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Au Gold Announces Results from 20 Holes Drilled at the Ponderosa Gold Project
(TheNewswire) Vancouver, British Columbia – TheNewswire - August 4, 20...
About this update from Au Gold Corp
[{"type":"text","content":"Au Gold Announces Results from 20 Holes Drilled at the Ponderosa Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n August 4, 2022 –\n \n \n Au Gold Corp\n \n \n (TSXV:\n \n \n AUGC\n \n \n ) (“\n \n \n AUGC\n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n announces that it has received all\nassays from its recent diamond drill program at its road accessible\nPonderosa epithermal gold project, 16 km southwest of Merritt BC.\n The program successfully identified the structural hydrothermal\nsystem associated with the gold-bearing Tomahawk trench exposures and\nthe surface alteration identified at the Flatiron target.  Drilling\nat both targets confirmed the shallow subsurface geometry of the\nsilica-associated structural zones striking north-northeast and\ndipping moderately to the west.  All holes encountered varying\ndegrees of silicification and structural alteration with the most\nsignificant intervals cut at shallow depths along the Tomahawk trend.\n  The drill program only partially tested two of four epithermal gold\ntargets identified on the property.\n \n \n \n \n President and CEO, Marc Blythe commented “Despite\nchallenging early-season weather conditions, the drill program was\nexecuted very efficiently testing two bedrock exposures along a 400 m\ntrend at the Tomahawk and Flatiron targets.  Broad zones of complex\nsilicification encountered along the Tomahawk trend yielded narrow to\nmoderate intervals of anomalous gold and silver values.  Given the\ncomplex nature of the mineralization, the shallow intercepts and the\ntenor of gold grades; management is currently consulting an epithermal\nexpert to evaluate the results and determine the next phase of\nexploration.”\n \n \n \n \n The drill program comprised 20 HQ diameter holes,\ntotaling 2335m and partially tested two of four target areas at\nPonderosa; Tomahawk and Flatiron.  The program was executed for\napproximately $288 per meter all in, demonstrating the Company’s\nability to execute low cost technical drill programs.\n \n \n \n Table\n \n \n 1: Anomalous Results\n \n \n \n \n \n Hole #\n \n \n \n \n From (m)\n \n \n \n \n To (m)\n \n \n \n \n Interval (m)\n \n \n \n \n Gold (g/t)\n \n ...