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.”
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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
