The latest results from Lavras Gold Corp.’s (TSXV: LGC) LDS project
confirm that LDS is a mineral system that hosts extremely
high-grade gold, silver, and copper in certain areas. The results
are from Matilde Extension, one of 23 known targets at the LDS
project in Southern Brazil. Two of the targets—Butiá and
Cerrito—have consolidated NI 43-101 resources of 1 million gold
ounces. Two new discoveries—Zeca Souza and Matilde—were announced
in 2022.
“The results from hole 21MT020 are very exciting,
and not just because of the extremely high gold grades,” said
Michael Durose, President and CEO of Lavras Gold. “We are also
seeing chalcopyrite and bornite, which are two important copper
sulphide minerals that are typically associated with higher
temperature fluids and high-grade gold and silver. These results
may be directing us to a possibly higher grade core of
mineralization in the Matilde Extension area.”
Seven holes totalling 3,123 metres were drilled at
Matilde Extension, located 675 metres northeast of the Matilde
discovery (see Figures 1 and 2). While mineralization was
encountered in all seven holes, 21MT020 is the best hole. This hole
intercepted three intervals of mineralization, with the third
intercept being the most important.
It was characterized by a thick interval of
continuous mineralization featuring very high-grade gold, silver,
and copper. It assayed 10.00 metres grading 13.21 g/t gold, 22.94
g/t silver, and 0.22% copper from 345.00 metres, including:
- 5.00 metres grading
23.15 g/t gold, 42.75 g/t silver, and 0.41% copper from 347.00
metres
- a 1.00 metre subzone
that yielded grades as high as 63.70 g/t gold, more than 100 g/t
silver, and 0.63% copper from 347.00 metres.
Table 1 highlights the assays from hole 21MT020.
Assays for all seven holes are listed in Table 2.
TABLE 1: HIGHLIGHTS OF ASSAY RESULTS FROM DRILL
HOLE 21MT020
From(m) |
To(m) |
Interval(m) |
Gold grade(g/t) |
Silver grade(g/t) |
Copper grade(%) |
Comment |
14.00 |
16.00 |
2.00 |
0.39 |
0.35 |
0.02 |
|
|
|
|
|
|
|
|
315.00 |
316.00 |
1.00 |
2.93 |
5.59 |
0.33 |
|
316.00 |
318.00 |
2.00 |
0.47 |
0.21 |
0.03 |
|
315.00 |
318.00 |
3.00 |
1.29 |
2.00 |
0.13 |
|
|
|
|
|
|
|
|
345.00 |
346.00 |
1.00 |
0.56 |
1.61 |
0.04 |
|
346.00 |
347.00 |
1.00 |
0.55 |
0.55 |
0.02 |
|
347.00 |
348.00 |
1.00 |
63.70 |
>100 |
0.63 |
gold, silver, copper |
348.00 |
349.00 |
1.00 |
9.12 |
28.20 |
0.25 |
gold, silver, copper |
349.00 |
350.00 |
1.00 |
12.00 |
31.90 |
0.55 |
gold, silver, copper |
350.00 |
351.00 |
1.00 |
6.03 |
12.65 |
0.27 |
gold, silver, copper |
351.00 |
352.00 |
1.00 |
24.90 |
41.00 |
0.34 |
gold, silver, copper |
352.00 |
353.00 |
1.00 |
0.09 |
0.73 |
0.01 |
|
353.00 |
354.00 |
1.00 |
0.19 |
0.39 |
0.02 |
|
354.00 |
355.00 |
1.00 |
14.90 |
12.40 |
0.10 |
gold, silver, copper |
345.00 |
355.00 |
10.00 |
13.21 |
22.94 |
0.22 |
gold, silver |
|
including |
|
|
|
|
347.00 |
352.00 |
5.00 |
23.15 |
42.75 |
0.41 |
Chalcopyrite, bornite,
pyrite |
Notes:
- Assumes a cut-off grade of 0.25 g/t gold and no top cut
- True widths have not been determined at this time.
