EDGM provides update on drill program underway at DungateEdgemont provides update on drill program underway at Dungate copper-gold porphyry project, Houston, B.C.
May 17, 2022 – Vancouver, B.C. – Edgemont Gold Corp. (CSE: EDGM, FRA: EG8) (“Edgemont”) is pleased to provide the following update on the Phase II drill program currently underway at the Dungate copper-gold porphyry project located 6 km southeast of the town of Houston. Two holes totallng 1,058 m have now been completed with a third hole now underway.
This Phase II drill program began on April 28 and is following up on widespread anomalous copper and gold mineralization identified during Phase I drilling. Edgemont is fully funded for this drill program, with approximately $1.2 million in cash on hand as of today’s date.
The first drill hole of this program (“DG22 -08”) tested a hidden intrusive identified by magnetic surveys under overburden to the north of the Quartz Feldspar Porphyry (“QFP”) tested during Phase I drilling in 2021. This is the first drilling ever conducted on this target, which was tested to a vertical depth of over 500 metres. The target is a strong magnetic anomaly with a pronounced central ushaped depleted magnetic signal. The hole was designed to cross the depleted magnetic signal and pass into the adjacent high magnetic anomaly. Drill core is being logged and sampled and the first samples for assay have been shipped to the assay lab.
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