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Goldseek Resources Completes Phase 1 Program at Bonanza (Urban Barry)
July 8, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) ("Goldseek" or the "Company") is pleased to announce that the Pha
About this update from Abitibi Metals Corp
[{"type":"text","content":"July 8, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) (\"Goldseek\" or the \"Company\") is pleased to announce that the Phase 1 program has been successfully completed on its Bonanza property, in the Urban-Barry Gold camp. The survey was completed in the expected timing, and the team obtained till samples over all of the Property. The objective of the survey was to obtain till samples down-ice from the high priority targets found on the Property. Goldseek's President & CEO Jon Deluce states, \"With the Phase 1 till and boulder sampling completed, we will continue the review of the Property while we await results. We look forward to receiving the results back as we believe it will outline significant targets along our 15km conductive trend.\" The Targets The main target on the Property is a 15km long iron formation that is locally conductive, as shown in Figure 1 below. That iron formation is the main exploration target due to the presence of two boulders located right on the iron formation, on the neighboring property owned by Osisko Mining. The boulders are described as being brecciated pyrrhotitic iron formation with recemented pyrite and chalcopyrite. The boulders graded 9.2 g/t Au + 1.8% Cu (sample K-93-62) and 6.2 g/t Au + 0.85% Cu (K-92-53). Multiple features indicate that the boulders would most likely originate from a local source: The two boulders are located close to each other, 30 meters apart. The boulder lithology consists of pyrrhotitic iron formation. The same mineralogy is found in the 15km long iron formation. Iron formations are unknown in the Urban-Barry belt located up-ice from the boulders (Aur, 1998), which reduces the possibility of the boulders being sourced from there. A single drill hole, 100m in length, was done on the magnetic anomaly located on the historical boulders (Aur, 1998), on the claim now owned by Osisko Mining. This is insufficient to test such a target properly, and the hole encountered a gneiss rock, while historical prospecting confirmed that the iron formation explains the magnetic anomaly. Aur seems to have missed the iron formation during drilling. Osisko Mining drilled the second closest magnetic anomaly, explained by an intrusive body (Osisko, 2018), and there is no mention of an iron formation in the logs. The boulders were located direc...