The key takeaways from the results to date at
Matilde Extension are:
- multiple intercepts of
elevated gold mineralization were encountered in all seven
holes
- three of seven
holes—21MT020, 22MT030, 22MT038—returned high copper grades that
correlate to very high gold and silver grades
- more intense
hydrothermal alteration and thicker zones of copper, gold, and
silver mineralization appear to be developing at depth;
narrow-scale quartz sulphide veinlets hosting copper with elevated
gold values appear closer to the surface
- a northeast metal
zonation vector from low-temperature iron rich pyrite to higher
temperature copper rich chalcopyrite/bornite seems to be developing
when moving from Matilde to the Matilde Extension Zone. This may
have important implications for gold grade distribution.
- The current
interpretation is that mineralization at Matilde Extension is
associated with a northeast trending structure as defined by
aeromagnetic data and oriented core measurements of
sulphide-bearing veinlets
- Matilde Extension
remains open along strike and at depth.
Discussion of results
Matilde Extension is a new blind discovery that was
made by drill-testing a coincident gold in soil anomaly overlying
the intersection of a northeast-southwest trending structure and an
east-west trending structure.
This discovery is 675 metres northeast of the
Matilde gold deposit (see Figures 1 and 2). Seven drill holes
totaling 3,123 metres tested Matilde Extension. The drilling is
part of a 16,000-metre drilling program. To date, 6,000 metres have
been drilled.
All holes intersected multiple intervals of
mineralization (see Table 2 and Figure 3). Importantly, high-grade
gold, silver, and copper mineralization has been encountered in
three holes, suggesting a metal zonation vector towards a
higher-grade zone of mineralization within the Matilde/Matilde
Extension corridor.
MULTIPLE BROAD LOW-GRADE
INTERCEPTS
The first hole 21MT018 was drilled from north to
south and designed to test a magnetic low feature interpreted to be
an east-west structure overlying a coincident gold in soil anomaly
(see Figures 2 and 3).
The hole intercepted multiple narrow gold values
within altered granodiorite such as:
- 8.00 metres grading
0.44 g/t gold from 208.00 metres including
- 1.00 metre grading
1.14 g/t gold from 208.00 metres
- 10.00 metres grading
0.41 g/t gold from 257.00 metres including
- 1.00 metre grading
2.17 g/t gold from 263.00 metres.
There were no significant silver or copper values
in this hole.
HIGH GRADE CONTINUOUS GOLD-SILVER-COPPER
MINERALIZATION
Drillhole 21MT020 was collared 100 metres east of
21MT018 and drilled from north to south. This hole was designed to
test the intersection of an east-west and northeast-southwest
structure that underlies a gold in soil anomaly (see Figures 2 and
3).
The hole intersected one shallow interval of gold
followed by two significant intervals of gold, silver, and copper.
Table 1 provides a detailed breakdown of assay results.
The first drill intercept returned 2.00 metres
grading 0.39 g/t gold and minor silver and copper from 14.00
metres.
The second intercept returned:
- 3.00 metres grading
1.29 g/t gold, 2.00 g/t silver, and 0.13% copper from 315.0 metres
including
- 1.00 metre grading
2.93 g/t gold, 5.59 g/t silver, and 0.33% copper from 315
metres.
The third major intercept consisted of 10 metres
grading 13.20 g/t gold, 12.94 g/t silver, and 0.22% copper from
345.00 metres. It included:
-
5.00 metres grading 23.15 g/t gold, 42.75 g/t silver, and 0.41%
copper from 347.00 metres.
This zone of mineralization consists of intense
hydrothermally altered and brecciated granodiorite consisting of
semi-massive zones and veins of sulphide minerals including
bornite, chalcopyrite, and pyrite (see Figure 4).
Petrographic work confirms that this zone consists
of a red-brown colour attributed to hydrothermal potassium
feldspar, albite, and carbonate components of the rock. The rock is
comprised dominantly of highly altered medium-grained quartz and
feldspar, and relatively coarser-grained white mica
(sericite/muscovite and phengite). The coarse-grained muscovite
commonly hosts minute inclusions of fluorine-apatite.
