Business
GOLDFLARE: DRILLING FOLLOW-UP PLANNED ON 2-KM-LONG GOLD TREND
GOLDFLARE: DRILLING FOLLOW-UP PLANNED ON 2-KM-LONG GOLD TREND Canada NewsWire ...
About this update from Goldflare Exploration Inc
[{"type":"text","content":"\n \n \n \n GOLDFLARE: DRILLING FOLLOW-UP PLANNED ON 2-KM-LONG GOLD TREND\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n PIEDMONT, QC\n \n ,\n \n March 16, 2022\n \n /CNW Telbec/ -\n \n Goldflare Exploration Inc.\n \n (TSXV: GOFL) (\"Goldflare\" or \"the Company\") is actively working on the next drilling plan aiming to extend Condor I, the new discovery on its Syenite Condor property, located about 30 km north-east of\n \n Rouyn-Noranda\n \n (\n \n Quebec\n \n ).\n \n \n \n \n \n \n \n \n \n \n Last Exploration Campaign Highlights\n \n \n \n \n A new gold system was identified along the contact with the Cléricy syenite intrusion. The mineralization shows a porphyritic style with dense fractures network. Gold is associated with minor disseminated pyrite.\n \n \n The gold anomaly, with an average thickness of about 40 metres, was intersected at shallow depth, going from surface down to 70 vertical metres. Nine over twelve holes returned gold intervals (see Goldflare's\n \n March 3, 2022\n \n , press release). The drilled grid covered a strike length of about 100 metres. The best result received was 1.0 g/t over 7 metres in hole CDR-22-10.\n \n \n The new gold trend is blind by the overburden coverage. Two-kilometre-long strong geophysical signature could be associated to the gold signal. The gold system seems to follow a strong magnetic contrast explained by mafic ultramafic rocks external to the\n \n Clericy\n \n pluton, which can be traced for over 2 km following a north-to-north-west orientation, using aerial stereo photos.\n \n \n \n \n Next Phase In Planning\n \n \n \n The Company is evaluating the possibility to move forward with an extensive drill program of 5,000 metres in approximately 35 holes, located along the targeted two-kilometre trend. The chosen approach will imply short holes of about 150 metres, whose exact locations and spacing remain to be evaluated.\n \n \n \n \"Condor I is a new blind discovery in the Abitibi Belt, in which ch...