Business
Goldseek Resources Commences Trenching on IP Targets at Bonanza (Urban Barry)
October 28, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) ("Goldseek" or the "Company") is pleased to announce it will
About this update from Abitibi Metals Corp
[{"type":"text","content":"October 28, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) (\"Goldseek\" or the \"Company\") is pleased to announce it will conduct a trenching program on selected targets of the Bonanza Property. The trenching targets were placed on the previously announced IP (see news release dated October 14th, 2020) found conductors located close to surface. An IP investigation was completed following the discovery of multiple soil anomalies located down ice from a 15-km long conductive anomaly defined by an airborne VTEM survey. A program consisting of twelve trenches totaling approximately 290 line-meters will start the beginning of November and take approximately 10 days to complete. Goldseek's President & CEO Jon Deluce states, \"This maiden trenching program on IP anomalies aims at finding a possible source of the previously discovered soil anomalies down ice from the currently worked areas. Trenching is the final step towards confirmation of drill targets for December 2020, and the results will help us better interpret the IP anomalies that were defined. By following our proven systematic approach to define our drill targets, we have increased our chances of making a discovery in the Urban Barry Camp. We look forward to keeping investors updated on our progress and commencing our maiden drill program in December.\" Figure 1: Planned Trenches on the Property and Related Polarizable Axis The trenching targets are located on a 15km long iron formation that is locally conductive. This formation is expected to be the source of the soil anomalies located down-ice of Target 1, which had anomalous elements of: Au, Ag; Co, Cu, Mo, Zn; and As, Te, Ni, Se, Sb, Hg, Tl & Rb. Following up on these geochemical anomalies, the IP survey conducted earlier in October 2020 defined 60 geophysical resistive and chargeable anomalies on the Bonanza Property. The intensity of the anomalies; the superposition of chargeable and resistive anomalies; the magnetic association; the width of the anomalies; and the continuity at depth of the anomalies were used to define the priority level of the trenches. The Company will soon disclose the results of the IP survey once final interpretation is obtained. Including the twelve high-priority trenches, a total of 889 meters over 45 trenches have been permitted. Table 1. Desc...