Compositionally, coarse-grained muscovites have no iron and may
represent primary phenocrysts. The finer-grained hydrothermal
muscovite has an iron-component making them phengitic.
These results suggest that the mineralization is
related to magmatically derived hydrothermal fluids that were
carrying significant amounts of gold, silver, and copper.
NARROW QUARTZ-SULPHIDE VEINLETS HOST HIGH
GOLD AND ELEVATED COPPER IN RELATIVELY FRESH
GRANODIORITE CLOSE TO SURFACE
Hole 22MT029 returned multiple elevated gold,
silver, and copper values. Generally, narrow millimetre to
centimetre scale quartz-sulphide veinlets cross-cut relatively
fresh granodiorite (see Figures 5 and 6).
A weak pink potassic alteration halo is often
associated with the quartz-sulphide veinlets. Sulphide minerals
consist primarily of chalcopyrite and trace pyrite.
The best intercept was 8.00 metres grading 1.19 g/t
gold from 200.0 metres, including 1.00 metre grading 5.17 g/t gold
from 200.00 metres.
These results suggest that metal-bearing
hydrothermal fluids travelled upward towards the surface through
small fractures in the host granodiorite. Metals precipitated out
into these fractures. Further work is required to understand where
these fractures and veins may widen out.
DISSEMINATED, BLEBBY, AND VEINS OF
SULPHIDES HOSTED WITHIN MODERATELY HYDROTHERMALLY ALTERED
GRANODIORITE BRECCIA
Hole 22MT030 returned 1.05 metres grading 3.19 g/t
gold, 14.10 g/t silver, and 0.76% copper from 304.25 metres.
Mineralization is associated with chalcopyrite and
trace pyrite disseminations, blebs, and veins floating in a matrix
of medium- to coarse-grained quartz and feldspar (see Figure 7).
Dark mafic mineral rimming sulphide veinlet is interpreted to be
dark chlorite. The host granodiorite appears slightly more altered
than rocks at a shallower level, having a more reddish colouration
from hematite dustings and potassic alteration. The higher grade
gold, silver, and copper grade is notable.
The higher degree of alteration may be indicating
that we are closer to a wider and more intensive zone of
mineralization.
SHALLOW LEVEL MINERALIZED MICROFRACTURES
DEVELOPING INTO SEMI-MASSIVE BLEBBY AND
DISSEMINATED SULPHIDE MINERALIZATION IN
INTENSELY HYDROTHERMALLY ALTERED GRANODIORITE
AT DEPTH
For hole 22MT038, Figures 8 and 9 show
quartz-sulphide (chalcopyrite and trace pyrite) filling
microfractures that display strong potassic alteration selvedges
that rim the microfractures. These features were observed within
relatively fresh granodiorite at a depth of 105.00 and 172.00
metres respectively. Assay results include 1.00 metre grading 7.50
g/t gold, 1.57 g/t silver, and 0.13% copper from 105.00 metres.
At a depth of 340 metres, hole 22MT038 intersected
a pervasively hydrothermally altered breccia zone characterized by
disseminations and blebs of pyrite chalcopyrite, feldspar minerals
being replaced by alkali feldspar, microcrystalline quartz, and
mafic minerals being replaced by dark chlorite.
This interval assayed 6.00 metres grading 0.58 g/t
gold, 5.51 g/t silver, and 0.14% copper from 340.00 metres.
Higher-grade subintervals include 1.33 metres grading 2.39 g/t
gold, 22.31 g/t silver, and 0.57% copper from 340.00 metres, and
0.74 metres grading 3.95 g/t gold 37.20
g/t silver and 0.92% copper from 344.59 metres. These
subzones are related to chalcopyrite veinlets and blebby
disseminations within pervasively altered granodiorite hydrothermal
breccia (see Figures 10 and 11).
The current interpretation is hydrothermal fluids
containing metals are leaking out to the surface through a network
of relatively tight microfractures. However, there are more
significant gold, silver and copper areas associated with wider
brecciated zones of mineralization at depth. Further work is
required.
