Goldseek Resources Inc, a diversified metals developer, said it identified four gold zones using 3D modeling of gold mineralization drilled to date at the Beschefer project in Quebec.
Beschefer is located roughly 30 kilometers southwest of Wallbridge Mining’s Fenelon Gold project, a precious metals property with the potential to host a multi-million-ounce gold deposit.
Earlier this year, Goldseek entered into an option agreement on the Beschefer project, allowing the explorer to earn 100% of the project over 4-years from Wallbridge.
READ: Goldseek Resources adds base metal potential to Beschefer gold project in Quebec after historical re-assaying
According to Goldseek, the four newly discovered gold zones were both identified and modeled to 500 meters (m) at dip and 1,000 meters at strike, open in all directions.
Additionally, there is currently a 5,000-meter drill program underway to infill and extend the known gold zones.
"The identification of 4 gold zones within the 3D model continues to demonstrate our understanding of the gold system and that it is near-resource stage,” Goldseek's President & CEO Jon Deluce said in a statement.
“Our current 5,000m program is focused on infill and extension on the Central Shallow and high-grade East Zones. We look forward to providing updates on our drill program, with first results expected out in October.”
Beschefer is an advanced gold exploration project with significant near-term resource potential, benefiting from a high density of drilling.
Highlights from the best intersections at the property include:
- 55.63 grams per ton (g/t) gold over 5.57 metres in hole BE13-038 (including 224 g/t over 1.23m; 13.95 g/t over 0.68m and 13.70 g/t over 0.73m),
- 13.07 g/t gold over 8.75 metres in hole B12-014 (including 58.5 g/t over 1.5m), 3.56 g/t gold over 28.4 metres in hole B14-006 (including 7.42 g/t over 5.5m),
- 10.28 g/t gold over 8.00 metres in hole B14-35 (including 86.74 g/t over 0.60m), and 12.40 g/t gold over 3.78 metres in hole B11-003. True width in these sections vary between 89% and 99% of the intercepted width.
“The mineralization shows high-grade gold-bearing structures hosted in a lower grade envelope. The associated structure and alteration system highlight the potential along the Beschefer trend and unexplored parallel structures,” the company said.
Goldseek also noted that continuous large-scale gold-bearing structures are regionally known on the property environment, located near the polymetallic former Selbaie Mine.
The base metal potential of the Beschefer property, even if historically recognized, has never been thoroughly explored.
Contact the writer at georgia@proactiveinvestors.com
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