Business
Go Metals Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Go Metals Corp. (CSE: GOCO) ("Go Metals" and/or the "Company") is pleased to provide an update
About this update from Go Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 5, 2021) - Go Metals Corp. (CSE: GOCO) (\"Go Metals\" and/or the \"Company\") is pleased to provide an update regarding the exploration on both its 100% owned Monster IOCG project in the traditional territory of the Tr'ondëk Hwëch'in First Nation and HSP Nickel project in the traditional territory of the First Nation of Ekuanitshit . Monster Cu-Co-Ag-Au claim, Yukon: Reconnaissance RC drilling confirms increasing copper and alteration intensity near Bloom target Class 3 permit application submitted for expanded diamond drill program Artificial Intelligence targeting study in progress with Windfall Geotek HSP Ni-Cu-PGE claim, Quebec: 3km long area prospective for Ni-PGE mineralization on HSP discovered Drill targeting in progress using the recent 55 km2 TDEM survey Fully funded for 2021 exploration program Updated corporate presentation The company has updated its corporate presentation with exploration results and plans for 2021. https://gometals.ca/slidedeck.pdf Monster Drill Results MO20-01 Final drill results of hole MO20-01, 02 and 03 have been delivered from the lab. Hole MO20-01 targeted the main Bouger gravity anomaly on the Bloom target. Equipment issues caused the hole to be limited to 100m in depth. The hole encountered a large clast of mud-sandstone until the end of the hole. Barium concentrations in the hole are indicative of barite which is an important IOCG indicator mineral. The barium content increased towards the end of the hole. The gravity target itself was not intersected and is expected to be at a depth of 150m. MO20-02 Hole MO20-02 was drilled from the same location as MO20-01 but angled 60 degrees to drill beyond the large mud-sandstone clast. This hole yielded the best results. Minor copper mineralization was intersected at the start of the hole (see table below) and higher-grade copper towards the end of the hole in an interval of 1.5m at 0.72% Cu. The alteration intensity towards the end of the hole increased and the last 4.5m of the hole contained over 0.2% Barium. MO20-03 Hole MO20-03 was targeted at a coincident gravity, magnetic and IP anomaly but had to be abandoned due to ground conditions at 70m. The hole encountered several cavities related to a repeating fault set prior to the end of the hole. The anomaly itself was not intersected. MO20-0...