Next steps
Lavras Gold is continuing with its 16,000-metre
drilling program and two drills are on site. Approximately 6,000
metres of the 16,000-metre program have been completed so far. The
drills are currently testing targets at the Matilde and Galvo
areas. Immediate drilling plans will also test targets at Zeca
Souza and Matilde Extension. A regional soil survey program is
on-going over the Caneleira area. Material future results will be
disclosed when received.
Learn more about these results and the
plans for 2023 during January 31 webinar
Join CEO Michael Durose for an exploration webinar
on Tuesday, January 31, 2023, at 1:00 PM ET.
Click the following link to register now:
https://my.6ix.com/qiYy1Qzy
Qualified person
Michael Durose, Lavras Gold’s President and CEO, is
a qualified person as defined by NI 43-101. He has reviewed and
approved the scientific and technical information contained in this
release.
Quality assurance and quality
control
Sample handling, preparation, and analysis are
monitored through the implementation of formal chain-of-custody
procedures and quality assurance/quality control programs designed
to follow industry best practices.
All drillhole samples in this drilling program
consist of split NQ diamond drill core.
Drill core is logged and sampled in a secure
facility located in Lavras do Sul, Rio Grande do Sul State, Brazil.
Drill core samples for gold assay are cut in half using a diamond
saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State,
Brazil for preparation by crushing to 70% passing 2.0 mm, riffle
splitting to obtain 500 g aliquots, and pulverizing to 85% passing
75 microns.
Pulps are shipped to ALS Laboratories in Lima, Peru
and analyzed by a 30 g fire assay and AAS finish. For assays above
10 ppm gold, a cut of the original pulp was re-assayed with a
gravimetric finish.
Certified standards, non-certified blanks and field
duplicates are inserted into the sample stream at regular
intervals, so that QA/QC accounted for about 10% of the total
samples. Results are routinely evaluated for accuracy, precision,
and contamination.
About Lavras Gold
Lavras Gold (TSXV: LGC) is a Canadian exploration
company focused on realizing the potential of a multi-million-ounce
gold district in southern Brazil. Its Lavras do Sul Project is in
Rio Grande do Sul State and is primarily an intrusive hosted gold
system of possible alkaline affinity. More than 23 gold prospects
centred on historic gold workings have been identified on the
property, which spans more than 22,000 hectares.
Follow Lavras Gold on www.lavrasgold.com, as well
as on LinkedIn, Twitter, and YouTube.
Contact information
Michael
Durose |
Annemarie
Brissenden |
President & CEO |
Investor Relations |
416-844-6284 |
416-844-6284 |
investor@lavrasgold.com |
investor@lavrasgold.com |
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for the adequacy or accuracy of the content of this news
release.
FORWARD-LOOKING INFORMATIONThis
news release contains certain “forward-looking information” within
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information is frequently characterized by words such as “plan”,
“expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”,
“may”, “will”, “would”, “potential”, “proposed” and other similar
words, or statements that certain events or conditions “may” or
“will” occur. These statements, including those on planned
exploration activities and goals, are only objectives and
predictions. Forward-looking information is based on the opinions
and estimates of management at the date the information is
provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
information, including the risks and factors that generally affect
exploration and the uncertainty of exploration results. For a
description of the risks and uncertainties facing the Company and
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FIGURE 1Location of Matilde
Extension discovery
FIGURE 2Location
of Matilde Extension Relative to Matilde Gold Discovery showing
implicit 0.25 g/t gold grade shell. Background airborne magnetic
data highlights structural zones (magnetic lows shown in blue).
FIGURE 3 Plan
View of Matilde Extension showing location of drillholes with
implicit 0.25 g/t gold grade shell. Background airborne magnetic
data highlights structural zones (magnetic lows shown in blue).
FIGURE 4 Drill
hole 21MT020: Hydrothermally altered granodiorite hosting
semi-massive bornite, chalcopyrite, and pyrite. From 345.00 metres
grading 13.20 g/t gold, 12.94 g/t silver and 0.22% copper. Core
width is 4.76 centimetres (NQ).
