VANCOUVER, BC, Oct. 19,
2022 /CNW/ - Outback Goldfields Corp. (the
"Company" or "Outback") (TSXV: OZ) (OTCQB: OZBKF) is
pleased to provide results from its reconnaissance-style
air-core drill program at its Yeungroon gold project
("Yeungroon" or the "Project"), central Victoria, Australia.
Highlights
- Defined multiple broad corridors of elevated arsenic across
the tenement:
- Numerous north-west trending zones of strong arsenic anomalism
from top-of-bedrock samples parallel to the Golden Jacket corridor
have been defined northeast of the Golden Jacket mine.
- A strongly anomalous and open zone of high-arsenic, locally
coincident with prominent north-trending structural features, has
been defined north of the unexplored Moondyne target area.
- Arsenic is a well established pathfinder element for high-grade
gold mineralization across the Victorian Goldfields.
- Strongly anomalous gold values returned from multiple
top-of-bed rock samples:
- Anomalous gold results from air-core holes collared over 800
metres along trend to the south of historical Golden Jacket mine
suggest significant potential of the structure along strike.
- A broad zone of anomalous gold and arsenic from top-of-bedrock
samples located over 1.4 kilometres north-east of the Golden Jacket
mine define a new high-priority target area that is open for
expansion.
- Deeper diamond drilling at both target areas is warranted to
test for high-grade, structurally controlled quartz reefs
associated with the anomalous top-of-bedrock air-core samples.
"We are excited to update our shareholders on our exploration
progress so far at our highly prospective Yeungroon gold
project," commented Chris
Donaldson, CEO. "The results of our multi-rig drill
program to date suggest that the historical Golden Jacket and
Moondyne workings are not isolated targets but appear to be part of
a much larger gold system. Anomalous gold assays have been
identified for up to 800 metres south along strike of the Golden
Jacket mine, and a new zone of gold mineralization was discovered
1.5 kilometres to the northeast of the mine. More significant is
the identification of a new target zone on the western side of the
tenement, near the Moondyne reef-hosted gold target.
Although our current exploration focus is at our Ballarat
West project, we will continue to evaluate the new targets at
Yeungroon and will plan additional exploration in the areas
northeast of Golden Jacket and near Moondyne. Our systematic and
methodical approach to grassroots exploration across the Victorian
Goldfields is proving effective as we have now defined multiple new
and significant drill targets in areas that were previously
unexplored."
Program Overview
The drill program comprised 968 metres of diamond drilling,
3,616 metres of RAB and 9,403 metres of air-core drilling (see
March 30, 2022 news release). The
focus of the composite drill program was to investigate the
structural setting and the dip- and strike-extent of reef-hosted
gold mineralization at the Golden Jacket mine as well as to map and
sample the top-of-bedrock below shallow cover across prospective
trends and interpreted structural offsets identified in geophysical
data from the Golden Jacket and Moondyne target areas.
The highly portable air-core drill rig was used to sample and
map the top of bedrock below cover. A footprint of
approximately 4.4 square kilometres was covered in the Golden
Jacket grid and 8.5 kilometres of 100 metre spaced holes along
road-side traverses were covered on the western side of the
property near the Moondyne target. Drill cuttings were analysed
using a portable Xray fluorescence spectrometer (pXRF). The focus
for these analyses were pathfinder element geochemical
concentrations (e.g., arsenic). The relationship between gold
mineralization and disseminated arsenopyrite and high-arsenic
contents in host rocks peripheral to gold-bearing quartz reefs is
well established throughout the Victorian Goldfields (e.g., Arne et
al., 2008) and has been used to focus exploration and vector to
high-grade mineralization. Selected samples with anomalous
pathfinder elements were sent to the Gekko Assay laboratory for
fire assay gold analyses. Samples from 95 of the 591 air-core holes
have been analysed for gold so far.
Based on results from this reconnaissance-style air-core drill
program, multiple new drill targets have been defined. The
preliminary pXRF and gold fire assay results support the
high-prospectivity of the Yuengroon project. The Company is
planning additional sampling and follow-up drilling to fully
investigate the gold mineralization potential of the Golden Jacket,
Moondyne and O'Connors targets.
