Business
Go Metals Announces Initial Drill Results from PGE Central Zone
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2022) - Go Metals Corp. (CSE:GOCO) ("Go Metals" and/or the "Company") is pleased to announce prelimin
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - December 5, 2022) - Go Metals Corp. (CSE:GOCO) (\"Go Metals\" and/or the \"Company\") is pleased to announce preliminary results as part of a new discovery on the HSP exploration stage nickel-copper-cobalt (Ni-Cu-Co) sulphide project located in Quebec (the \"HSP\"). Scott Sheldon, CEO of Go Metals stated, \"The first assays highlight the potential at HSP with an encouraging interval in hole HSP-22-08. The remaining eight drill holes are being processed by the lab and will be reported when received and interpreted.\" Image 1: Preliminary drill section at HSP-22-08. HSP-22-08 PGE Central Target encountered two intercepts. A 10 metre massive sulphide breccia at 0.34% Ni, 0.31% Cu and 0.05% Co from 51 metres downhole (including 1m of 0.69% Ni, 0.62% Cu, and 0.11% Co) and a lower-grade, wider semi-massive sulphide interval of 16 metres along the hole of 0.13Ni%, 0.17% Cu and 0.02% Co from 29 metres downhole. Core logging and interpretation show variation in sulphide body thickness, widening at depth to the west. HSP-22-10 PGE North Target intercepted anomalous nickel, copper, and cobalt values from 6m to 57.8 metres downhole averaging 290ppm Ni, 159ppm Cu and 65ppm Co. One notable intercept within the hole included 1.6 metres along the hole of 0.19% Ni, 0.15% Cu and 0.03% Co. The results indicate the 440m by 220m wide conductive anomaly is caused by nickel-copper-cobalt sulphide mineralization which has yet to be properly tested with drilling. HSP-22-03 Chamber South Target was an abandoned hole that did not reach the target. The hole was increasing in nickel copper content towards the target with a 2.2 metres ilmenite-magnetite rich layer including >10% titanium (Ti) and 27% iron (Fe) with anomalous base metal values (558ppm Ni, 395ppm Cu, 160ppm Co). Table 1: Summary of Preliminary Results Hole ID From (m) To (m) Length (m) Ni (%) Cu (%) Co (%) Au(g/t) Pt (g/t) Pd(g/t) HSP-22-08 29.00 45.00 16.00 0.13 0.17 0.02 0.04 0.02 0.04 and 51.00 61.00 10.00 0.35 0.32 0.05 0.10 0.07 0.12 including 55.00 56.00 1.00 0.69 0.62 0.11 0.60 0.17 0.25 HSP-22-10 38.30 39.90 1.60 0.19 0.15 0.03 0.02 0.02 0.02 *Intercepts are reported as core length, true widths are not known Table 2: Collar Locations Hole ID Azimuth Dip Start End Length East North Elevation HSP-22-03 270 45 0 10.41 10.41 451...