FIGURE 5Hole
22MT029: Drill core at a depth of 157.00 metres showing relatively
fresh granodiorite hosting a cross-cutting quartz sulphide veinlet
consisting of chalcopyrite, pyrite, and trace bornite. Sample
grades 0.78 g/t gold over 1.49 metres with elevated silver and
copper values.
FIGURE 6
Drillhole 22MT029: Moderately fresh granodiorite cross-cut by
quartz-sulphide veinlet consisting of chalcopyrite at 200.00 metres
down the drill core. Sample grades 5.17 g/t gold, 2.39 g/t silver,
and 0.08% copper.
FIGURE 7
Drillhole 22MT030: Chalcopyrite veinlet and blebs hosted within
moderately potassic and trace hematite altered granodiorite at
304.25 metres down the drillhole grading 3.19 g/t gold, 14.10 g/t
silver, and 0.76% copper. Chalcopyrite is rimmed by dark mineral
interpreted to be chlorite.
FIGURE 8
Drillhole 22MT038: Quartz-sulphide (chalcopyrite and trace pyrite)
micro fracture in relatively fresh granodiorite at a depth of
105.00 metres. Sample grades 7.50 g/t gold, 1.57 g/t silver, and
0.13% copper. Note pinch and swell shape of veinlet.
FIGURE 9
Drillhole 22MT038: Potassic alteration envelope surrounding
millimetre-scale quartz-sulphide microfractures in relatively fresh
granodiorite host rock at a depth of 172 metres.
FIGURE 10
Drillhole 22MT038: Pervasively altered hydrothermal granodiorite
breccia at approximately 344.00 metres. Original feldspar
phenocrysts have completely broken down, and original mafic (dark)
minerals are being replaced by interpreted pinkish alkali feldspar
and microcrystalline quartz. Sulphide minerals (chalcopyrite and
trace pyrite) occur as fine grain disseminations. Sample grades
2.39 g/t gold, 22.31 g/t silver, and 0.57% copper.
FIGURE 11
Drillhole 22MT038: Blebby and disseminated chalcopyrite with trace
pyrite hosted within pervasively hydrothermally altered
granodiorite breccia from 344.59 metres. Sample grades 3.95 g/t
gold, 34.20 g/t silver, and 0.92% copper over 0.74 metres from
345.50 metres.
TABLE 2: SUMMARY OF ASSAY RESULTS FROM MATILDE
EXTENSION
Hole |
|
From(m) |
To(m) |
Interval(m) |
Gold grade(g/t) |
Silvegrade(g/t) |
Coppergrade (%) |
Comment |
21MT018 |
|
46.00 |
48.00 |
2.00 |
0.57 |
|
|
|
|
|
104.00 |
106.00 |
2.00 |
0.28 |
|
|
|
|
|
163.00 |
164.00 |
1.00 |
0.51 |
|
|
|
|
|
208.00 |
216.00 |
8.00 |
0.44 |
|
|
|
|
including |
208.00 |
209.00 |
1.00 |
1.14 |
|
|
|
|