Golden Jacket Drilling
Results
The Golden Jacket mine is associated with the property-scale,
northwest-trending Golden Jacket fault, which transects the
property for over 30 kilometres of strike length. Historical
small-scale production from the Golden Jacket mine was reportedly
1,400 ounces of gold at approximately 250 grams per tonne (Bibby
and More, 1998). Shallow air-core holes were drilled on a grid
pattern around the Golden Jacket Mine to explore for potential
extensions and parallel zones of reef-hosted gold
mineralization.
The combined drilling program has defined possible extensions to
mineralization along strike to the south for up to 800 metres from
the high-grade quartz reefs historically mined in the Golden Jacket
Mine (Figure 1). Anomalous gold values were from near
top-of-bedrock chip samples that also contained highly anomalous
arsenic contents. This significant strike-length of gold and
arsenic anomalism represents a priority target area for deeper
diamond drilling.
A new broad zone of gold mineralization was discovered
approximately 1.5 kilometres to the northeast of the Golden Jacket
mine in an area that was previously undrilled and unexplored.
Samples were submitted to the lab for gold assay based on highly
anomalous arsenic contents. This area warrants additional drilling
aimed at investigating possible structural controls to local gold
mineralization as well as expanding the grid to the north where the
high-arsenic trends are open (Figure 1).
Drill intercepts from the air-core program to date is given in
Table 1.
Western Roadside Drilling
Results
A series of roadside air-core drill hole traverses were
completed on the western side of Yeungroon to map and sample the
top of bedrock along strike from the historic Moondyne gold
workings as well as across numerous project-scale, north-trending,
structural corridors defined in geophysical data (Figure
2). A summary of results from the western roadside
drilling campaign is shown in Figure 2.
The western roadside drilling program returned highly anomalous
arsenic contents from zones along trend from the Moondyne workings.
These results suggest that the structural zone host to mineralized
quartz-reefs at Moondyne may extend for over 2 kilometres to the
north.
A new target, O'Connors zone, has been identified between two
splay faults off the project-scale O'Connors fault (Figure 2).
Air-core chip samples from across this structurally complex zone
returned highly anomalous arsenic contents covering a 1 kilometer
east-west oriented transect. This zone is within a broadly
north-south trending structural corridor approximately 9 kilometres
long (Figure 2 and 3). Drill chips from this zone were also
submitted for fire assay gold analysis. No significant results were
returned from this first batch of samples; however, most of the
holes were drilled to maximum depth of 15 metres on widely spaced
100 meter centres therefore the results were not unexpected.
The relatively high-arsenic contents together with the broad,
km-scale target footprint makes the O'Connors zone a priority area
for follow-up soil sampling, additional grid-based air-core
drilling and possible deeper diamond drilling.
Table 1. Summary of Significant Intercepts from the Yeungroon
air-core drill program.
HoleID
|
Depth From
(m)
|
Depth To
(m)
|
Interval
(m)
|
Gold Grade
(g/t)
|
OGR1284
|
3
|
5
|
2
|
1.87
|
and
|
24
|
25
|
1
|
2.81
|
OGR0013
|
22
|
23
|
1
|
1.5
|
and
|
27
|
32
|
5
|
0.23
|
OGR0403
|
10
|
12
|
2
|
0.53
|
OGR0403_B
|
0
|
1
|
1
|
0.12
|
OGR0381
|
6
|
7
|
1
|
0.42
|
OGR0235
|
3
|
4
|
1
|
0.3
|
and
|
12
|
13
|
1
|
0.45
|
OGR0786
|
13
|
14
|
1
|
0.42
|
OGR1031
|
3
|
4
|
1
|
0.22
|
OGR0233
|
28
|
29
|
1
|
0.2
|
OGR1287
|
2
|
3
|
1
|
0.16
|
OGR1036
|
39
|
40
|
1
|
0.12
|
OGR1245
|
21
|
22
|
1
|
0.12
|
OGR1247
|
39
|
40
|
1
|
0.12
|
OGR0793
|
8
|
9
|
1
|
0.11
|
|
|
|
True widths have not
been estimated as structural measurements are unable to be
determined from air-core drill holes. A full list
of drillholes with samples selected and sent for fire assay is
given in Table 2.
