Business
Goldseek Resources Announces Beschefer Drilling Visual Observations
Highlights: Visual observation on approximately 2,350m of drilling completed across 9 holes The targeted B14 shear zone has been in all holes drilled to date In
About this update from Abitibi Metals Corp
[{"type":"text","content":"Highlights: Visual observation on approximately 2,350m of drilling completed across 9 holes The targeted B14 shear zone has been in all holes drilled to date Initial assays have been delivered to the lab with weekly batches expected over the remainder of the program September 30, 2021 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CNSX:GSK.CN) (FSE:4KG) (“Goldseek” or the “Company”) is pleased to announce an update from its 5,000-meter drill program currently underway at Beschefer which kicked off in early August. The Company is currently completing the final holes of the program. All holes have intersected the B14 gold-bearing shear zone structure between 100 and 250 meters deep using varied spacing between historical holes and newly drilled targets. The objective sought by this program is to validate high-grade intervals obtained historically, infill drilling on the gold zones and target the expansion of the modelled lenses (see news release dated September 2, 2021) The Beschefer Project is located approximately 30 kilometers southwest of Wallbridge’s Fenelon Gold Project. On March 3rd, 2021, the Company entered into an option agreement on the Beschefer Project to earn 100% over 4 years from Wallbridge Mining Company Limited (“Wallbridge”) (see news release dated March 3, 2021). Visual Intercept Highlights The B14 gold-bearing shear zone is a 14 to 30 meters thick interlayered package of mafic to felsic volcanic affected by a strong ductile fault or mylonite. The interpretation indicates a dip of 30 to 60 degrees to the southeast. The alteration and mineralized system are multi-phased and vary from hole to hole, taking the form of a heterogenous banding affected by late-tectonic fracturing and brecciation. Generally, shearing evidence is coincident with a strong iron carbonate replacement in association with chlorite and sericite. Pervasive feldspathization occurs at the core of the structure split in metric lenses interlayered with chlorite-sericite intervals. The sulfide mineralization is composed of a different generation of pyrite in association with secondary magnetite and local chalcopyrite. The volume of pyrite varies continuously over the structures, anywhere between 3% and 15%. The following observations were made as indications of the presence of the gold system, but they are by no means correlated with g...