|
215.00 |
216.00 |
1.00 |
0.78 |
|
|
|
|
|
227.00 |
228.00 |
1.00 |
0.48 |
|
|
|
|
|
230.00 |
231.00 |
1.00 |
0.29 |
|
|
|
|
|
257.00 |
267.00 |
10.00 |
0.41 |
|
|
|
|
including |
258.00 |
259.00 |
1.00 |
0.49 |
|
|
|
|
|
263.00 |
264.00 |
1.00 |
2.17 |
|
|
|
|
|
264.00 |
265.00 |
1.00 |
0.63 |
|
|
|
|
|
272.00 |
273.00 |
1.00 |
0.23 |
|
|
|
|
|
286.00 |
288.00 |
2.00 |
0.37 |
|
|
|
|
|
308.00 |
310.00 |
2.00 |
0.85 |
|
|
|
|
|
320.00 |
321.00 |
1.00 |
0.25 |
|
|
|
|
|
324.00 |
325.00 |
1.00 |
1.16 |
|
|
|
21MT020 |
|
14.00 |
16.00 |
2.00 |
0.39 |
0.35 |
0.02 |
|
|
|
315.00 |
318.00 |
3.00 |
1.29 |
2.00 |
0.13 |
|
|
including |
315.00 |
316.00 |
1.00 |
2.93 |
5.59 |
0.33 |
|
|
|
345.00 |
355.00 |
10.00 |
13.20 |
12.94 |
0.22 |
chalcopyrite, bornite, pyrite |
|
including |
347.00 |
352.00 |
5.00 |
23.15 |
42.75 |
0.41 |
|
|
including |
347.00 |
348.00 |
1.00 |
63.70 |
>100 |
0.63 |
|
|
including |
348.00 |
349.00 |
1.00 |
9.12 |
28.20 |
0.26 |
|
|
including |
350.00 |
351.00 |
1.00 |
12.00 |
31.90 |
0.55 |
|
|
including |
352.00 |
353.00 |
1.00 |
6.03 |
12.65 |
0.27 |
|
|
including |
354.00 |
355.00 |
1.00 |
24.90 |
41.00 |
0.34 |
|
22MT029 |
|
157.00 |
158.49 |
1.49 |
0.78 |
|
|
|
|
including |
200.00 |
208.00 |
8.00 |
1.19 |
|
|
|
|
Including |
200.00 |
202.00 |
2.00 |
3.25 |
|
|
|
|
|
200.00 |
201.00 |
1.00 |
5.17 |
|
|
|
|
|
262.00 |
264.00 |
2.00 |
0.42 |
|
|
|
|
|
385.00 |
388.10 |
3.10 |
0.76 |
|
|
|
22MT030 |
|
39.00 |
40.00 |
1.00 |
1.14 |
0.38 |
0.03 |
|
|
|
108.50 |
109.50 |
1.00 |
0.55 |
|
|
|
|
|
151.00 |
152.00 |
1.00 |
0.32 |
0.91 |
0.01 |
|
|
|
166.00 |
167.00 |
1.00 |
0.83 |
1.18 |
0.02 |
|
|
|
179.00 |
179.87 |
0.87 |
0.20 |
6.28 |
0.29 |
|
|
|
198.00 |
200.00 |
2.00 |
0.41 |
0.62 |
0.02 |
|
|
|
205.93 |
211.00 |
5.07 |
0.30 |
0.96 |
0.03 |
|
|
|
215.45 |
217.00 |
1.55 |
0.36 |
4.14 |
0.14 |
|
|
|
229.00 |
231.00 |
2.00 |
0.38 |
0.30 |
0.02 |
|
|
|
233.00 |
234.00 |
1.00 |
0.11 |
1.36 |
0.07 |
|
|
|
243.00 |
251.00 |
8.00 |
0.55 |
0.39 |
0.01 |
|
|
including |
250.00 |
251.00 |
1.00 |
3.06 |
0.59 |
0.03 |
|
|
|
258.00 |
259.00 |
1.00 |
0.71 |
0.40 |
0.01 |
|
|
|
276.00 |
277.00 |
1.00 |
0.47 |
0.28 |
0.01 |
|
|
|
304.25 |
305.30 |
1.05 |
3.19 |
14.10 |
0.76 |
|
|
|
334.00 |
335.00 |
1.00 |
0.88 |
0.72 |
0.01 |
|
22MT032 |
|
153.00 |
154.45 |
1.45 |
0.43 |
|
|
|
|
|
180.00 |
182.00 |
2.00 |
1.88 |
|
|
