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Goldseek Resources Provides Exploration & Corporate Update, Including Fall Drill Program at Beschefer
Highlights: A planned 2,500 metres of drilling is targeted to commence at Beschefer in October. The finalization of drill targets is underway, aimed at expandin
About this update from Abitibi Metals Corp
[{"type":"text","content":"Highlights: A planned 2,500 metres of drilling is targeted to commence at Beschefer in October. The finalization of drill targets is underway, aimed at expanding high-metal factor zones. Notably, these zones encompass intersections such as 55.63 g/t gold over 5.57 metres and 13.07 g/t gold over 8.75 metres. The Company is actively exploring opportunities to option a second flagship asset to complement Beschefer. The Company has optioned up to 51% of its Bonanza Project to Mabel Ventures Inc. September 12, 2023 – TheNewswire - London, Ontario – Goldseek Resources Inc. (CSE:GSK) (FSE:4KG) (“Goldseek” or the “Company”) is pleased to provide an update on its exploration plans for the Fall across its portfolio of Projects. The Company is focused on the Beschefer Project, located approximately 30 kilometres southwest of Wallbridge Mining Company Limited’s (“Wallbridge”) 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 (see news release dated March 3, 2021). Goldseek's President & CEO Jon Deluce states, “We are excited to resume drilling at the Beschefer Project, which has had 4 historical intercepts with a metal factor of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres (BE13-038) and 13.07 g/t gold over 8.75 metres (B12-014). We are in the final stages of refining our drill targets, focused on expanding the high-metal factor zones and the strike length of the system. Pausing drilling was a tough decision, undertaken to prudently manage capital during these challenging market conditions. We extend our gratitude to our patient shareholders as we gear up for this restart. In parallel, we are seizing the opportunity presented by these market challenges to evaluate potential acquisitions. Our aim is to option a second flagship asset, strategically positioning the Company to reap the rewards of the eventual resurgence in the gold and commodity bull market.” Beschefer Project: Fall Drill Program: The Company is currently designing a 2,500-metre follow-up drill program aimed at extending high-metal factor trends and the gold system’s strike length. This drill program will concentrate on the Central Shallow and East Zones, which host the project's highest historical metal factor intercepts. ...