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Edgemont Gold Provides Update on Drill Program Underway at Dungate Copper-Gold Porphyry Project, Houston, B.C.
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) ("Edgemont") is pleased to provide the following updat
About this update from Edgemont Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) (\"Edgemont\") is pleased to provide the following update on the Phase II drill program currently underway at the Dungate copper-gold porphyry project located 6 km southeast of the town of Houston. Two holes totallng 1,058 m have now been completed with a third hole now underway. This Phase II drill program began on April 28 and is following up on widespread anomalous copper and gold mineralization identified during Phase I drilling. Edgemont is fully funded for this drill program, with approximately $1.2 million in cash on hand as of today's date. The first drill hole of this program (\"DG22 -08\") tested a hidden intrusive identified by magnetic surveys under overburden to the north of the Quartz Feldspar Porphyry (\"QFP\") tested during Phase I drilling in 2021. This is the first drilling ever conducted on this target, which was tested to a vertical depth of over 500 metres. The target is a strong magnetic anomaly with a pronounced central u-shaped depleted magnetic signal. The hole was designed to cross the depleted magnetic signal and pass into the adjacent high magnetic anomaly. Drill core is being logged and sampled and the first samples for assay have been shipped to the assay lab. A map indicating the location of drill hole DG22-08 is below: Figure 1: 2022 Drill Hole Location Map The second hole of the program (\"DG22-09\") followed up on holes drilled in 2021 that intercepted widespread anomalous gold forming a shell along the edges of the QFP and into the contact host rocks (see our news release of March 28, 2022). It was collared on a new drill pad 280 m south of hole DG22-08 and was drilled at a dip of -50 degrees to a down hole depth of 450 m. The location and trace of this drill hole is provided on the 2022 drill hole location map above. The third hole (\"DG22-10\") is currently being drilled to follow up on significant intervals of anomalous gold, including 27 m @ 0.44 g/t Au, identified at the bottom of hole DG21-04 in 2021 within the gold shell along the edges of the QFP intrusive that was the focus of drilling in 2021. Drill hole DG22-10 has been collared on the drill pad for DG21-04 and is being drilled to test a depressed magnetic signature on the edge of the QFP that appears to coincide with the gold z...