Drilling Results details Specific comments on significant results reported in this press release are as follows:
SA20-443 intersected 62.04 g/t Au and 28.55 g/t Ag over 2 m (1.5 m estimated true width). SA20-443 was drilled to test the strike projection of the quartz vein identified in previous trenching and drilling programs (see attached drill plan and sections). The hole is located 26 m along strike to the southwest from discovery hole AR11-12, which intersected 22.74 g/t Au over 8.0 m, including 9.67 g/t Au and 16.6 g/t Ag over 3 m and 43.66 g/t Au and 130.6 g/t Ag over 3.5 m (see press release dated September 19, 2013).
Trench SA13-TR11-EXPPIT#1 located approximately 160 m along strike and to the southwest of SA20-443 (see attached drill plan) exposed a vein with a true width of 1.8 m grading 13.94 g/t Au and 18.9 g/t Ag, indicating additional strike potential which will be tested with drilling this year.
Detailed mapping of the area has identified multi-stage deformation structures, with the latest deformation event represented by NE-SW faulting. The current interpretation indicates the faults may have displaced the vein in a manner that has upthrown blocks across the faults bringing the mineralized zone closer to surface than the previous down dip projections.
SA20-TR-51 encountered a high-grade vein with a vertical sample (estimated true width) grading 29.40 g/t Au and 28.0 g/t Ag over 0.7 m and appears to indicate the potential of another near surface vein with a strike length of at least 120 m (see attached drill plan).
Overall geologic mapping, surface sampling and limited drilling has identified a prospective area at the SW Zone measuring approximately 400 x 400 m, which is roughly the size of the current MDA Resource footprint. A detailed understanding of the geometry and geology is critical to expanding mineralized zones for future mineral resource additions. This area is complex, with localized faulting, and will require close spaced drilling which the Company plans to conduct this year.
An aggressive drilling program is planned for the area with the objective of identifying additional resources within the currently permitted pit limit. Approximately 7 kilometers of drill roads have been prepared for the upcoming drilling program.
The SW Zone currently remains open at depth and along strike (see attached sections). Since 2020, the Company has only drilled a total of 371.30 m in 9 drill holes. Several drill holes have encountered mineralized intervals with visible gold. The Company anticipates receiving results in the coming weeks from remaining drill holes and will be released in due course.