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New Discovery: Goldflare Obtains 15G/T Over 7 Meters on the Goldfields Project
PIEDMONT, QC / ACCESSWIRE / May 31, 2023 / Goldflare Exploration Inc. (TSXV:GOFL) ("Goldflare" o...
About this update from Goldflare Exploration Inc
[{"type":"text","content":"New Discovery: Goldflare Obtains 15G/T Over 7 Meters on the Goldfields ProjectPIEDMONT, QC / ACCESSWIRE / May 31, 2023 / Goldflare Exploration Inc. (TSXV:GOFL) (\"Goldflare\" or \"the Company\") announces the results of three drill holes from a seven (7) drill hole program totaling 1,816 meters on the Goldfields property, 100% owned by the company. The property is located 35km northeast of the city of Rouyn-Noranda, Quebec. The objective of the program was to validate historical grades and to understand the geometry of known mineralization (see press release of May 3, 2023).The Goldfields property contains a high density of historic drilled gold showings, hosted along the extension of the Porcupine-Destor fault. Iamgold Corporation is currently in the pit development of the Fayolle zone, located approximately 700 meters east of Goldflare's drill program.The Company is pleased to announce a first high-grade gold result of 15.36 g/t over 7.05 meters including an interval of 103.86 g/t over 1 meter from hole AIG-23-13. Here are some key elements of this drilling:Mineralization takes the form of free gold, hosted in an altered and fractured alkaline intrusion.The drilled interval is located immediately below the overburden cover, at a vertical depth of approximately 20 metres.It is located close to the southwestern limit of the historical drill coverage, central to the claim.The spatial position of the discovery leads us to reconsider the geological model and to extend the exploration zone both laterally and in depth along a north-south axis.President and CEO Ghislain Morin mentions: \"Exceptional grade is always a surprise for the team. This is the highest gold result documented to date on the property. We are analyzing whether this type of result could be part of a particular enrichment axis in the known area. If the hypothesis is true, we could benefit from this factor which would increase the average grade of Goldfields. The next steps for Goldflare will be to rework the interpretation and plan a new round of drilling.Goldflare presents here the complete results of holes AIG-23-11, AIG-23-12, AIG-23-13. Partial results have been received from holes AIG-23-14 and AIG-23-17. Results are pending for holes AIG-23-15 and AIG-23-16. Current interpretation of the AIG-23-13 results will not be impacted by results to come from these hole...