Business
Big Ridge Gold Corp - 2023 in Review
Toronto, Ontario--(Newsfile Corp. - April 16, 2024) - Big Ridge Gold Corp. (TSXV: BRAU) (" Big Ri...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Big Ridge Gold Corp - 2023 in ReviewToronto, Ontario--(Newsfile Corp. - April 16, 2024) - Big Ridge Gold Corp. (TSXV: BRAU) (\"Big Ridge\" or \"Company\") is pleased to highlight milestones achieved and work completed in 2023 at the Hope Brook Gold Project during the 2023 field season. 2023 Highlights:Global Mineral Resource Estimate:1.2 Million Ounces grading 2.32 g/t Au in Indicated and 231,000 Ounces grading 3.24 g/t Au in Inferred categories.Open Pit Mineral Resource Estimate: 1.0 Million Ounces grading 2.14 g/t Au in Indicated category43% Increase in total Indicated Ounces and 110% Increase in total Inferred Ounces compared to the April 2021 Mineral Resource EstimateGold Island Acquisition:Added options on three high quality gold exploration assets from Gold Island in the Baie Verte area of Newfoundland that offer potential for further new discoveries.Acquired approximately CAD$3.8 million in working capital (primarily cash).Added several supportive, long-term shareholders to its shareholder base.Strengthened the Company's Board of Directors and exploration teams with the appointments of Paul Pint and Paul Robinson, PhD., PGeo, respectively.Hope Exploration Program:Completed 39 line-km of MAG and 29 line-km of IP geophysics at Hope Brook, Woodman's Droke and Old Man's Pond.Evaluated epithermal targets southwest of Hope Brook and at Woodman's Droke and Old Man's Pond.Collected over 500 samples including 102 channel samples on the Hope Brook property.Followed up on soil and Drone Magnetometer surveys MAG at the Baie Verta properties.Michael Bandrowski, President & CEO of the Company, commented: \"Despite challenging market conditions the Company completed a productive exploration program at the Hope Brook Gold Project, Hampden and Burton properties near Baie Verte Newfoundland. Results from a modest $2 million exploration program are being finalized and will be released in the coming weeks.\" Qualified PersonWilliam McGuinty, P. Geo., Vice President Exploration for Big Ridge, a Qualified Person within the meaning of NI 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.About Hope Brook The Hope Brook Gold Project is an advanced stage, high-grade gold project that produced 752,162 ounces of gold from 1987 - 1997. Initial production consis...