TSXV:NCX - Post Discussion
Post by
Betteryear2 on Nov 23, 2021 8:02am
Begins Extensive Surface Exploration Program and Drilling
Highlights:
- Newly approved $1.8 million budget including surface TerraSpec clay mapping, wireless induced polarization and ground magnetometer geophysics program totalling over 60 line kilometers
- Targeting Macintosh, Pemberton Hills, Northwest Expo, Red Dog, and Goodspeed
- The objective is to vector into potential mineralization which, combined with 2021 drill results and TerraSpec clay mapping will provide drill targets for 2022 programs
- Wireless IP eliminates line cutting requirements in previously un-surveyed areas, thus reducing the environmental impact
- Drilling at Hushamu commenced on November 22 following receipt of multi-year permit
- Permit covers all required activities for completion of a pre-feasibility study
- The adjacent Macintosh target, as defined by a 2,400m by 1,500 silica-clay-pyrite alteration surface expression, is also within the permit area and will be prioritized for geophysical work
- Northwest Expo and Red Dog drill programs concluded for 2021; assays are pending
- Historical drilling at Northwest Expo identified significant gold intercepts within porphyry mineralization
- The completed 2021 drilling was targeted to confirm and extend a potential gold-rich zone as well as adjacent untested volumes hypothesized to contain porphyry mineralization at Northwest Expo
- Drill holes NW21-03, NW21-04, NW21-05 and NW21-08 intersected significant CMG (chlorite-magnetite) alteration, which in the Hushamu deposit carries the most significant grades
- Assays for these holes have been prioritised and results are expected in December
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