|
|
|
Yeungroon Project
The 698 km2 Yeungroon project is transected by the
north-trending, crustal-scale Avoca fault, which separates the
western Stawell zone from the Eastern Bendigo zone. The western
side of the Project contains the historic Golden Jacket hard-rock
reef mine associated with the regional-scale, northwest-trending
Golden Jacket fault. Historical mining records indicate the Golden
Jacket mine produced quartz-rich ore with grades of up to 250 grams
per tonne gold (Bibby and More, 1998), however, the vertical and
lateral extent of mineralization remains unknown.
The eastern side of the project is underlain by Ordovician rocks
of the Castlemaine group and comprises the northern extent of the
Wedderburn Goldfield, where numerous small-scale, historical
alluvial and hard-rock mines are located.
Data Collection, Verification and
QA/QC
Air core samples were collected in 1 metre intervals down hole
from surface to end of hole for all holes drilled. A representative
sample of each 1 metre interval was collected in chip trays as
drilling was undertaken, as well as a larger sample (nominally
1.5kg) which was retained for additional testing where required.
Basic chip logging was carried out in the field by Company
geologists. This included sample lithologies, colour, quartz
veining and mineral observations, and was completed concurrent with
sampling. All samples were transported from the drill site to the
Company's exploration office in Ballarat by Outback staff.
Preliminary analysis of the samples collected in chip trays was
carried out using an Olympus Vanta portable XRF. Analysis was
carried out in "Geochem mode" running two beams for a total of 30
seconds each. Based on the results of the preliminary XRF
Geochemical analysis, a number of the larger 1.5 kg samples were
submitted to the Gekko Assay Laboratory in Ballarat to be analysed
for gold using fire assay analysis. Entire samples were pulverised
using an LM5 pulveriser ensuring that 90% of the sample was ground
to less than 75 μm before 30g subset was taken for fire assay
analysis.
For both portable XRF analysis and Fire Assay analysis, QA/QC
protocols involved the insertion of Certified Reference materials
and blanks at a minimum rate of 1 for every 50 samples tested.
Reference material was routinely tested with the portable XRF for
arsenic concentrations and the results were deemed acceptable for
the scope of the exploration program and specifically identifying
anomalous results above background levels. Fire assay analyses of
Certified Reference materials for and blanks returned results
within acceptable tolerances.
The Qualified Person has supervised all stages of the
exploration program relevant to this news release. This includes
regular visits to the drill site to supervise, drilling, logging
and sample collection practices. The qualified person also
supervised the analysis of Samples using the portable XRF and
performed a number of impromptu laboratory audits at the Gekko
Assay laboratory.
Community Engagement
Outback recognises the importance of open and honest community
engagement in all our exploration activities. We approach all our
exploration activities in a sustainable manner and ensure our
activities comply with the Victorian Code of Practice for Mineral
Exploration. As such, community consultation with local
landowners has commenced and is ongoing.
National Instrument 43-101
Disclosure
This news release has been approved by Mr. Matthew Hernan (FAusIMM, MAIG) an independent
consultant and "Qualified Person" as defined in National Instrument
43-101, Standards of Disclosure for Mineral Projects of the
Canadian Securities Administrators.
Some data disclosed in this News Release relating to sampling
and drilling results is historical in nature. Neither the Company
nor a qualified person has yet verified this data and therefore
investors should not place undue reliance on such data. In some
cases, the data may be unverifiable due to lack of drill core.
Mineralization hosted on adjacent and/or nearby and/or geologically
similar properties is not necessarily indicative of mineralization
hosted on the Company's property.
References
Bibby, L.M., and Moore, D.H., 1998, Charlton 1:100,000 map area
geological report, Geological Survey of Victoria Report 116, 95
p.
Arne, D.C., House, E., and Lisitsin, V., 2008, Lithogeochemical
haloes surrounding central Victorian gold deposits: Part 1 –
Primary alteration, Geoscience Victoria Gold Undercover Report 4,
95 p.
