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Generic Gold Identifies New Gold and VMS Targets for Phase 2 Drilling in Normetal Mine Sequence and Reports on Phase 1 Drilling
Toronto, Ontario--(Newsfile Corp. - October 28, 2021) - Generic Gold Corp. (CSE: GGC) (FSE: 1WD) (OCTQB: GGCPF) ("Generic Gold" or "Generic" or the "Company") i
About this update from Generic Gold Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - October 28, 2021) - Generic Gold Corp. (CSE: GGC) (FSE: 1WD) (OCTQB: GGCPF) (\"Generic Gold\" or \"Generic\" or the \"Company\") is pleased to announce that it has identified numerous new gold and volcanic massive sulphide (VMS) targets primarily in the Normétal Mine Sequence (see Figure 1), the same geological package that hosts the past producing Normétal mine as well as recent high-grade VMS discoveries from neighbouring Amex Exploration and Starr Peak Exploration. Using the same geophysical tools (Versatile Time Domain Electromagnetic (\"VTEM\"), Induced Polarization (\"IP\") and Borehole Electromagnetics (BHEM)) combined with data compilation and modelling, Generic has identified targets which bear geological signatures that are similar to recent nearby VMS discoveries. Generic Gold holds up to 18km of the favourable Normétal Mine Sequence, of which kilometric sections have never been drill tested. In addition, the Company has identified gold targets as well as VMS targets in a splay fault disrupting the main Normétal fault (see Figure 2). Nearby historical drilling (from the 1950s) notes favourable characteristics in drill logs, such as quartz veins up to 6ft, that were never previously assayed. Furthermore, the Company plans to target anomalies from an IP (Induced Polarisation) survey that was conducted in 2019 (see Figure 4). The Company also wishes to report that anomalous gold, silver, copper and zinc values were reported in multiple holes from Phase 1 of drilling on its Belvais Project, located in the Abitibi Greenstone Belt of Québec, along the Normétal Fault Zone. Aaron Stone, Vice President Exploration of Generic Gold, stated, \"Phase 1 of drilling has provided us with important data which has led us to new targets for Phase 2 of drilling. Using BHEM technology (electromagnetic geophysical tool that surveys the hole after having been drilled) several off-hole anomalies have been detected that warrant further exploration. These new (or extension of existing) electromagnetic (EM) plates that were not detected in the original VTEM survey, have been delineated and modelled in 3D. In addition, following the technical team's review of the historical data, I am also keen to test a significant splay fault that disrupts the main Normétal fault. The quartz veins on this fault seen during ...