Business
Go Metals Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2020) - Go Metals Corp. (CSE: GOCO) ("Go Metals" and/or the "Company") is pleased to update on developm
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 12, 2020) - Go Metals Corp. (CSE: GOCO) (\"Go Metals\" and/or the \"Company\") is pleased to update on developments as the company continues to focus on polymetallic projects in Canada. The results of our geological and geophysical work on our 100% owned Monster IOCG project indicate clear drill targets. We believe the Monster has world-class potential. In addition to that, the Monster is located in the Yukon Territory and the traditional territory of the Tr'ondëk Hwëch'in, which both have favourable attitudes towards responsible exploration and mining. Two separate targets on the Monster Property are now drill-ready. The Beast target is an offset gravity and magnetic high which we believe to be evidence for a redox front in the form of a transition between magnetite and hematite. The Beast target has a depth to top of about 70 - 100m. Chemical alteration vectors increase towards the target, further highlighting its potential. The Bloom target, several kilometers east of the Beast target, is focused on a positive gravity anomaly that overlaps a positive magnetic anomaly. The Bloom target is confirmed by several mineralized showings that grade up to 9.6% Co, 1.2 g/t Au and >1% Cu. The final gravity processing has been completed and reaffirms the Bloom and Beast target. Results of 28 rock samples that were analyzed for geophysical properties as well as geochemistry indicate a moderate correlation between gravity and mineralization, highlighting the potential of positive gravity anomalies to be indicative of buried mineralization. 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. Go Metals has initiated discussions with the provincial and federal governments to encourage battery metal exploration in the Ogilvie Mountain range - indicated by surface metals like Copper, Cobalt, Gold, Silver and Zinc. The company is exploring the possibility of a joint magnetic and gravity survey to further aid our regional targeting of these elements. The company has also started discussions to revive a winter road from the Dempster highway to the Monster claims. The road would also prov...