Goldseek Resources Inc (CSE:GSK) reported Thursday that it had now completed its extended drill program at the Bonanza property at the Urban Barry camp in Quebec and noted encouraging visual observations from two holes as it awaits assays, expected in February this year.
In December last year, 15 diamond holes were completed on the IP and magnetic anomalies.
READ: Goldseek Resources begins its initial drill program at the Bonanza property in Quebec
Two holes were sunk to hit mineralization that may be associated with the gold anomaly found at surface in a trench, which found 0.64 grams per ton (g/t) gold over 1 metre (m), the company noted.
One hole was expected to hit the surface extension close to surface and found two mineralized intersections that may well be associated with the trenches, while another hole was expected to hit the surface mineralization extension at around 30m to 50m depth. Mineralization of interest was found between 31.2m and 31.9m and between 43.25 and 50.15m, Goldseek said.
The drilling also revealed other intersections with significant mineralization along targeted anomalies, it added.
"We are excited to announce that our drill program was extended due to encouraging visual observations and the 1,800m program is now complete," said Goldseek's president and CEO Jon Deluce.
"We were encouraged to see more sulfide contents in the intersections below surface compared to the mineralization seen in the trenching program. Due to large backlogs, assay turnaround times in the industry are slower than normal, but we expect to report results in late February."
Goldseek said 586 samples in all were collected and sent to the lab for gold and metal assaying in Val d’Or.
The company says its mission is to find the next major discovery in the mining camps of Urban Barry, Quevillon, Val D’Or, and Detour Gold Trend in Quebec and Hemlo in Ontario.
Contact the author at giles@proactiveinvestors.com