Table 2. Table of collar and assay information for 95
drillholes submitted for fire assay gold analyses. Collar
information for all holes is posted on the Company's website.
Coordinates GDA94 Z54
HoleID
|
Easting
|
Northing
|
Dip
|
Azimuth
|
Depth
From (m)
|
Depth To
(m)
|
Interval
(m)
|
Gold
Grade (g/t)
|
Target
Zone
|
OGR1284
|
716,544
|
5,976,232
|
-60
|
70
|
3
|
5
|
2
|
1.87
|
Golden
Jacket
|
and
|
|
|
|
|
24
|
25
|
1
|
2.81
|
Golden
Jacket
|
OGR0013
|
716,328
|
5,974,575
|
-90
|
360
|
22
|
23
|
1
|
1.5
|
Golden
Jacket
|
and
|
|
|
|
|
27
|
32
|
5
|
0.23
|
Golden
Jacket
|
OGR0403
|
716,517
|
5,976,299
|
-90
|
360
|
10
|
12
|
2
|
0.53
|
Golden
Jacket
|
OGR0403_B
|
716,517
|
5,976,297
|
-90
|
360
|
0
|
1
|
1
|
0.12
|
Golden
Jacket
|
OGR0381
|
716,720
|
5,976,446
|
-90
|
360
|
6
|
7
|
1
|
0.42
|
Golden
Jacket
|
OGR0235
|
716,391
|
5,974,539
|
-90
|
360
|
3
|
4
|
1
|
0.3
|
Golden
Jacket
|
and
|
|
|
|
|
12
|
13
|
1
|
0.45
|
Golden
Jacket
|
OGR0786
|
716,609
|
5,974,045
|
-90
|
360
|
13
|
14
|
1
|
0.42
|
Golden
Jacket
|
OGR1031
|
716,279
|
5,974,718
|
-60
|
74
|
3
|
4
|
1
|
0.22
|
Golden
Jacket
|
OGR0233
|
716,427
|
5,974,556
|
-90
|
360
|
28
|
29
|
1
|
0.2
|
Golden
Jacket
|
OGR1287
|
716,657
|
5,976,230
|
-60
|
70
|
2
|
3
|
1
|
0.16
|
Golden
Jacket
|
OGR1036
|
716,346
|
5,974,462
|
-60
|
74
|
39
|
40
|
1
|
0.12
|
Golden
Jacket
|
OGR1245
|
716,342
|
5,974,546
|
-60
|
70
|
21
|
22
|
1
|
0.12
|
Golden
Jacket
|
OGR1247
|
716,375
|
5,974,561
|
-60
|
70
|
39
|
40
|
1
|
0.12
|
Golden
Jacket
|
OGR0793
|
716,625
|
5,973,919
|
-90
|
360
|
8
|
9
|
1
|
0.11
|
Golden
Jacket
|
OGR0015
|
716,364
|
5,974,593
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0040
|
716,312
|
5,974,701
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0043
|
716,366
|
5,974,727
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0058
|
716,340
|
5,974,781
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0069
|
716,579
|
5,974,564
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0096
|
716,697
|
5,973,954
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0097
|
716,715
|
5,973,963
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0104
|
716,841
|
5,974,024
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0123
|
716,494
|
5,974,949
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0148
|
716,639
|
5,974,647
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0196
|
716,349
|
5,975,252
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0230
|
716,275
|
5,974,549
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0231
|
716,293
|
5,974,558
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0232
|
716,310
|
5,974,567
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0246
|
716,543
|
5,974,546
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0248
|
716,417
|
5,974,485
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0250
|
716,381
|
5,974,467
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0262
|
716,523
|
5,974,404
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0275
|
716,504
|
5,974,260
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0291
|
716,592
|
5,974,170
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0299
|
716,328
|
5,976,902
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0303
|
716,528
|
5,976,899
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0373
|
716,320
|
5,976,452
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0374
|
716,370
|
5,976,452
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0375
|
716,420
|
5,976,451
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0376
|
716,470
|
5,976,450
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0377
|
716,520
|
5,976,449
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0378
|
716,570
|
5,976,448
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0379
|
716,620
|
5,976,447
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0380
|
716,670
|
5,976,446
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0402
|
716,467
|
5,976,300
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0404
|
716,567
|
5,976,298
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0405
|
716,617
|
5,976,297
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0406
|
716,667
|
5,976,296
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0407
|
716,717
|
5,976,296
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0408
|
716,767
|
5,976,295
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0428
|
716,465
|
5,976,150
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0429
|
716,515
|
5,976,149
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0430
|
716,565
|
5,976,148
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0431
|
716,615
|
5,976,147
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0432
|
716,665
|
5,976,147
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0433
|
716,715
|
5,976,146
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0434
|
716,765
|
5,976,145
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0462
|
716,862
|
5,975,993
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0499