|
|
including |
181.39 |
182.00 |
0.61 |
5.43 |
|
|
|
|
|
255.00 |
256.00 |
1.00 |
0.48 |
|
|
|
|
|
282.00 |
283.00 |
1.00 |
0.32 |
|
|
|
|
|
293.00 |
297.00 |
4.00 |
0.48 |
|
|
|
|
including |
293.00 |
294.00 |
1.00 |
0.70 |
|
|
|
|
|
296.00 |
297.00 |
1.00 |
0.94 |
|
|
|
|
|
326.00 |
331.00 |
5.00 |
0.49 |
|
|
|
|
|
329.00 |
330.00 |
1.00 |
1.65 |
|
|
|
|
|
348.00 |
349.00 |
1.00 |
0.30 |
|
|
|
|
|
353.00 |
357.00 |
4.00 |
0.81 |
|
|
|
|
including |
354.00 |
356.00 |
2.00 |
1.81 |
|
|
|
|
including |
355.00 |
356.00 |
1.00 |
2.78 |
|
|
|
|
|
363.00 |
368.00 |
5.00 |
0.46 |
|
|
|
|
|
376.00 |
382.00 |
6.00 |
0.25 |
|
|
|
|
including |
381.00 |
382.00 |
1.00 |
0.64 |
|
|
|
|
|
385.00 |
393.85 |
8.85 |
0.28 |
|
|
|
|
including |
385.00 |
386.00 |
1.00 |
0.88 |
|
|
|
|
including |
389.00 |
390.00 |
1.00 |
0.68 |
|
|
|
|
|
431.74 |
439.00 |
7.26 |
0.38 |
|
|
|
|
including |
431.74 |
433.00 |
1.26 |
1.01 |
|
|
|
|
|
438.00 |
439.00 |
1.00 |
1.04 |
|
|
|
22MT033 |
|
86.00 |
97.00 |
11.00 |
1.06 |
|
|
|
|
including |
86.00 |
87.00 |
1.00 |
2.19 |
|
|
|
|
including |
89.00 |
91.00 |
2.00 |
3.91 |
|
|
|
|
including |
89.00 |
90.00 |
1.00 |
6.75 |
|
|
|
|
including |
90.00 |
91.00 |
1.00 |
1.07 |
|
|
|
|
|
106.00 |
107.00 |
1.00 |
0.45 |
|
|
|
|
|
163.00 |
188.00 |
25.00 |
0.32 |
|
|
|
|
including |
164.00 |
165.00 |
1.00 |
0.97 |
|
|
|
|
including |
169.00 |
170.00 |
1.00 |
2.02 |
|
|
|
|
including |
173.00 |
174.00 |
1.00 |
0.54 |
|
|
|
|
including |
176.00 |
178.00 |
2.00 |
0.53 |
|
|
|
|
|
217.00 |
218.00 |
1.00 |
0.32 |
|
|
|
|
|
223.00 |
224.00 |
1.00 |
0.27 |
|
|
|
|
|
229.00 |
230.00 |
1.00 |
0.36 |
|
|
|
|
|
237.00 |
238.00 |
1.00 |
0.27 |
|
|
|
|
|
243.00 |
244.00 |
1.00 |
0.39 |
|
|
|
|
|
260.00 |
266.00 |
6.00 |
0.53 |
|
|
|
|
including |
261.00 |
262.00 |
1.00 |
2.29 |
|
|
|
|
including |
265.00 |
266.00 |
1.00 |
0.51 |
|
|
|
|
|
325.00 |
326.00 |
1.00 |
0.25 |
|
|
|
|
|
350.00 |
351.00 |
1.00 |
0.25 |
|
|
|
|
|
363.00 |
377.00 |
14.00 |
0.35 |
|
|
|
|
including |
363.00 |
364.00 |
1.00 |
0.42 |
|
|
|
|
|
365.00 |
366.00 |
1.00 |
0.45 |
|
|
|
|
|
369.00 |
370.00 |
1.00 |
0.86 |
|
|
|
|
|
373.00 |
374.00 |
1.00 |
0.92 |
|
|
|
|
|
375.00 |
376.00 |
1.00 |
1.23 |
|
|
|
22MT038 |
|
41.00 |
42.00 |
1.00 |
0.33 |
0.81 |
0.02 |
|
|
|
105.00 |
107.00 |
2.00 |
4.51 |
1.13 |
0.07 |
|
|
including |
105.00 |
106.00 |
1.00 |
