Edgemont Gold drills 146 m of 0.14 g/t Au at Dungate EDGEMONT DRILLS STRUCTURALLY CONTROLLED GOLD ZONES AT DUNGATE COPPER-GOLD PORPHYRY PROJECT; GOLD INTERSECTIONS INCLUDE 146M OF 0.14 G/T AU
Edgemont Gold Corp. has released assay results from its recent phase II drill program at the Dungate copper-gold porphyry project, where a total of five holes totalling 2,063 metres were drilled in the spring of 2022. Dungate is located six kilometres south of the town of Houston in the Omineca mining division of British Columbia.
Highlights from this drilling include:
- Hole DG22-09: 146 metres of 0.14 gram per tonne gold, including six metres of 0.50 gram per tonne gold and seven metres of 0.46 gram per tonne gold (this intersection was at end of hole);
- Hole DG22-10: 61 metres of 0.08 per cent copper, 0.008 per cent molybdenum, including 12 metres of 0.10 per cent copper, 0.012 per cent molybdenum and 12 metres of 0.33 gram per tonne gold (this intersection was at end of hole);
- Hole DG22-11: 42 metres of 0.12 gram per tonne gold, including 18 metres of 0.14 gram per tonne gold, 0.78 gram per tonne silver, 0.07 per cent Cu and 0.012 per cent molybdenum and 34 metres of 0.015 per cent molybdenum, including eight metres of 0.023 per cent molybdenum.
In addition, additional assaying of hole 2021-04, drilled in 2021, returned an interval of 55 metres of 0.20 gram per tonne gold (previously reported as 27 metres of 0.24 gram per tonne gold).
The target for this drill program was following up on structurally controlled gold zones discovered in the 2021 phase 1 drill program (see March 28, 2022, news release). These zones were associated with coincident magnetic and IP (induced polarization) anomalies within and proximal to a highly altered and sulphide mineralized quartz feldspar porphyry (QFP) intrusion. QFP was intersected in four holes of this phase 2 program, with hole DG22-08 intersecting a 279-metre zone (261 metres to 540 metres) of complete quartz-flooded replacement of what is interpreted as intermediate volcanics. Unfortunately, this quartz zone was not mineralized.
Gold mineralization was encountered both in the host volcanics adjacent to the QFP and within the QFP intrusive, which generally had 2 per cent to 10 per cent sulphides occurring as disseminations, replacements, fracture fillings and veins and as breccias. The surrounding volcanic host rock to the intrusion was also variably altered, presumably by the proximity to the QFP intrusive.
Broad anomalous copper and molybdenum intervals were intersected in the heart of the QFP, indicating pervasive mineralization, but with no higher-grade concentrations (greater than 0.20 per cent copper) were encountered.
Significant drill results are as shown in the attached table (in general -- gold zones greater than 0.10 gram per tonne gold with anomalous silver, copper and molybdenum).
Drill results from 2022 have confirmed the structurally controlled gold mineralization indicated in the 2021 program with gold deposition on the periphery of the QFP and into the adjacent volcanic host rocks. In the opinion of Edgemont management, economic intersections of gold have not yet been encountered. Due to the wide spacing of the current drilling, it is unknown whether a higher concentration of gold exists lateral to the currently intersected zones. Edgemont continues to assess these latest drill results, along with prior data, and will provide an update on future exploration plans at Dungate in due course.
Technical appendix
This news release reports the assay results from five drill holes, from which 871 core samples were assayed. The company inserted certified standards and blanks into the sample stream as a check on laboratory quality control (QC). Drill core samples are cut by diamond saw at a core facilities in Houston, B.C. A halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra personnel in securely sealed bags to MSALABS in Terrace, B.C., for crushing and grinding and then transported to MSALABS's analytical facility in Langley, B.C. Ground and were subjected to 30-gram fire assay with AA finish (FAS-111) and multielement ICP-ES (ICP-130) aqua regia analysis (34 elements). MSALABS routinely inserts certified standards, blanks and pulp duplicates, and results of all QC samples are reported.
Because of the wide spacing of drill holes, the orientation of the mineralized zones reported here is not known, and Edgemont has not interpreted true thickness.
The technical information contained in this news release has been approved by Joseph Campbell, PGeo, a director of Edgemont, who is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Edgemont Gold Corp.
Edgemont is actively exploring the Dungate copper/gold porphyry project located just six kilometres southeast of Houston, B.C., in a region with a history of successful mining projects, including the Equity silver mine, Imperial Metals' Huckleberry mine and the more recent gold-silver discovery at Sun Summit Minerals' Buck project, which sits just seven kilometres to the south.
Having acquired an interest in its initial claims at Dungate in 2018, the company now holds five mineral tenures covering 1,582.2 hectares that can be explored year-round by all-season roads.