MAS Gold Corp (TSX-V:MAS, OTCQB:MSGCF) said it has completed drilling at the North Lake Deposit on its wholly-owned Preview North property in the La Ronge Gold Belt, in Saskatchewan.
The Canadian mineral exploration company focused on gold exploration projects in the prospective La Ronge Gold Belt, said a total of 4,123.5 meters (m) were completed over 34 diamond drill holes (DDH). Samples are currently being processed and delivered to SRC Lab in Saskatchewan’s Saskatoon city.
The drill program was successful in completing 24 infill drill holes, four twin drill holes, and six exploration drill holes. A total of 3,759 samples were sent for assay with 3,256 being core samples and 503 additional samples reserved for Quality Assurance and Quality Control (QAQC).
A robust QAQC program was implemented at the start of the drill program at the North Lake Deposit and all the drill holes were successful in intersecting the felsite unit (also mapped as Arkose), which is known to host previously intersected mineralization hosted in broad zones of sheeted quartz veins. DDH NL22-081 and NL22-083 were successful in extending the felsite by 80m to the northeast and DDH NL22-101 was successful in extending felsite by 50m to the southwest.
"In addition to implementing an aggressive QAQC program the MAS geological team was able to successfully extend the felsite host by 80m to the northwest and 50m to the southwest," MAS Gold CEO Jim Engdahl said in a statement. "We are excited to initiate our next phase of drilling on the Point Deposit and the Preview SW Deposit."
MAS Gold said the drilling is expected to continue in March as the next phase of the program transitions to the Point Deposit and the Preview SW Deposit. One drill rig is currently operating at the Point Deposit on MAS Gold's Preview-North property and has completed three holes (RM22-057 through RM22-059) for a total of 584m with one drill hole in progress (RM22-060).
Point Deposit
The 800m drill program is currently ongoing at the Point Deposit and is designed to:
- Test three high-priority targets identified during the 2019 drilling program;
- Test a high-priority anomaly identified in the 2021 summer field program; and
- Extend mineralization to the south with strategically planned drill holes.
Preview SW property
The drill program at the Preview SW Property is now expected to complete a 1,400m program, which will include expenditures from Comstock Metals Limited. The program is designed to further define the historical resource at the Preview SW Deposit and extend mineralization at the North Zone.
MAS Gold's current projects include the North Lake, Greywacke North, Bakos (Contact Lake), and Point gold deposits and the historically-defined Elizabeth Lake copper-gold volcanic-hosted massive sulphide deposit within four properties totalling 34,703.4 hectares (85,753.8 acres).
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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