7.50 |
1.57 |
0.13 |
|
|
|
159.00 |
160.00 |
1.00 |
0.34 |
0.59 |
0.04 |
|
|
|
172.00 |
173.00 |
1.00 |
0.60 |
0.08 |
0.00 |
|
|
|
179.00 |
180.00 |
1.00 |
0.33 |
0.55 |
0.02 |
|
|
|
203.00 |
204.00 |
1.00 |
0.45 |
0.12 |
0.00 |
|
|
|
221.00 |
222.00 |
1.00 |
0.26 |
0.21 |
0.02 |
|
|
|
225.00 |
226.00 |
1.00 |
0.28 |
0.06 |
0.00 |
|
|
|
258.00 |
262.57 |
4.57 |
0.39 |
3.15 |
0.05 |
|
|
including |
260.37 |
261.70 |
1.33 |
0.91 |
1.43 |
0.05 |
|
|
|
340.00 |
346.00 |
6.00 |
0.58 |
5.51 |
0.14 |
|
|
including |
340.00 |
341.33 |
1.33 |
2.39 |
22.31 |
0.57 |
|
|
including |
344.59 |
345.33 |
0.74 |
3.95 |
37.20 |
0.92 |
|
|
|
413.00 |
414.00 |
1.00 |
0.35 |
0.93 |
0.02 |
|
|
|
424.00 |
425.00 |
1.00 |
0.42 |
0.37 |
0.07 |
|
|
|
495.00 |
496.00 |
1.00 |
1.45 |
2.92 |
0.04 |
|
Notes:
- Assumes a cut-off grade of 0.25 g/t gold and no top cut
- True widths have not been determined at this time.
TABLE 3: COLLAR ORIENTATION DATA FOR MATILDE
EXTENSION DRILL HOLES
Hole |
Azimuth(degrees) |
Dip(degrees) |
End of hole(metres) |
21MT018 |
180 |
-60 |
391.9 |
21MT020 |
180 |
-60 |
400.4 |
22MT029 |
180 |
-60 |
347.7 |
22MT030 |
130 |
-60 |
406.3 |
22MT032 |
180 |
-60 |
488.6 |
22MT033 |
155 |
-60 |
380.6 |
22MT038 |
180 |
-60 |
600.0 |
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/403638ab-d72c-4517-93f8-78349d8666af
https://www.globenewswire.com/NewsRoom/AttachmentNg/a47c8a79-7ced-4938-bf76-54b996349ac1
https://www.globenewswire.com/NewsRoom/AttachmentNg/b9e14a6c-8ba4-4ae2-8683-2fb61f4dab4f
https://www.globenewswire.com/NewsRoom/AttachmentNg/32c3e61e-428c-4ada-b00c-9865fef39592
https://www.globenewswire.com/NewsRoom/AttachmentNg/eb7d9916-5067-4f5f-b796-4100125b0200
https://www.globenewswire.com/NewsRoom/AttachmentNg/619e1eeb-076c-4716-9eae-c0fa4a8b11ff
https://www.globenewswire.com/NewsRoom/AttachmentNg/932b5cfa-e28d-4fba-a64a-309ab9ba462c
https://www.globenewswire.com/NewsRoom/AttachmentNg/3a8e9eec-5e8f-40e9-a9f7-87d7ba0eedd2
https://www.globenewswire.com/NewsRoom/AttachmentNg/0940f19a-2cbf-44b1-8815-872ee5a3452a
https://www.globenewswire.com/NewsRoom/AttachmentNg/a935f6e0-ad38-45fe-8c4f-3821226622c0
https://www.globenewswire.com/NewsRoom/AttachmentNg/c95a955b-c2fa-4984-a1e7-a3f5c1cc31f6
https://www.globenewswire.com/NewsRoom/AttachmentNg/523833f6-adcc-4977-b721-f4ec42ab1536
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