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Au Gold Corp Samples 1.04 g/t Gold over 5.25 m at the Tomahawk Zone, Ponderosa Property, BC
(TheNewswire) Vancouver, British Columbia - TheNewswire – March 31...
About this update from Au Gold Corp
[{"type":"text","content":"Au Gold Corp Samples 1.04 g/t Gold over 5.25 m at the Tomahawk Zone, Ponderosa Property, BC \n \n \n (TheNewswire)\n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire\n \n \n –\n \n \n March 31, 2021\n–\n \n \n Au Gold Corp\n \n \n (TSXV:AUGC) (“\n \n \n AUGC\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n is pleased to announce assay results from a\ntrench sampling program completed at  the Ponderosa gold project in\nBritish Columbia (“Ponderosa”).  The program focused on the\nTomahawk Zone, the highest priority of four target areas on the\nproperty.  The results support the exploration thesis that Tomahawk\nrepresents the intact\n \n \n \n \n upper portion of an epithermal gold system and should be\nprioritized for future diamond drilling.\n \n \n \n \n Tomahawk Sampling Highlights\n \n \n \n \n \n \n - Trench TR-DP-04 returns 1.04 g/t gold across 5.25 m\nincluding\n \n \n 3.99 g/t gold and\n14.9 g/t silver\n \n \n across 1.00 m;\n \n \n \n \n \n \n \n \n - Variably altered volcanic host rocks yield up to 0.61\ng/t gold across 1.25 m;\n \n \n \n \n - Anomalous gold response from all trenches sampled;\nand\n \n \n \n \n - Textures supportive of high-level position in the\nepithermal system\n \n \n \n \n \n \n “Results from the Tomahawk sampling program are\nsignificant especially given the target area is essentially blind to\nsurface geochemistry.” states President and CEO Marc Blythe.\n “The tenor of gold mineralization and accompanying textures are\nconsistent with the Company’s interpretation that the Tomahawk Zone\nrepresents the upper portions of an epithermal gold system.  We are\nhighly encouraged by these results and look forward to advancing this\ntarget and others within the project area in 2021”.\n \n \n \n \n The\n \n \n Tomahawk Zone\n \n \n is currently\nthe most advanced and highest priority showing on the Ponderosa\nProperty.  The area was identified through historical prospecting as\na quartz rubble pile roughly 3 m in diameter.  Six historical grab\nsamples reportedly returned from below detection to 0.54 g/t gold but\nno additional follow-up work was conducted.  This was likely due to\nthe very weak gold-in-soil geochemical signature over the Tomahawk\nZone with val...