Goldseek Resources Inc said it has received the maiden drill results from the 2021 program at the Bonanza property in Quebec.
The precious metals explorer with properties in Quebec and Ontario used the data from the maiden drill to finalize its follow up plans for the property.
Paired with information from a soil survey conducted in 2020, the company is zeroing in on three targets. Target 2 and Target 3 have seen limited exploration and will be subject to a follow-up program, which will consist of a geological cartography survey and boulder prospecting to better determine the potential host of the previously defined soil anomalies.
READ: Goldseek says a new 5,000-meter drill program will extend high grade gold zones at Beschefer
“Going forward at Bonanza, we will focus on a systematic exploration assessment of Target 2&3 ahead of any future drilling,” Jon Deluce Goldseek's president and CEO said in the statement.
He continued: “Grassroots exploration takes time to develop strong drill targets and now, with our flagship Beschefer Project, we are in a better position to systematically develop our grassroots portfolio and complete the necessary preliminary work before drilling specific targets. This will increase our chances of making a grassroots discovery while using our capital more effectively. Drilling at Beschefer is going well; we look forward to keeping everyone updated on our progress.”
Target 1 is located northwest of the iron formation and was subject to trenching and drilling on multiple IP geophysical anomalies this year. A total of 1,800 meters of drilling was completed, representing 15 shallow drill holes.
“No significant gold results were found in the 586 samples assayed, and the source of the soil anomaly remains unexplained at this time,” read the statement. “A follow-up will be done on the channel samples that resulted in 0.64 g/t over 1m to better define the mineralization associated with the gold anomaly.”
Target 2 located near the center of the property is a polymetallic zone defined by precious and base metals as well as trace element anomalies in the soil samples.
The company noted that this anomaly is located close to the historical boulder discoveries (outside of the property) that assayed 9.2 grams per tonne (g/t) gold + 1.8% copper and 6.2 g/t gold + 0.85% copper.
Goldseek plans to prospect in this area for other similar boulders to define a potential local source.
Lastly, Target 3 located in the southern part of the property is defined by the same polymetallic makeup. A rock sample taken in an outcropping quartz vein inside tonalite has been assayed and returned anomalous values of 13 parts per billion (ppb) gold, 1.77 parts per million (ppm) silver associated with 53.7 ppm bismuth, 3.3 ppm molybdenum, 2.82 ppm niobium and 1.03 ppm tellurium.
The precious metals company will perform additional soil sampling and prospecting in this part of the property.
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