Goldseek Resources Inc said it is hitting mineralization in all holes drilled at its Beschefer project in Quebec’s Abitibi Gold Belt.
Updating on its progress so far, the company said that it had “visual observations” on nearly 1,245 metres of drilling across five holes.
The targeted B14 gold-bearing shear zone was intercepted in all holes drilled to date ranging from 12 to 31 metres in thickness, Goldseek said in a statement.
READ: Goldseek targets Central Shallow and Deep zones in 4,000-metre Beschefer drill program
All of the holes have intersected the B14 gold-bearing shear zone between 150 and 250 metres deep using varied spacing between historical holes and newly drilled targets, the company told shareholders.
Goldseek is hoping to validate high-grade intervals obtained historically, infill drilling on the gold zones and target the expansion of the modelled lenses as part of the program.
"We are excited to be hitting the targeted mineralization in all holes, which is a testament to the continuity of the gold system,” CEO Jonathon Deluce told investors.
“The accumulation of consistent results observed combined with the success of our 2021 program supports our view of the project being at a near-resource stage.”
Deluce said that the first batches of results will be released in April. Once the program finishes, the company will finalize plans for a follow-up summer drill program, the CEO added.
Beschefer is an advanced gold exploration project with significant near-term resource potential located around 45 kilometres northeast of the Casa Berardi Mine and 30 kilometres southwest of Wallbridge's Fenelon gold project.
London, Ontario-based Goldseek has an option agreement with Wallbridge to earn 100% over four years on the project.
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