Business
Goldseek Resources Defines Soil Anomalies in Till at Bonanza (Urban Barry) and Appoints VP-Exploration for Quebec
September 16, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) ("Goldseek" or the "Company") is pleased to announce that t
About this update from Abitibi Metals Corp
[{"type":"text","content":"September 16, 2020 - TheNewswire - London, Ontario - Goldseek Resources Inc. (CSE:GSK) (CNSX:GSK.CN) (\"Goldseek\" or the \"Company\") is pleased to announce that the previously completed soil survey (see news release dated July 8th, 2020) defined 3 targets on the Bonanza Property. Two of those areas will be investigated using an IP survey before the hunting season. Following the IP results, a trenching program will be performed on the top priority near-surface areas. In parallel with the IP survey, a prospecting program will be completed to define the source of the anomaly better. This information will be used to plan a trenching survey, followed by a drill program to be completed before the end of 2020. Figure 1: Targets Goldseek's President & CEO Jon Deluce states, \"With the completion of Phase 1 we are well on our way to executing our 3-phase plan within budget and on time. With these strong soil returns highlighting Targets 1-3 on the 15km iron formation trend, we look forward to our maiden drill program this winter. For our next phase, we will be completing IP and Stripping/Sampling programs, which will commence shortly. This will continue to develop and bring attention to the Bonanza project in Quebec's next major gold camp with 8.5M oz of resources discovered to date.\" The Targets Target 1 to Target 3 and are all located on a 15km long iron formation that is locally conductive. The iron formation is also most likely the source of 2 boulders found approximately 100m outside of the Property, on Osisko Mining's claim and right on the iron formation. The presence of gold in the boulders indicate that the 15km long iron formation may contain gold in its system. Further details about the potential of the iron formation can be found in NR dated July 8th, 2020. The soil anomaly thus indicates to the Company specific targets along the iron formation to further investigate. Targets 1 and 3 are also associated with local conductor anomalies (see Figure 1: Targets). Anomalous elements of each target is summarized in the table below: Table 1. Anomalous elements on the 3 targets. Precious Metals Base Metals Trace Elements Target 1 Au, Ag Co, Cu, Mo, Zn As, Te, Ni, Se, Sb, Hg, Tl and Rb Target 2 Au, Ag Co, Cu, Zn As, Bi, Ni, Tl and Rb Target 3 Ag Co, Cu, Zn Te, Se, Hg and Rb An IP survey is currently beginning on targets 1...