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Edgemont Gold Plans Summer Drill Program for Dungate Copper/Gold Porphyry Project Near Houston, B.C.
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2021) - Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) ("Edgemont") is pleased to announce that planning is u
About this update from Edgemont Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 17, 2021) - Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) (\"Edgemont\") is pleased to announce that planning is underway for a fully funded Phase I, 3000 m drill program this summer at its Dungate copper/gold porphyry project located 6 km south of Houston, B.C. The Company's Notice of Work has been reviewed and accepted by the B.C. Ministry of Mines and is now awaiting issuance of the final drill permit. As a result of IP surveys completed last year, Edgemont expanded its initial Notice of Work to make it a multi-year program, adding an additional 10 holes that can be drilled following successful completion of the Phase I drill program We are very much looking forward to the start of our summer drill program at Dungate\" stated Stuart Rogers, the CEO of Edgemont. \"The similarities between Sun Summit's recent discovery at Buck and the properties of the breccia zone reported in the drill log for DDH C75-01 drilled in 1975 have contributed to the targeting of an exciting first drill hole\". The initial six drill targets at Dungate are 7 km north of the high grade gold/silver discovery recently announced by Sun Summit Minerals Corp. on their adjacent Buck property, where their recent claim staking in 2020 expanded their property to the southern boundary of the Dungate property. A map showing the location of the Dungate property is available here: Figure 1 The initial drilling planned for the Dungate project will be comprised of six deep holes (approximately 500 m each). The first holes will test a strong cohesive circular chargeable anomaly approximately 1.2 km in diameter (chargeability response varies from 15mv/v to greater than 60 mv/v) identified by Edgemont during a 16 line km IP survey conducted in September 2020. This chargeability anomaly appears to be increasing in size and strength with depth and is coincident with a total magnetic intensity high identified in a magnetic survey completed by Edgemont in 2019. Both geophysical anomalies occur on a quartz feldspar porphyry (\"QFP\") identified by Edgemont in mapping and surface rock sampling in 2019 and 2020. In addition, the magnetic and IP surveys also identified another possible intrusion, much larger in size, under overburden to the north of the initial Dungate showing. This target has never been drilled and will be...