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Goldseek Resources Acquires the Southern Arm Property on the Detour Gold Trend
April 22, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) ("Goldseek" or the "Company") is pleased to announce the acquis
About this update from Abitibi Metals Corp
[{"type":"text","content":"April 22, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) (\"Goldseek\" or the \"Company\") is pleased to announce the acquisition of the Southern Arm Property (the \"Property\") by direct staking. The Brouillan-Fenelon volcanic belt has significant potential for gold and base metals. Property highlights include: 3,300+ hectares of Abitibi Greenstone VTEM target identified Historical drilling intersected disseminated Au-Cu-Zn sulfides 10km south of Wallbridge Mining's Fenelon Project Borders Probe Metals, Midland Exploration and Great Thunder Gold Goldseek's President & CEO Jon Deluce states, \"We are very excited to announce the acquisition of the Southern Arm Property. Through an assessment of the area ahead of the staking rush, we were able to directly stake this property at no dilution to shareholders. We believe the property is well-positioned and has the potential to take part in the discoveries made on the Detour Gold Trend. We look forward to completing a thorough assessment of the property and presenting a workplan in a subsequent news release.\" The Property The Property is made up of 62 claims that were acquired by direct staking. They cover approximately 3,300+ hectares (33 km2). Access to the property is by Road 810 and by logging roads. It covers the Brouillan-Matagami belt, which consists of undifferentiated volcanic rocks. Regional Potential The past year has been instrumental for Wallbridge Mining and its Fenelon Gold Project. Last December, they reported drill intercepts grading of up to 22.73 g/t Au over 48.01 meters (Wallbridge Dec 3, 2019 press release) and a successful 33,233 tonnes at 18.49 g/t Au bulk sample result. During 2019, Wallbridge drilled 75,000m and plans to increase to 100,000 - 120,000m of drilling throughout 2020 in anticipation of their maiden-resource calculation. The B26 Zone (SOQUEM) is located approximately 18km SW of the Property. \"A resource estimate was completed in March 2018. The indicated resources of the polymetallic deposit are estimated to be 6.97 Mt at 1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag, and the inferred resources stand at 4.41 Mt at 2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag. Favorable horizons elsewhere on the property remain untested.\" (Source: SOQUEM's web site) Recent drill holes returned up to 9.96% Zn, 82.19g/t Ag...