|
716,107
|
5,975,706
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0538
|
716,755
|
5,975,545
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR0554
|
716,252
|
5,975,404
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1030
|
716,257
|
5,974,774
|
-60
|
74
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1034
|
716,326
|
5,974,539
|
-60
|
74
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1035
|
716,336
|
5,974,499
|
-60
|
74
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1163
|
716,171
|
5,975,550
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1189
|
716,401
|
5,975,196
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1238
|
714,578
|
5,977,021
|
-90
|
360
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1250
|
716,366
|
5,974,495
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1251
|
716,382
|
5,974,502
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1252
|
716,399
|
5,974,510
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1253
|
716,417
|
5,974,518
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1254
|
716,435
|
5,974,526
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1255
|
716,394
|
5,974,435
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1256
|
716,410
|
5,974,443
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1257
|
716,427
|
5,974,451
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1262
|
716,449
|
5,974,404
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1265
|
716,320
|
5,974,674
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1271
|
716,348
|
5,974,622
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1285
|
716,582
|
5,976,232
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1286
|
716,619
|
5,976,231
|
-60
|
70
|
No Significant
Intercept
|
Golden
Jacket
|
OGR1038
|
701,079
|
5,978,960
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1039
|
701,179
|
5,978,957
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1040
|
701,279
|
5,978,955
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1041
|
701,379
|
5,978,953
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1042
|
701,479
|
5,978,950
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1043
|
701,579
|
5,978,948
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1044
|
701,679
|
5,978,946
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1045
|
701,779
|
5,978,944
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1046
|
701,879
|
5,978,941
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1047
|
701,979
|
5,978,939
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1049
|
702,179
|
5,978,935
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1050
|
702,279
|
5,978,932
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1051
|
702,379
|
5,978,930
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1052
|
702,479
|
5,978,928
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
OGR1053
|
702,579
|
5,978,926
|
-90
|
360
|
No Significant
Intercept
|
Western
Roadsides
|
About Outback Goldfields
Corp.:
Outback Goldfields Corp. is actively
exploring its package of highly prospective gold projects located
around the Fosterville Gold Mine in Victoria. The goldfields of Victoria are home to some of the highest grade
and lowest cost mining in the world.
~signed
Chris Donaldson, CEO and
Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain "forward-looking statements"
and "forward-looking information" under applicable Canadian
securities legislation that are not historical facts.
Forward-looking statements involve risks, uncertainties, and other
factors that could cause actual results, performance, prospects,
and opportunities to differ materially from those expressed or
implied by such forward-looking statements. Forward-looking
statements in this news release include, but are not limited to,
statements with respect to: the Company's business and prospects;
the Company's objectives, goals or future plans; resumption of
trading in the Company's common shares; and the business,
operations, management and capitalization of the Company.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: general
business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; delay or failure to receive
board, shareholder or regulatory approvals; those additional risks
set out in the Company's public documents filed on SEDAR at
www.sedar.com; and other matters discussed in this news release.
Accordingly, the forward-looking statements discussed in this
release, including the resumption of trading, may not occur and
could differ materially as a result of these known and unknown risk
factors and uncertainties affecting the companies. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking statements are reasonable, undue reliance
should not be placed on these statements, which only apply as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all.
Except where required by law, the Company disclaims any intention
or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
SOURCE Outback Goldfields Corp.