Goldseek Resources Inc released an update for its ongoing 5,000-meter (m) drill program at the Beschefer gold project in Quebec.
The drill program which began in early August is nearing completion as the company finishes the final holes.
“All holes have intersected the B14 gold-bearing shear zone structure between 100m and 250m deep using varied spacing between historical holes and newly drilled targets,” the company statement read.
READ: Goldseek Resources identifies four gold zones at Beschefer project in Quebec
The 5,000-meter drill program was designed to validate high-grade intervals obtained historically, complete infill drilling on the gold zones and target the expansion of the modelled lenses.
The B14 gold-bearing shear zone is described as a 14m to 30m thick interlayered package of mafic to felsic volcanic affected by a strong ductile fault or mylonite. Data collected here indicates a dip of 30 to 60 degrees to the southeast.
“We are excited to be hitting the targeted mineralization in all holes which is a testament to the continuity of the gold system and near resource potential,” Goldseek's President & CEO Jon Deluce said in the statement.
Deluce went on to note that samples have started going into the lab with the results from the first batches expected to be released in October.
“Drilling will be finished shortly and upon release of results we will finalize plans for a follow-up winter drill program,” he said.
Highlights from the best intersections at Beschefer include:
- 55.63 grams per ton (g/t) gold over 5.57m 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 meters in hole B12-014 (including 58.5 g/t over 1.5m);
- 3.56 g/t gold over 28.4 meters in hole B14-006 (including 7.42 g/t over 5.5m);
- 10.28 g/t gold over 8.00 meters in hole B14-35 (including 86.74 g/t over 0.60m); and
- 12.40 g/t gold over 3.78 meters in hole B11-003. True width in these sections vary between 89% and 99% of the intercepted width.
According to Goldseek, the mineralization shows high-grade gold-bearing structures hosted in a lower grade envelope, which highlights the regional potential along the already defined shear zones located on the property.
In addition to the Beschefer property, the gold explorer also has a portfolio of assets located in Ontario and Quebec.
Contact the writer at georgia@proactiveinvestors.com
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