Business
Go Metals Clarification to Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2020) - Go Metals Corp. (CSE: GOCO) ("Go Metals" and/or the "Company") wishes to clarify and/or retract
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 13, 2020) - Go Metals Corp. (CSE: GOCO) (\"Go Metals\" and/or the \"Company\") wishes to clarify and/or retract statements from the news release disseminated by the Company on March 11, 2020. The company wishes to clarify the following statement: The Monster property is a large IOCG property in Yukon, Canada and traditional territory of Tr'ondëk Hwëch'in. The Monster Property is 65 km2 and centered on a set of hematitic breccias of several km in diameter. Alteration mapping by the company in 2019 (News Release dated August 28th, 2019) confirmed the presence of IOCG-style alteration and mineralization. The company also wishes to clarify the following statement: Mineralization on the claim is similar to the giant Olympic Dam IOCG deposit. Comparisons of the Monster Property to the Olympic Dam deposit concern the deposit model and general geological characteristics such as age, mineralogy, and alteration only. As noted above the IOCG deposit model is substantiated by Go Metals alteration mapping. The Company also wishes to retract the following statement: The geochemical results were also encouraging, as the highest gold value assayed was 3.4 g/t Au (n=28 samples, average 0.185 g/t Au, 3 values over 100 ppb). This value further highlights the potential of the Monster to host a significant amount of gold. No defined resource currently exists for the Monster Property. Therefore, the premise that the Monster hosts a significant amount of gold cannot be substantiated by work completed to date. Average Highest Co 0.197% 2.037% Cu 0.165% 0.948% Ag 2.158 g/t 30.450 g/t Au 0.185 g/t 3.407 g/t Samples were sent to Groundtruth Exploration in Dawson, YT for geophysical property measurements. Following measurement samples were sent by truck to the Company, which sent part of the sample to MS Analytical in Langley for geochemical measurements. Samples were dried, crushed and pulverized according to preparation method PRP-710 and analyzed through Aqua Regia ICP-AES/MS according through method IMS-131. Samples with more than 1% Co were analyzed through ore grade aqua regia ICP-AES according through method ICA-6Co and samples with Au over 0.01 ppm were analyzed through fire assay FAS-415. Blanks and duplicates were inserted according to MS Analytical's standard procedures. All lab standa...