Ready Set Gold Corp (CSE:RDY) revealed on Tuesday that its Phase 1 diamond drilling program has recently begun at the company's flagship Northshore Gold project in the prolific gold producing Schreiber-Hemlo Greenstone Belt, near Thunder Bay, in Ontario.
The Toronto-based exploration company said that three drill holes have been completed to date.
"The company has concluded, through its 2020 fieldwork and its geological review/modelling of historical exploration data, that the Northshore project remains underexplored and offers tremendous exploration upside potential,” said Ready Set Gold CEO Christian Scovenna.
READ: Ready Set Gold reports results from its 2020 Fall Exploration Program on the Northshore Gold project in Ontario
“This first drill program is an important step towards confirming historical work as well as growing the value at Northshore for shareholders," he added.
A primary focus for the first phase of the 3,000-metre program is to define the gold grade continuity of the Afric Zone to help in the further development of the geological model.
“The drilling will advance the company's efforts towards defining a NI 43-101 mineral resource on the Afric Zone and will evaluate potential extensions to the east and the west and to depth,” said the company. The program will also test, relatively untested, parallel east-west vein systems, to the north of the Afric Zone, such as the Number 4, Number 5, Gino and Main veins.
The Phase 1 program, which has been contracted to Niigaani Drilling of Thunder Bay, is planned for around 15 HQ size diamond drill holes and is expected to take up to two months to complete. The sawed (halved) drill core will be batched and sent for assay throughout the program. Results will be released once data has been received and compiled, said the company.
Ready Set Gold now owns a 100% interest in the Northshore Gold property, which is one of Ontario's largest undeveloped prospective gold projects.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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