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GOLD79 Samples 2.53 g/t Gold over 25.4 m from the Underground Workings at the Tyro Mine on the Gold Chain Project28.04.2022 | 13:00 Uhr | Newsfile
Ottawa, April 28, 2022 - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has a completed a mapping and sampling program of the 200 foot level ("200L") of the Tyro mine. Results from the chip-channel sampling returned similar grades and widths to the fall 2021 drill program, approximately 600 metres south of that drilling. Sampling highlights:
Mr. Derek Macpherson, President & CEO stated, "These results continue to demonstrate the potential of Tyro. These near-surface broad zones of gold mineralization of greater than 2 g/t gold from the historical underground workings, coupled with similar broad zones of greater than 1 g/t gold 600m along strike, suggest that Tyro has the potential to become a meaningful open-pit deposit. Importantly, this is just one of multiple targets on our large land package in the Oatman District." Summary
To view an enhanced version of Figure 1, please visit: Production records from the Tyro mine have not been identified. Prior to 1923, the Tyro shaft was sunk to a depth of 500 feet and limited development occurred on the 200L (see Figure 3) and appears to have followed high-grade veins parallel to the breccia zone. Development, aside from the shaft, did not occur below the 200L. As recently as the 1980's, mining occurred along the surface exposures of the vein over a strike distance of about 400 metres and a decline was sunk below the southern breccia zone (Figure 3). Stopes here suggest that mining was very selective and the majority of the mineralized rock, as observed on the 200L and in the 2021 drilling campaign, was left in place. Sampling occurred approximately 600 metres from the drilling completed in fall 2021; an updated long section is shown in Figure 2.
To view an enhanced version of Figure 2, please visit: Sampling Results: Table 1: Summary of Composite Samples
Note: All chip samples are a 'best effort' to acquire a representative amount of material across the sampled interval but do not achieve the quality that would be provided by core or reverse circulation drilling. Geologic Results from Mapping
To view an enhanced version of Figure 3, please visit: Additional Drill Results from Fall 2021 Drill Program Table 2: Updated Assay Results from GC21-14, at the Tyro Vein System
To view an enhanced version of Figure 4, please visit:
To view an enhanced version of Figure 5, please visit:
To view an enhanced version of Figure 6, please visit: Qualified Person / Quality Control and Quality Assurance Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company's Vice President, Exploration is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release. Mr. Johansing has also been responsible for all phases of sample collection, labelling, bagging and transport from the project to American Assay labs of Sparks, Nevada. Samples were then dried, crushed and split, and pulp samples were prepared for analysis. Gold was determined by fire assay with an ICP finish, over limit samples were determined by fire assay and gravimetric finish. Silver plus 34 other elements were determined by Aqua Regia ICP-AES, over limit samples were determined by fire assay and gravimetric finish. Standard sample chain of custody procedures were employed during field work until delivery to the analytical facility. About Gold79 Mines Ltd. Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project located in Arizona, USA. In addition, Gold79 holds two projects with minority interest being a 36.6% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Ltd. and a 20% carried interest in the Taviche Project in Oaxaca, Mexico now under option to Fortuna Silver Mines Inc. For further information regarding this press release contact: Book a 30-minute meeting with our CEO here. Stay Connected with Us: FORWARD-LOOKING STATEMENTS: This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any private placement financings, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121897 Dieser Artikel stammt von Rohstoff-Welt.de
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