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1844 Resources Announces Filing of NI 43-101 Technical Report on the Lac Arsenault Project
SASKATOON, Saskatchewan, Nov. 02, 2021 (GLOBE NEWSWIRE) -- 1844 RESOURCES LTD. (TSX-V:EFF) (the “Company” or “1844”), is pleased to announce the filing of a tec
About this update from 1844 Resources Inc
[{"type":"text","content":" SASKATOON, Saskatchewan, Nov. 02, 2021 (GLOBE NEWSWIRE) -- 1844 RESOURCES LTD. (TSX-V:EFF) (the “Company” or “1844”), is pleased to announce the filing of a technical report for its Lac Arsenault Project entitled, “LAC ARSENAULT PROJECT NI 43-101 TECHNICAL REPORT, QUÉBEC, CANADA”. The Report dated November 01, 2021, prepared in accordance with National Instrument 43-101 (“NI 43-101”) by GoldMinds Geoservices Inc., is available for review on SEDAR website (www.sedar.com). The Lac Arsenault project is located in the Paspébiac area, Gaspésie region, Province of Québec (Figure 1). The project is 100% owned by 1844 Resources Inc.. There is no mineral resources in the Technical Report. The company completed a diamond drilling program at the Lac Arsenault property in 2021. The drilling program consisted of eleven holes totaling 1951.9 metres with 366 core samples (not including blank, standards and duplicate) analyzed at ALS laboratory (Val d’Or, Québec). All samples were assayed for gold by fire assay (FA ICP-AES finish), silver by aqua regia digestion and multi-elements (ICP-AES). Three drill holes LA-21-03, LA-21-02 and LA-21-08 intersected high-grade mineralization and confirm the extension at depth of the mineralized structures (Table 1). Table 1 : Significant intercepts from drilling at Lac Arsenault property (core lengths) Hole Name From To Sample Number Length Au g/t LA-21-03 34.4 34.7 X340188 0.30 3.23 LA-21-03 34.7 35.8 X340190 1.10 2.23 LA-21-02 107.2 107.3 X340172 0.10 5.84 LA-21-02 111.53 111.8 X340177 0.27 1.19 LA-21-02 123.9 124.15 X340181 0.25 2.92 LA-21-08 138.9 139.07 X340442 0.17 2.02 1 Holes were drilled at various angles and the true width are not known at this time. During the site visit Mr. Duplessis, Eng., took six surface samples (channels and grab samples, Figure 2). The table (Table 2) below show the assays results from these samples. Assay results for the verification samples confirmed the presence of gold showing with a maximum value of 17.43 g/t Au at Baker vein and a minimum value of 6.04 g/t Au at L4W. Table 2 : Surface samples Assays (Au, Ag, Cu, Pb and Zn) Location Sample Type Au g/t Ag g/t Cu ppm Pb % Zn % As % L4W 21904A Channel 1 17 0.002 0.002 0.135 L4W 21905A Channel 6.04 17 387 0.803 0.269 1.870 L4W 21906A Channel 11.23 129 916 3.520 1.470 3.710 Mersereau 21907A Grab 7.49 114 262 4.720 0....