VANCOUVER, Sept. 15, 2016 /CNW/ - Intact Gold Corp. (TSX-V:
ITG) (FSE: 1A5) (the "Company" or "Intact Gold"), is pleased to announce that the company has received results from its initial
field program on the Blackjack Project including 15.42 g/t Au.
Fourteen samples were submitted to SGS Laboratories for geochemical analysis during the initial 2016 field program. The samples
were collected to verify the presence of mineralization and begin to compile geochemical signatures of mineralized veins and
country rock. Of these samples, 8 reported gold values above 24 ppb. 4 samples with greater than 1 g/t Au were resent for assay
using a metallic screening process to better represent coarse gold mineralization. The results showed that there is a coarse
gold component in the known veins at the Blackjack Project.
|
Sample ID
|
Gold by Fire
Assay with
Metallic
Screening
|
Gold by Fire
Assay Without
Metallic
Screening
|
Copper
ICP-MS
|
Silver
ICP-MS
|
|
K934662
|
15.42 g/t
|
14.92 g/t
|
160 ppm
|
17.1 g/t
|
|
K934661
|
2.75 g/t
|
2.86 g/t
|
1150 ppm
|
1.2 g/t
|
|
K934658
|
1.66 g/t
|
3.57 g/t
|
6010 ppm
|
12.7 g/t
|
|
K934657
|
1.45 g/t
|
1.31 g/t
|
2620 ppm
|
2.06 g/t
|
|
K934651
|
|
0.031 g/t
|
969 ppm
|
1.08 g/t
|
|
K934653
|
|
0.256 g/t
|
29.2 ppm
|
0.05 g/t
|
|
K934663
|
|
0.024 g/t
|
45.8 ppm
|
0.2 g/t
|
|
K934664
|
|
0.384 g/t
|
133 ppm
|
0.04 g/t
|
About the Blackjack Property:
The Gold Hill Blackjack property is located in the townships of Kirkup and Manross in the Kenora mining division of Ontario. The property is approximately 20
kilometers southeast of the city of Kenora, Ont., and is accessible from Highway 17 east to the
Storm Lake Road. The property consists of one claim made up of 15 claim units, comprising a total of 600 acres.
The property comprises the former Gold Hill gold property (four shafts) and Blackjack property (one shaft), both past producers,
as well as the Golden Gate gold prospect (one shaft) and the Combination Vein gold prospect (one shaft). The Blackjack, Gold Hill,
Golden Gate and Combination Vein properties were all mined in the late 1800s. Work ceased in 1899 when the mill at the Gold Hill
mine burned down.
Gold Hill has a reported historical production of 220 tons, grading 4.95 ounces per ton gold, for a total production of 1,089
ounces of gold, and Blackjack produced a historical bulk sample of 50 tons at 0.33 ounce per ton gold. Historically, at Gold Hill,
gold occurs mainly in the Pebble Vein zone, a series of quartz veins in a shear zone hosted by mafic volcanics within 1.6
kilometers of the western edge of the Dryberry batholith. This batholith appears to be similarly mineralized along its entire
western contact. The company is currently planning a preliminary exploration for the 2016 season to gain a better understanding of
this mineralization on the property.
Due to the historical nature of the production estimates, Intact Gold is not treating these estimates as verifiable. A current
National Instrument 43-101 report by a qualified person has not yet been compiled for the property, though a future exploration
program will involve mapping and sampling the historical workings.
From 1983 through 1991 the project area saw methodical exploration work as summarized in the following table:
|
|
|
|
|
Year
|
Company
|
Reports
|
Summary of Notable Work Performed
|
|
1983-
1984
|
Bonzano
Exploration
|
52E09NW0019,
52E09NW0022,
52E09NW0023,
52E09NW0024
|
-38 rock samples, 8 week surveying and mapping
program with a crew of two
-200ft line spacing, with 25ft station spacing ground
magnetometer survey
|
|
1985-
1987
|
Kidd Creek Mining
|
52E09NW0017,
52E09NW0016
|
-Geophysics (line-cutting, aeromagnetic survey in two
directions, ground VLF-EM-16 and ground magnetics, I.P)
-Detailed mapping, prospecting and trenching
-325 grab and channel samples from property and
surrounding area
|
|
1988
|
Core Exploration
|
52E09NW0013
|
-116 grab samples collected
|
|
1988-
1990
|
G. Zebruk and E.
Hanson
|
52E09NW0014,
52E09NW0004,
52E09NW0007
|
-Two diamond drill holes GH-90-1 (100 ft.) and GH-90-2
(104 ft.) targeting the combination and pebble veins
respectively.
|
|
1991
|
William Yeomans
|
52E09NW0015
|
-Ontario prospecting grant (OP91-643)
-Relocation of grids, trenches and channel sample locations
from 1985 program.
-21 grab and chip samples taken for verification
-prospecting of area
|
|
|
|
|
Results of these historic exploration programs are currently being interpreted and compiled into a database for use in planning
further exploration on the project.
For more information about Intact Gold Corp or the Blackjack Property please visit www.intactgold.com
Qualified person
Brandon Macdonald, P.Geo, is the qualified person as defined in NI 43-101, that has reviewed and
approved the contents of this press release. The contained information regarding past production is historical in nature and has
not been confirmed.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD CORP.
Per: Anthony Jackson, President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of
applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur.
Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management
regarding the acquisition of the Property. Although the Company believes that the expectations reflected in the forward-looking
information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking
information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially
from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary
to make its payments pursuant to the Agreement, that the TSX-V may not approve the transaction, and other factors beyond the
control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update
any forward-looking information in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Intact Gold Corp
