec’s Urban Barry mining camp.

The company’s current drill campaign follows the completion of an IP geophysical ground survey, which defined geophysical conductors and chargeable anomalies on the Bonanza Property.  

In a staatment, Goldseek Resources CEO Jon Deluce said: “We are very excited to kick off our maiden 1,200M drill program at Bonanza. Over the past six months, we completed our first two phases of exploration leading up to drilling on time and under budget, so I thank our technical team for all of their hard work! The presence of gold in our trenching results shows that the system is gold-bearing, and we look forward to exploring the anomalies at depth. Upon any positive observations/results, the company is well funded to extend the drill program if warranted.”

READ: Goldseek Resources has four shots at goal at some of Canada's best known gold exploration camps

The company said some of the anomalies closest to surface were tested during the trenching campaign, while the deeper anomalies will be tested during the current drill program. It added that the trenching results will be released once the final compilation of the data is complete.

Goldseek noted that channel sampling had identified a gold anomaly of 0.644 grams per tonne (g/t) gold over one meter, which it said is associated with two additional anomalies in adjacent channels. It added that the gold anomaly defined during trenching is located in the vicinity of a low magnetic anomaly and also over defined IP anomalies.

The company believes the IP grid area will host the source of till sample gold and metal anomalies that were sampled during summer 2020, which it anticipates is “favourable for gold mineralization.” As a result, it is planning 16 diamond drill holes over the IP grid, which is expected to be modified depending on the field observations.

Goldseek Resources, which began trading in March, has four wholly-owned exploration projects in currently active Canadian gold camps, namely, the Hemlo camp, the Detour Gold Trend, Urban Barry and Quevillon. The company has contiguous claims spanning 12,000 acres in the Urban Barry camp, where 7.1 million ounces of gold have been discovered to date.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Goldseek Resources Inc.

Price: 0.27 CAD

CSE:GSK
Market: CSE
Market Cap: $8.03 m
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Goldseek Resources gets drills turning as maiden program at the Bonanza...

Goldseek Resources (CSE: GSK) President and CEO Jonathon Deluce joined Steve Darling from Proactive with news the company is beginning their maiden drill program at their Bonanza Project. Deluce telling Proactive they plan on working at the Urban Barry Gold Camp and the program will focus on

on 8/12/20

2 min read