Burin Gold Corp V.BURG

News release...

[zack50]

Burin Gold continues to drill broad zones of gold mineralisation including 36.00 m of 1.08 g/t Au at Hickey’s Pond, Newfoundland

Vancouver, Canada, July 7th, 2022 – Burin Gold Corp. (“Burin Gold” or the “Company”) (TSX-V: BURG) is pleased to announce gold assay results from an additional fifteen holes on the Company’s 2022 diamond drilling program at its 100%-owned Hickey’s Pond – Paradise Gold Property, southeastern Newfoundland, Canada.

Highlights

• 36.00 m of 1.08 g/t Au including 12.00 m of 2.27 g/t Au in HP-22-019, 13.40 m of 0.65 g/t Au in HP-22-009, 16.00 m of 0.98 g/t Au in hole HP-22-017
• Broad zones of gold mineralisation now reported over 600 m of strike
• Large high-sulphidation epithermal gold system open along strike and to depth
• Nine drill holes with assays pending at Tower, a large previously untested zone of high-sulphidation alteration located 11 km SW of Hickey’s Pond

David Clark, Burin Gold’s CEO, commented: “I'm very encouraged by the results of this year's drilling to date at Hickey's Pond. We continue to intersect broad zones of epithermal alteration and gold mineralisation. Extending our exploration along the 7 km strike of the geophysical anomaly at Hickey's Pond will be a priority for future drilling, as well as building a solid geological model around the existing drilling to help vector towards potential zones of higher-grade mineralisation.”

These new results, along with previously reported highlights of 16.00 m of 1.57 g/t Au in HP-22-011, 10.65 m of 1.14 g/t Au in HP-22-008, 10.50 m of 1.37 g/t Au in HP-22-013, announced on April 20th, 2022, represent the first twenty-two holes drilled at Hickey’s Pond to date this year.

A diamond drill was mobilised to the Tower prospect on May 23rd, 2022, located 11 km SW of Hickey’s Pond. This is a large zone of high-sulphidation alteration with historical surface gold mineralisation that has never been drilled. 1,845 m over nine holes has tested the zone across a strike of 850 m, with assays pending. All holes have intercepted zones of epithermal alteration.

Assay results for Hickey’s Pond drilling program

Gold fire assay results have been received for all twenty-two holes drilled in the Company’s 2022 winter program. Composited length-weighted gold assay results for significant intervals are given below in Table 1. Collar location and orientation data are given in Table 2.
 
Table 1: Composited gold intercepts for all drillholes completed during the Company’s 2022 Hickey's Pond exploration drilling program. Intercepts in bold are new in this release, all other intercepts have been previously reported. True thickness is reported when sufficient drilling information exists to permit an estimate, based on the assumed dip of the shear zone, the attitude of the drill hole, and intercepts in nearby drill holes.

A plan map is given in Figure 1, showing the drill collars and traces for all holes completed during the Company’s winter 2022 program, as well as the holes completed by the Company in its scout 2020 program. Two schematic sections are shown in Figure 2 and Figure 3 showing selected 2022 results in the area of Hickey’s Pond. Mineralisation is associated with boudinaged quartz-hematite-alunite alteration and quartz-hematite breccias hosted within a northwest-dipping shear zone. The sections show mineralisation is continuous along strike and open to depth.

Figure 1: Plan map of diamond drill hole traces around the Hickey's Pond showing

Figure 2: Schematic section through the Hickey's Pond system, section A-A' (see plan map). True thickness of intercepted mineralisation is not well constrained by drilling, but the intercept is assumed to be oblique to the dip of the mineralisation. The interpretation here assumes that mineralisation drilled in HP-22-019 is contiguous and downdip of the Company’s 2018 surface channel result of 7.00 m of 3.42 g/t Au, but the Company has not completed sufficient drilling on this section to constrain and estimate true thickness.

Figure 3: Schematic section through the Hickey's Pond system, section B-B’ (see plan map).

The Hickey’s Pond system has now been tested over 600 m of strike length, and drilling has intercepted broad zones of significant gold mineralisation in many holes. Ongoing exploration drilling will continue to expand the footprint of mineralisation by extending drilling along the large 7 km geophysical anomaly that Hickey’s Pond is centred over, and explore for zones of higher grade within this large mineralised system.

Summer drill program

The Company has outlined several high-priority targets on its large land package and has completed geochemical, geological, and geophysical surveys to better characterise them. Each of these targets represents a centre of epithermal activity which could represent significant mineralisation in the subsurface, and none of them have ever been drilled historically.

The first of these targets to be drilled is Tower, located approximately 11 km to the southwest of Hickey’s Pond, and the first target on the property to be tested outside of Hickey’s Pond. A plan map showing drill collars and traces for drill holes completed at Tower to date is given in Figure 4. A total of 1,845 m of diamond drilling in nine holes have tested the Tower system over 850 m of strike length. All holes have intercepted epithermal alteration consistent with current geological models for these types of epithermal systems. Quartz-alunite schists, quartz breccias and quartz-hematite breccias have been intercepted across the entire length of the system which is open along strike and to depth. The Company will report assay results as soon as they are delivered and have passed internal quality control and cautions that until assay results are received it is not possible to determine whether the high-sulphidation alteration intercepted in the drill holes at Tower contain gold mineralisation or not.

Figure 4: Plan map of diamond drill hole traces around the Tower showing

Sampling, quality assurance & quality control

NQ-sized core samples with nominal lengths of 1.0 m were sawed longitudinally in half. Half-core samples were collected for assay, and the remaining half-core returned to the core box. Appropriate geochemical standards spanning a range of gold concentrations (OREAS North America Inc.), geochemical blanks (locally sourced granite), as well as sample duplicates were introduced into the sample stream following industry best practice guidelines. Core samples were delivered by Company personnel to Eastern Analytical Ltd., Springdale NL, for gold fire assay analysis. The entire sample is crushed, an appropriate subsample pulverised, and a 30 g gold fire assay with atomic absorption instrumental finish performed. 

Drill hole collar information

Table 2: Hole collar location data. Positional data is given in UTM zone 21 projection, NAD83 horizontal datum, and CGVD28 HTv2.0 vertical datum. Azimuths are given in degrees relative to UTM north, and inclination in degrees.

[MuttleyKnows]

The quote below is what I find to be immediately exciting.  The next major target they are drilling is Tower across 850 strke.  If we hit something, it will be a game changer.  Fingers crossed. "A diamond drill was mobilised to the Tower prospect on May 23rd, 2022, located 11 km SW of Hickey’s Pond. This is a large zone of high-sulphidation alteration with historical surface